Target plans to cut prices on thousands of consumer basics this summer, from diapers to milk, as inflation cuts into household budgets and more Americans pay closer attention to their spending. The price cuts, already applied to 1,500 items, will eventually include 5,000 food, drink and essential household goods. Target and other retailers are increasingly catering to customers who are struggling with higher prices for groceries, though inflation has begun to cool. Many of them have switched to private label brands sold by Target and others big retailers, which are typically less expensive than well-known brands. Target launched one such collection in January called Dealworthy which includes nearly 400 basic items, ranging from clothing to electronics, that can cost less than $1, with most items under $10. Last week, McDonald’s said that it was planning to introduce a $5 meal deal in the U.S. next month to counter slowing sales and customer frustration with higher prices. Walmart posted strong quarterly sales last week driven by a influx of customers, including households with incomes of more than $100,000, looking for bargains. |
Armenia and Azerbaijan move closer to normalizing ties as the first border marker goes upFTC sues to block Tapestry's $8.5 billion acquisition of CapriBritain's Kensington Palace releases image of Prince Louis to mark his 6th birthdayFormer MIT researcher who killed Yale graduate student sentenced to 35 years in prisonAnalysts: US missile deployment expected to assist Philippines’ defense — Radio Free AsiaHow major US stock indexes fared Monday, 4/22/2024Orioles call up another top prospect in OF Heston Kjerstad, who hit 10 HRs in 21 games at TripleArmenia and Azerbaijan move closer to normalizing ties as the first border marker goes upRemains believed to be missing woman, daughter found at West Virginia home on same day suspect diedWoman charged with murder in crash that killed young brother and sister at birthday party