Get ready for hot discount summer — see the list of stores slashing prices
- Inflation has slowed in recent months, but prices are still high in many consumer categories.
- Heading into the summer, retailers are beginning to offer savings, especially in the grocery aisles.
- Here's a roundup of major stores slashing prices, including Amazon, Walmart, and Target.
The weather is heating up and inflation is cooling down, but prices are still high in many consumer categories.
Several years of price increases have left many household budgets in tight shape, with shoppers increasingly looking for deals on groceries and other essentials.
As we head into the summer, retailers are beginning to offer savings in a big way, with discounts of up to 30% on thousands of products.
Here's a roundup of major retailers slashing prices:
Amazon announced it's dropping prices on about 4,000 items — some by up to 30% — at its Fresh chain, with discounts varying week-by-week in stores and online.
Walmart US CEO John Furner said the retail giant has nearly 7,000 rollbacks going into the summer, a 45% increase over the count for the same time last year.
Target announced it's cutting prices on 5,000 commonly purchased items throughout the summer that will collectively save shoppers "millions of dollars," CEO Brian Cornell said.
Walgreens said it would offer discounts on 1,300 products across health and wellness, personal care, and seasonal categories this summer. The pharmacy chain will also bring back promotional events including MyW Days in mid-July.
While Costco hasn't announced a large batch of seasonal cuts, the CFO Gary Millerchip said the wholesale club holds monthly budget meetings where the various regions share recent price cuts, such as the past quarter's markdowns on pine nuts and frozen shrimp.
Discount grocer Aldi is lowering prices on more than 250 items, focused on picnic necessities, grilling essentials, travel-ready snacks, and healthier foods. The company says it will save shoppers up to $100 million through Labor Day.