Target joins other retailers and other major businesses moving to slash prices as inflation-weary consumers grow thriftier.
Target said Monday it plans to slash the price of bread, coffee, diapers and thousands of other everyday items this summer, joining other retailers looking to kickstart business by catering to inflation-weary consumers.Target is cutting its prices because 'consumers are feeling pressured to make the most of their budget,' Executive Vice President Rick Gomez said in a statement.
Although inflation continues to ease and overall consumer spending has remained solid this year, recent economic signals suggest Americans are becoming more frugal. The median rise in monthly household spending in April fell to 4.6%, the lowest reading in three years, according to data from the Federal Reserve Bank of New York.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
GOP Senators Threaten ICC: 'Target Israel and We Will Target You'Jake Johnson is a senior editor and staff writer for Common Dreams.
Les mer »
Goldman 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.
Les mer »
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%
Les mer »
GBP/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.
Les mer »
DOT Soars 4% Daily as the Bulls Target This Level Next (Polkadot Price Analysis)Crypto Blog
Les mer »
Morgan Stanley: Valuations appear rich, reaffirms 4500 price target on S&P 500Morgan Stanley: Valuations appear rich, reaffirms 4500 price target on S&P 500
Les mer »