Major retailers are offering summer deals to entice inflation-weary shoppers
6 months, 3 weeks ago

Major retailers are offering summer deals to entice inflation-weary shoppers

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “The consumer really has had enough of inflation, and they’re starting to take action in terms of where they shop, how they shop, the amount they buy.” While discounts are an everyday tool in retail, Saunders said these aggressive price cuts that cover thousands of items announced by a number of retailers represent a “major shift” in recent strategy. But earlier this month, the nation’s largest retailer expanded its price rollbacks — temporary discounts that can last a few months — to nearly 7,000 grocery items, a 45% increase. Not to be outdone by its closest competitor, Target last week cut prices on 1,500 items and said it planned to make price cuts on another 3,500 this summer. Low-cost supermarket chain Aldi said earlier this month that it was cutting prices on 250 products, including favorites for barbecues and picnics, as part of a promotion set to last through Labor Day.

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History of this topic

Target Cuts Prices on 2,000 Items in a Price War Ahead of Holiday Season
2 months ago

Target Cuts Prices on 2,000 Items in a Price War Ahead of Holiday Season

CNN  

Target is slashing prices on 2,000 items ahead of the holiday shopping season. Some prices have dropped effective immediately on a number of items, including home goods, beauty products, food, beverages and toys. The new round of cuts affects name brands like Lego and Coffee Mate, as well as its house brands. Target will continue the price cuts through December.

Target slashed prices. It paid off
4 months ago

Target slashed prices. It paid off

CNN  

New York CNN — US consumers, strained by years of higher prices and elevated interest rates, are changing their shopping patterns. Target’s sales at stores open at least one year increased 2% last quarter, and its profit boomed 36%. Walmart’s US sales at stores open for at least one year increased 4.2% last quarter. Target’s core middle-class customer base has …

Big-Box Retailers Can’t Raise Prices Forever
6 months, 2 weeks ago

Big-Box Retailers Can’t Raise Prices Forever

Bloomberg  

Over the past year, inflation and its cousin “greedflation” have been on the minds of Americans —but what direction are prices really going in? Bloomberg Businessweek columnist Amanda Mull considers the idea that corporations have made it all so opaque, consumers might never know why anything is priced the way it is. If this newsletter was forwarded to you, Way …

Major retailers are offering summer deals to entice inflation-weary shoppers
6 months, 3 weeks ago

Major retailers are offering summer deals to entice inflation-weary shoppers

Associated Press  

NEW YORK — Americans who spend Memorial Day scouting sales online and in stores may find more reasons to celebrate the return of warmer weather. “The consumer really has had enough of inflation, and they’re starting to take action in terms of where they shop, how they shop, the amount they buy.” While discounts are an everyday tool in retail, …

Why Target, Aldi, Walmart and others are really lowering prices for supermarket staples
7 months ago

Why Target, Aldi, Walmart and others are really lowering prices for supermarket staples

Daily Mail  

Think Target - which this morning reported another drop in its sales - and other supermarkets are lowering grocery prices just to help you? Target said Monday it is lowering prices on 5,000 everyday products from milk to diapers as the big-box retailer looks to win customers from Walmart. 'We know consumers are feeling pressured to make the most of …

Target is cutting prices on 5,000 items including milk, butter and pet food
7 months ago

Target is cutting prices on 5,000 items including milk, butter and pet food

NPR  

Target is cutting prices on 5,000 items including milk, butter and pet food Enlarge this image toggle caption Joe Raedle/Getty Images Joe Raedle/Getty Images Target says it is dropping the prices of 5,000 common items, joining a growing list of stores trying to draw inflation-weary shoppers. Target's list of price cuts, posted on Monday, includes "milk, meat, bread, soda, fresh …

Target to lower prices on thousands of basic items as inflation sends customers scrounging for deals
7 months ago

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

Associated Press  

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. 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 …

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