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Walgreens joins Target, Walmart in announcing summer price cuts
FOX 32 Chicago ^

Posted on 05/31/2024 7:51:47 AM PDT by Paul46360

DEERFIELD, Ill. - Walgreens is lowering prices on hundreds of products this summer, joining other retailers like Target, Walmart, and Amazon who have announced similar promotions in an effort to lure in more cost-conscious shoppers.

The company on Wednesday announced plans to cut prices "on more than 1,300 national and store-brand products across health and wellness, personal care and seasonal categories."

In an attempt to boost its loyalty program, Walgreens said it will also bring back its "myW Days" in mid-July – a deal offering exclusive promotions for myWalgreens members.

Global Chief Financial Officer Manmohan Mahajan told analysts during a second quarter earnings call that it's still in the midst of a challenging retail environment as there is a continued "shift in discretionary spend away from the drug channel as consumers seek value."

Sales at retail stores open at least a year declined 4.3% in the quarter.

Target, Walmart, others also attempt to lure customers with sales To boost profits, Walgreens is taking a page from retail behemoths Walmart and Target as well as grocers Aldi and Amazon Fresh who have been announcing promotions in recent weeks in a bid to pull in shoppers amid high inflation, which has fallen considerably from a peak of 9.1% notched during June 2022.

Prices are still up 19.4% since January 2021, before the inflation crisis began.

Walmart U.S. CEO John Furner told analysts during an earnings call that the company has almost 7,000 rollbacks, which refers to temporary price reductions on goods.

Target also announced it was cutting prices on 5,000 popular products.

Both major retailers acknowledged that consumers are still feeling the pinch, with Target executives noting how one in three Americans are maxing out their credit cards.

Earlier this month, Aldi said it was passing along $100 million in savings by slashing prices on more than 250 items through Labor Day,while Amazon Fresh said U.S. customers can save 30% on 4,000 weekly rotating grocery items every day.


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: economy; pricecuts; prices; retail; target; walgreens; walmart
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To: Paul46360

Preparation H half price


21 posted on 05/31/2024 8:33:48 AM PDT by Vaduz
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To: chajin

Sounds like Fascism.


22 posted on 05/31/2024 8:34:31 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Paul46360
And raise them after Trump wins - causing Trumpflation.

Bastards

23 posted on 05/31/2024 8:36:08 AM PDT by FatherofFive (Islam only understands Death and Pain. Give it to them. )
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To: dfwgator

Smells like it


24 posted on 05/31/2024 8:36:41 AM PDT by 38special (The government is ruining our country!)
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To: Paul46360

Or was this orchestrated by the Biden admin to secure their re-election?


25 posted on 05/31/2024 8:37:27 AM PDT by 9YearLurker
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To: rktman

Wright!


26 posted on 05/31/2024 8:37:59 AM PDT by 9YearLurker
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To: 38special

27 posted on 05/31/2024 8:38:19 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Paul46360

Whoa - prices went up, retail sales went down? That’s just astonishing! Target in particular has learned the reality of Get Woke, Go Broke, which is part of it. But the fact is that people with maxed-out credit cards have to economize - think of them as personal loans at a 20% rate and all of a sudden Vito The Loanshark looks like an amateur.


28 posted on 05/31/2024 8:43:51 AM PDT by Billthedrill
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To: Paul46360
In an attempt to boost its loyalty program, Walgreens

In an attempt to affect the November election, Walgreens, Walmart, and Target have chosen to TEMPORARILY reduce prices, which will return to their all-time highs shortly after votes are re-re-re-counted.

29 posted on 05/31/2024 9:30:10 AM PDT by Brass Lamp
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To: Paul46360; All
Thank you for referencing that article Paul46360. Note that the following critique is directed at the referenced stores and not at you.

"THIS will be used by Biden admin to PROVE that the economy is on the rebound"


FR: Never Accept the Premise of Your Opponent’s Argument

Pro-Biden stores need to show pre-Biden prices next to their price cuts on price tags.

30 posted on 05/31/2024 9:48:21 AM PDT by Amendment10
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To: woodbutcher1963

I don’t think there’s a store left with enough people working there, especially on checkout.

Except our local Ace hardware store. I always get help there the moment I walk in.


31 posted on 05/31/2024 10:05:17 AM PDT by ProtectOurFreedom (“When exposing a crime is treated like a crime, you are being ruled by criminals” – Edward Snowden)
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To: ProtectOurFreedom
Same here. We have a great local Ace/True Value hardware store too. The owner actually owns the entire plaza it is in. He also owns a small equipment dealership that sells Echo, Ariens, Toro and Exmark. He also owns a Benjamin Moore paint store.

The rest of the plaza has an independent toy store and up until covid HAD a nice Italian restaurant.

When you walk into his hardware store there is always an employee to help you. Some have worked there for twenty years or more.

32 posted on 05/31/2024 10:39:57 AM PDT by woodbutcher1963
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To: woodbutcher1963

Sounds like our Ace owner. He is always there…works long hours and I’m sure there is lots of after-hours work after the store closes. The place is packed floor to ceiling. They are happy to order anything you need. And lots of long-time employees like yours, too.


33 posted on 05/31/2024 10:52:21 AM PDT by ProtectOurFreedom (“When exposing a crime is treated like a crime, you are being ruled by criminals” – Edward Snowden)
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To: Paul46360

People can’t afford the Bidenflation.

Yet more proof that people are struggling.


34 posted on 05/31/2024 11:02:49 AM PDT by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
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To: ProtectOurFreedom

The crazy thing is it is literally the only hardware store left around here. All the others have gone out of business because of Home Depot and Lowes.


35 posted on 05/31/2024 11:12:44 AM PDT by woodbutcher1963
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To: woodbutcher1963

Same here. Ace is only a mile away in town, but the big box stores are 7 - 15 miles away.

We’ve got one lumber yard left after having had 3 good ones here 40 years ago. Now there’s one mom & pop independent lumber yard left. Fortunately it’s a good one.


36 posted on 05/31/2024 11:14:58 AM PDT by ProtectOurFreedom (“When exposing a crime is treated like a crime, you are being ruled by criminals” – Edward Snowden)
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To: ProtectOurFreedom

Coeur d’Alene Builders Supply is a good independent company.

Badger Building in Post Falls is another good independent owner by TAL Corp.

Builder First Source is the biggest contractor yard in the country.

Ziggy’s is also pretty good.

They are all close to you.


37 posted on 05/31/2024 11:20:33 AM PDT by woodbutcher1963
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To: TheDon

Big corporations support the inexhaustible supply of cheap, exploitable labor aka open borders. During Covid, these stores remained open while small businesses were closed. Money talks.


38 posted on 05/31/2024 11:56:10 AM PDT by kabar
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To: buffyt

I’m addicted to sugar-free myself (Diet Coke or one of their other no-sugar offerings) but still manage to buy cartons with the per-can cost being 0.50 or less. 35 cents in a particularly good sale just recently.


39 posted on 05/31/2024 12:01:29 PM PDT by steve86 (Numquam accusatus, numquam ad curiam ibit, numquam ad carcerem™)
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To: woodbutcher1963

Yep, I’ve shopped at all of them. And Gibb’s Lumber, too.


40 posted on 05/31/2024 12:30:46 PM PDT by ProtectOurFreedom (“When exposing a crime is treated like a crime, you are being ruled by criminals” – Edward Snowden)
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