Current location:politics >>
Target to lower prices on basic goods in response to inflation
politics4317People 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.“Global Gazetteer news portal”。http://panama.downmusic.org/content-42e599435.html
Related articles
Nadal returns to Roland Garros to practice amid doubts over fitness and form
politicsPARIS (AP) — Rafael Nadal returned to Roland Garros on Monday to practice and try and figure out whe ...
【politics】
Read moreFeature: Return of Chinese tourists contributes to Egypt's tourism rebound
politicsMohamed A. Salama, head of the International Tourism Offices Sector at the Egyptian Tourism Promotio ...
【politics】
Read moreXinhua Commentary: BRICS gains charm as global dynamics shift
politicsJOHANNESBURG, Aug. 22 (Xinhua) -- Seventeen years since its inception, BRICS is convening its annual ...
【politics】
Read more
Popular articles
- US overdose deaths dropped in 2023, the first time since 2018
- Kenya, World Bank unveil carbon market guidebook for enterprises
- Feature: Return of Chinese tourists contributes to Egypt's tourism rebound
- Xinhua News
- What a blast to work at NASA. Space agency is sky
- China makes significant progress in geographical indication protection
Latest articles
Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
China's Shenzhou
Roundup: Ethiopian gov't, rebels agree to ceasefire
Seasonal fishing ban lifted at some sea areas in SE China's Fujian
Burglar hurled stolen mobile phones at police from the top of 60ft high roof during nine
Xictionary: Putting People at the Center
LINKS
- Meet the super
- The glare of car headlights could be a risk for heart conditions... As ever
- Record foreign visitors to Japan reported in February
- QUENTIN LETTS: We can guess who plenty of Labour MPs would cheer in an Israel
- Exhibiting how dragon got integrated into Tibetan culture
- Iran launches large
- Raymond scores late in 3rd and OT to keep Red Wings playoffs alive with 5
- MPs are urged to finally pass the Rwanda bill after 535 migrants cross the Channel on Sunday
- Belarus, Azerbaijan to strengthen bilateral cooperation
- China releases reports on budgets, national economic and social development plans