Reported 5 months ago
Major retailers, including Walmart and Target, are intensifying their discounting efforts heading into the summer of 2024 to attract inflation-weary shoppers. The discounts, mainly on groceries, aim to provide relief to consumers struggling with higher prices for basic necessities amidst the ongoing inflation. Companies like Walmart, Target, Aldi, and Arko Corp. are offering price cuts on various products, focusing on essential items that people use daily. These aggressive price reductions are a response to consumers becoming more price-conscious and selective in their purchases, looking for deals and store brands over more expensive national brands.
Source: YAHOO