Current location:business >>
Target to lower prices on basic goods in response to inflation
business11953People 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 Craft news portal”。http://bermuda.downmusic.org/article-97d599899.html
Related articles
Sweden beats France, Britain relegated after losing to Norway at hockey worlds
businessPRAGUE (AP) — Sweden beat France 3-1 to preserve a perfect record at the ice hockey world championsh ...
【business】
Read moreTokyo 2020 Paralympic Games open
businessFireworks explode over the Olympic Stadium during the opening ceremony of Tokyo 2020 Paralympic Game ...
【business】
Read more(W.E. Talk) Confrontation in Sino
businessBy Zeng Nai & Wang Enbo from CNSJohn L. Thornton is chair emeritus at Brookings Institution, an ...
【business】
Read more
Popular articles
- Trump accepts a VP debate but wants it on Fox News. Harris has already said yes to CBS
- China to hand over completed new parliament building to Zimbabwe
- Israel celebrates 74th Independence Day
- Powerful Hurricane Ida slams U.S. Louisiana, other regions
- Kristin Cavallari, 37, ignores critics of her age
- Countries need to foster synergy in restoring biodiversity
Latest articles
Six killed in a 'foiled coup' in Congo, the army says
Profile: Xi Jinping Steers Decade of Reform Toward Chinese Modernization
Dow drops over 700 points to end below 30,000
WHO endorses China's Sinopharm COVID
Investigators return to Long Island home of Gilgo Beach serial killing suspect
Sweden, Finland to submit NATO applications Wednesday
LINKS
- Xi Stresses Studying, Understanding, Implementing Guiding Principles of Key Party Congress
- CCTF, Hengyuanxiang Launch 2023 Heng’ai Action
- Xi to Attend G20 Summit, APEC Economic Leaders' Meeting and Visit Thailand
- CCTF, Hengyuanxiang Launch 2023 Heng’ai Action
- Xi Focus: 4 Key Takeaways from Xi's Diplomacy After CPC Congress
- Xi Meets with CPC National Congress Delegates
- China Focus: Report to 20th CPC National Congress — How It Was Shaped
- (CPC Congress) CPC Elects New Central Committee, New Central Commission for Discipline Inspection
- Xi Sends Congratulations to 31st Arab League Summit
- Xi Jinping Leads CPC Leadership in Meeting the Press