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.
Iran helicopter crash that killed President Raisi could reverberate across the Middle East
Remnants of bird flu are found in grocery store milk
Biden picks up another big union endorsement, this one from building trades workers
Bears unveil $5 billion plan for lakefront stadium
Insider Q&A: CIA's chief technologist's cautious embrace of generative AI
Another Republican candidate to challenge Democratic Sen. Elizabeth Warren
Missouri House backs legal shield for weedkiller maker facing thousands of cancer
11 Republican "fake electors" indicted for falsely declaring Trump won Arizona
Student fatally shot, suspect detained at Georgia's Kennesaw State University
Fans voice mixed reactions as Chicago Bears release stunning AI
Revealed: Brit tourist, 19, subjected to sex attack in Majorca 'was gang
Los Angeles marches mark Armenian Genocide Remembrance Day