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.
Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
Maine sheriff's fate rests with governor after commissioners call for his firing
PGA Tour players learn how much loyalty is worth in new equity program
Hannah Waddingham looks incredible in pink tweed co
Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
Nootbaar, Gibson spark Cardinals to 5
Texas Instruments, Mattel rise; General Dynamics, Teledyne fall, Wednesday, 4/24/2024
Medics remove 150 MAGGOTS from a woman's mouth after dental procedure left her with rotting tissue
UN calls for probe into mass graves at Shifa and Nasser hospitals in Gaza
Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia
More cows are being tested and tracked for bird flu. Here's what that means