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.
Britain's new bonkers EV: Callum Skye is an £80k electric buggy built in Warwickshire
Experts say gun alone doesn't justify deadly force in fatal shooting of Florida airman
Luis Muriel scores first 2 MLS goals, Gallese stops late PK as Orlando City beats Union 3
Teacher 'who took virginity of her 16
Kevin Pillar gets 1,000th career hit in Angels' win at Texas
Outbound travel boom mirrors China's consumption vibrancy
Four people killed in a house explosion in southwestern Missouri
Fried, 2 relievers work 8 2/3 no