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. |
'Samurai swordNew York governor regrets saying Black kids in the Bronx don't know what a computer isToo much water, and not enough: Brazil's flooded south struggles to find basic goodsBiden condemns antisemitism in Holocaust remembrance speechFormer head of one of China's top stateZendaya goes braless in plunging dress for THIRD Met Gala outfit as she speaks onstage with coWith help from AI, Randy Travis got his voice back. Here's how his first song postMother throws her disabled sixVladimir Putin is sworn in for his fifth term as president at glittering ceremony in front of handPope Francis appoints new bishop in Tennessee after former bishop's resignation under pressure