Walmart price cuts: Retailer lowers prices as inflation slows - Axios

Aug 15, 2024 · Walmart is slashing prices amid broader signs that the inflation crisis is over. Why it matters: The nation's biggest retailer is aiming to extend its competitive advantage by discounting products at a time when consumers are looking for deals.

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May 23, 2024 · Walmart saw first-quarter sales at stores open at least a year climb 3.8% from the prior year, in part thanks to its ability to keep prices low even as inflation remains sticky.

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May 23, 2024 · Walmart saw first-quarter sales at stores open at least a year climb 3.8% from the prior year, in part thanks to its ability to keep prices low even as inflation remains sticky.

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Why is Walmart reducing prices?

Walmart is reducing prices across the store to appeal to customers looking for a deal. CEO Doug McMillion said in the second quarter earnings call Thursday the company has slashed costs on 7,200 items from various categories. The purpose of the price cuts are to maintain "competitive price gaps" with rival retailers. ...

Why is Walmart slashing prices?

Walmart is slashing prices amid broader signs that the inflation crisis is over. Why it matters: The nation's biggest retailer is aiming to extend its competitive advantage by discounting products at a time when consumers are looking for deals. ...

Why did Walmart cut prices?

Between the lines: Walmart said today that it has cut prices on 7,200 products in a bid to maintain what it calls "competitive price gaps" with its rivals. The company also raised its forecast for its fiscal year, saying it projects sales growth of 3.75% to 4.75%. Consumers, the company said, are "generally stable." ...

Is Walmart lowering prices to pre-inflation levels?

So much so that the grocery store is dropping prices to pre-inflation levels. More recently, the store has now announced it will be officially slicing the prices of 7,200 products within their stores. In the second-quarter earnings call, Walmart CEO Doug McMillion announced the lowering of the prices on these products. ...

Why are Target & Walmart prices dropping?

Prices are dropping for thousands of items at Target and Walmart, as US retailers’ results indicate fatigue among some consumers after three years of high inflation. Target this week said it would lower prices this summer for 5,000 items ranging from milk to paper towels in an effort to stay competitive. ...