{"id":1899,"date":"2024-05-30T17:23:10","date_gmt":"2024-05-30T17:23:10","guid":{"rendered":"https:\/\/ventil.rs\/blog\/business\/price-cut-wars-walgreens-follows-target-and-walmart-slashing-prices-on-1500-items\/"},"modified":"2024-05-30T17:23:10","modified_gmt":"2024-05-30T17:23:10","slug":"price-cut-wars-walgreens-follows-target-and-walmart-slashing-prices-on-1500-items","status":"publish","type":"post","link":"https:\/\/ventil.rs\/blog\/business\/price-cut-wars-walgreens-follows-target-and-walmart-slashing-prices-on-1500-items\/","title":{"rendered":"Price cut wars: Walgreens follows Target and Walmart, slashing prices on 1,500 items"},"content":{"rendered":"


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For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails<\/h3>\n

Sign up to our free breaking news emails<\/h3>\n<\/p>\n<\/div>\n<\/div>\n<\/div>\n

Walgreens<\/a> has become the latest retailer to try to lure customers with new deals, slashing prices<\/a> on 1,500 items.<\/p>\n

The cuts will impact everything from snacks to toiletries and even Squishmallows, Walgreens announced Wednesday, as it follows the lead of other major brands<\/a> including Amazon<\/a>, Walmart<\/a>, Target<\/a> and Aldi, which have all reduced prices in recent days. <\/p>\n

A jar of One A Day gummy vitamins will now cost $11.99, down from $13.49, while the price of a bag of sour cream and onion potato chips from the Walgreens-owned Nice! brand now costs $1.99, down from $2.79. The price of a 16-inch Squishmallow plush has gone from $24.99 to $20.<\/p>\n

Brand-name and store-brand products, including Walgreens\u2019 health and wellness, personal care and seasonal lines, are also included in the price cuts. The price cuts will apply in stores and online.<\/p>\n

\u201cWalgreens understands our customers are under financial strain and struggle to purchase everyday essentials,\u201d Tracey D. Brown, Walgreens\u2019 retail president and chief customer officer, said. \u201cWe continue to be committed to our customers by lowering prices on over a thousand additional items, something we\u2019ve been doing since October of 2023.\u201d<\/p>\n

Walgreens, which operates nearly 9,000 locations across the US, has been cutting prices since October.<\/p>\n

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Walgreens has become the latest retailer to slash its prices (Copyright 2024 The Associated Press, All Rights Reserved)<\/span><\/figcaption><\/figure>\n<\/div>\n

The move comes after brands such as Amazon, Walmart, Target and Aldi announced they were slashing prices in order to boost sales amid persistent inflation.<\/a><\/p>\n

Target announced plans last week to reduce prices on 5,000 popular items throughout the summer, ranging from everyday grocery items to household essentials.<\/a><\/p>\n

Amazon Fresh is also discounting 4,000 items\u2014both name brand and its own brand products\u2014by up to 30 percent across its online and in-person stores.<\/a><\/p>\n

This will include frozen food, seafood, meat and pasta, though the selections will rotate weekly, according to CNN.<\/p>\n

Meanwhile, Walmart has cut prices on nearly 7,000 products across food categories, Walmart US CEO John Furner said in an earning call this month, though he did not specify which products have had prices slashed.<\/p>\n

Aldi also announced plans earlier this month to cut prices on more than 250 items, including meat, frozen foods and snacks. The discount supermarket chain said they hoped the decision would \u201cpass along $100 million in savings through Labor Day.\u201d<\/p>\n

The Biden administration has been putting pressure on retailers to lower their prices amid persistent inflation in recent years. Following Target\u2019s announcement, the White House tweeted: \u201cPresident Biden called on grocery chains making record profits to lower prices for consumers \u2013 and they\u2019re answering the call.\u201d<\/p>\n

Consumer costs are 20 to 30 percent higher than they were three years ago, according to CNN, with inflation still above pre-pandemic levels.<\/p>\n

Sarah Wyeth, managing director, retail and consumer with S&P Global Ratings, told CNN that income has failed to rise in line with price hikes, presenting a challenge to retailers.<\/p>\n

\u201cThere\u2019s just less dollars for consumers to spend,\u201d she said, adding that retailers must now shake consumers out of a frugal mindset.<\/p>\n<\/div>\n


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For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Walgreens has become the latest retailer to try to lure customers with new deals, slashing prices on 1,500 items. The cuts will impact everything from snacks to toiletries…<\/p>\n

Read More “Price cut wars: Walgreens follows Target and Walmart, slashing prices on 1,500 items”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":1900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/static.independent.co.uk\/2024\/02\/26\/08\/Amazon_Dow_80316.jpg?quality=75&width=1200&auto=webp","fifu_image_alt":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-1899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nPrice cut wars: Walgreens follows Target and Walmart, slashing prices on 1,500 items - Breaking News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ventil.rs\/blog\/business\/price-cut-wars-walgreens-follows-target-and-walmart-slashing-prices-on-1500-items\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Price cut wars: Walgreens follows Target and Walmart, slashing prices on 1,500 items\" \/>\n<meta property=\"og:description\" content=\"For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Walgreens has become the latest retailer to try to lure customers with new deals, slashing prices on 1,500 items. 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