Target announced it's lowering everyday regular prices on around 5,000 frequently shopped items, as inflation cuts into household budgets and more Americans pay closer attention to their spending.
Target announced it's lowering everyday regular prices on thousands of frequently shopped items – 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.
Many of them have switched to private label brands sold by Target and other 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.Target is very cognizant of the spending pullback by shoppers and in March reported its first annual decline in sales in seven years.
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