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. |
The IsraelTens of thousands protest against Mexico's president in the main square of Mexico CityThe top 10 California colleges where students earn back their tuition within a yearKristen Faulkner bounces back from time trial disappointment to win US cycling road race titleHyderabad stays in contention for 2nd place in IPL with 4The Senate filibuster is a hurdle to any national abortion bill. Democrats are campaigning on itPreakness winner Seize the Grey is likely running in the 1st Belmont at SaratogaSt. Pauli wins German second division title ahead of promotion to BundesligaSt. Pauli wins German second division title ahead of promotion to BundesligaPacers score 39 points in first quarter vs. Knicks to set a Game 7 record