7 Major Retailers Bragging About Price Cuts | Old North State Wealth News
Connect with us

Personal Finance

7 Major Retailers Bragging About Price Cuts

Published

on

Prostock-studio / Shutterstock.com

At long last, a handful of major retailers are offering a little price relief to inflation-weary shoppers.

In the past couple of months, prices have started to come down at some of America’s favorite stores.

Time will tell whether this is simply a nice break in the gloom or the beginning of a longer-term trend. For now, here is a list of the big retailers that are suddenly bragging about price cuts.

Target

Target store sign
Jonathan Weiss / Shutterstock.com

Target recently announced that it was cutting the prices on 5,000 items that people frequently buy. Thus far, price cuts have been applied to 1,500 goods, and more reductions will follow throughout the summer.

The retailer says prices have fallen on the following products, as well as others:

  • Good & Gather Unsalted Butter (1 lb) now $3.79 (was $3.99)
  • Good & Gather Organic Baby Spinach (5 oz) now $2.99 (was $3.29)
  • Prime Hydration Sports Drinks (16.9 fl oz) now $1.99 (was $2.19)
  • Jack’s Frozen Pepperoni Pizza (14.3 oz) now $3.99 (was $4.19)
  • Thomas’ Plain Bagels (20 oz) at $3.79 (from $4.19)
  • Pepperidge Farm Goldfish Cheddar Flavor Blasted Crackers (6.6 oz) at $2.79 (from $2.99)
  • Good & Gather Sea Salt Roasted Nuts (9.5 oz) now $5.29 (was $6.89)
  • Clorox Scented Wipes (75 ct) now $4.99 (was $5.79)
  • Huggies Baby Wipes (16 ct) now $.99 (was $1.19)
  • Aveeno SPF 50 Sunscreen (3 fl oz) now $13.19 (was $13.89)
  • Persil Liquid Laundry Detergent (100 fl oz) now $12.99 (was $13.69)
  • Purina One Chicken & Gravy Cat Food (13 oz) now $1.99 (was $2.39)

Aldi

Aldi grocery store
Jonathan Weiss / Shutterstock.com

Grocery chain Aldi is lowering prices on more than 250 items ranging from barbecue essentials to travel-ready snacks and healthful foods.

Aldi says price cuts will amount to $100 million in savings between now and Labor Day.

Examples include:

  • Simply Nature Chia Seeds: $4.89 (was $5.45)
  • Simms Summer Sausage: $4.19 (was $4.49)
  • Benton’s Cookie Thins: $2.69 (was $2.99)
  • Season’s Choice: Frozen French Fries: $2.49 (was $2.79)
  • Season’s Choice: Frozen Blueberries: $3.59 (was $3.99)
  • Emporium Selection Cracker Cuts: $2.69 (was $2.89)
  • Southern Grove Sunflower Kernels: $2.79 (was $3.39)
  • Park Street Deli: Pulled Pork/Pulled Chicken: $6.99 (was $7.49)

IKEA

Ikea store
Kit Leong / Shutterstock.com

At the end of April, IKEA said it was trying to bring prices closer to pre-pandemic levels. The first push in this direction actually began last September.

When Ikea made the April announcement, it said customers could expect to see the results of the latest round of price cuts “over the coming weeks.”

Some of the items that might fall in price include:

  • Carpets
  • LED bulbs
  • Faucets
  • Other products that help save energy and water

Giant Food

Giant grocery store
Kristi Blokhin / Shutterstock.com

Regional grocery chain Giant Food is lowering the price of hundreds of items that fall under its selection of private brands. Such brands include:

  • Giant
  • Nature’s Promise
  • Taste of Inspirations
  • Smart Living
  • Always My Baby
  • Companion
  • CareOne

Giant Food has locations in Delaware, Maryland, Virginia and Washington, D.C.

Michaels

Michaels craft store sign
George Sheldon / Shutterstock.com

Micheals has announced price cuts on more than 5,000 arts, crafts, home decor and DIY items. Examples of these reductions include:

  • Paint, markers and pens, up to 15% lower
  • Adhesive and permanent vinyl, papers, stickers, and unfinished wood letters, up to 20% lower
  • Canvases, up to 35% lower
  • T-shirts, up to 40% lower

Costco

Costco Wholesale sign at dusk in Redmond, Washington
Ian Dewar Photography / Shutterstock.com

During an earnings call in March, Costco CFO Richard Galanti announced that the retailer would trim prices on select items. Galanti offered a few examples, including:

  • Reading glasses: $16.99 (were $18.99)
  • Kirkland batteries 48-count: $15.99 (was $17.99)
  • Pellegrino 24-count: $14.99 (was $16.99)

Galanti said customers could expect additional cuts in the price of frozen fruit, sports goods, and lawn and gardening products.

Walmart

Walmart store
Idealphotographer / Shutterstock.com

Back in February, Walmart president and CEO Doug McMillon used an earnings call to signal the retailer’s plans to lower prices.

Late in 2023, McMillon had said it was possible that the price of dry groceries and consumables would “start to deflate in the coming weeks and months.”

Overall, McMillon forecast that Walmart might be entering a “deflationary environment” — which would be welcome news for consumers struggling to keep up with surging inflation in recent years.

Get smarter with your money!

Want the best money-news and tips to help you make more and spend less? Then sign up for the free Money Talks Newsletter to receive daily updates of personal finance news and advice, delivered straight to your inbox. Sign up for our free newsletter today.

Read the full article here

Trending

Copyright © 2022 ONSWM News. Content posted on the Old North State Wealth News page was developed and produced by a third party news aggregation service. Old North State Wealth Management is not affiliated with the news aggregation service. The information presented is believed to be current. It should not be viewed as personalized investment advice. All expressions of opinion reflect the judgment of the authors on the date the articles were published. The information presented is not an offer to buy or sell, or a solicitation of any offer to buy or sell, any of the securities discussed.