Current location:business >>
Target to lower prices on basic goods in response to inflation
business4People have gathered around
IntroductionTarget plans to cut prices on thousands of consumer basics this summer, from diapers to milk, as inf ...
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.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Culture Corridor news portal”。http://angola.fightbigfood.org/news-97e998914.html
Related articles
Minnesota Uber and Lyft driver pay package beats deadline to win approval in Legislature
businessST. PAUL, Minn. (AP) — A plan to boost pay for Uber and Lyft drivers in Minnesota that lawmakers bel ...
【business】
Read moreBassitt gets 2nd straight victory as Blue Jays win 3
businessTORONTO (AP) — Chris Bassitt pitched into the seventh inning to win his second straight start, Aleja ...
【business】
Read moreSouth China theater festival to showcase outstanding classics
businessA total of 39 plays will be performed as part of a special event featuring outstanding Chinese stage ...
【business】
Read more
Popular articles
- Storms damage homes in Oklahoma and Kansas. But in Houston, most power is restored
- Dylan Cozens scores 2 goals as Sabres beat Lightning 4
- Vo Thi Anh Xuan named as Vietnamese acting president
- With 'functional' beverages, brands push drinks that do more than taste good
- Mystery artist who erected signs comparing pothole
- China to take multiple measures to upgrade basic education: Minister
Latest articles
Liverpool confirms Arne Slot as Jurgen Klopp's replacement
Doctors thought woman, 77, had cancer... then they discovered she had a brain
The proof going vegan ISN'T better for you? Study finds plant
Death toll in Italy's power plant explosion rises to 5
Pope trip to Luxembourg, Belgium confirmed for September, 2 weeks after challenging Asia visit
China unveils plan on equipment renewal, trading
LINKS
- China launches satellites to monitor atmospheric, space environments
- Sudden heavy rains in Oman kill at least 17 including schoolchildren whose bus was overtaken
- Young people infuse vibrancy into Chinese square dancing
- China emerges as leading source of foreign investment in Tanzania: officials
- Demonstration zone in Hainan shows China's green practices
- Prince Harry in legal setback about security protection in UK
- Juventus back on form with 1
- Desert tourist attractions fuel travel enthusiasm in NW China
- Tourists visit Yuanmingyuan Park in Beijing
- Heavy rainfall, floods cause significant property damage in Australia's NSW