Target to lower prices on thousands of basic items as inflation sends customers scrounging

Target News

Target to lower prices on thousands of basic items as inflation sends customers scrounging
InflationPricesItems
  • 📰 KUTV2News
  • ⏱ Reading Time:
  • 30 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 39%
  • Publisher: 63%

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 cl

FILE - A person heads into a Target store Thursday, Jan. 11, 2024, in Lakewood, Colo. The company is slated to announce fourth-quarter financial results on Tuesday, March 5, 2024, hours before it holds its annual meeting with investors and analysts. The results and executive comments should offer more clues on shopper behavior in a still tough economic environment.

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.Study shows monthly rent in Salt Lake City is 89% cheaper than monthly mortgage Inflation has been unexpectedly high in the first three months of this year after having steadily dropped in the second half of 2023. The elevated readings in early 2024 had dimmed hopes that the worst bout of inflation in four decades was being tamed and raised concerns that prices could spike again.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

KUTV2News /  🏆 281. in US

Inflation Prices Items Customers Brands Sales Groceries

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GOP Senators Threaten ICC: 'Target Israel and We Will Target You'GOP Senators Threaten ICC: 'Target Israel and We Will Target You'Jake Johnson is a senior editor and staff writer for Common Dreams.
Read more »

Goldman is bullish long-term on nuclear power and uranium. This stock is a key way to gain exposureGoldman is bullish long-term on nuclear power and uranium. This stock is a key way to gain exposureGoldman Sachs raised Cameco's price 12-month stock price target by $1.
Read more »

‘The Price of Beauty:' Americans' mental health impacted by pursuit of beauty‘The Price of Beauty:' Americans' mental health impacted by pursuit of beautyAmericans’ obsession with our appearance is growing, and experts worry about the toll its taking on our mental health.
Read more »

Working-class Americans paying a high price for Biden's energy policiesWorking-class Americans paying a high price for Biden's energy policiesIt is with no pleasure that I found a media outlet recently acknowledge what The Heartland Institute has long argued: President Biden's energy and climate policies have increased Americans' energy costs.
Read more »

Morgan Stanley throws in the towel: S&P 500 price target raised by 20%Morgan Stanley throws in the towel: S&P 500 price target raised by 20%Morgan Stanley throws in the towel: S&P 500 price target raised by 20%
Read more »

GBP/USD Price Analysis: Rallies toward 1.2700, bulls’ target YTD highGBP/USD Price Analysis: Rallies toward 1.2700, bulls’ target YTD highThe British Pound registers gains of 0.21% against the US Dollar, although higher US Treasury yields failed to underpin the Greenback.
Read more »



Render Time: 2025-04-05 00:14:49