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Amazon is slashing prices on 4,000 grocery items, joining Target and Walmart [CNN]
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Last walmart inc. earnings: 2/18 06:00 am
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US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
The online grocery delivery service, which also operates a handful of physical stores , said its shoppers in the United States will see discounts every day of up to 30% on 4,000 items in-store and online, and those markdowns will rotate weekly. A number of big retailers in recent weeks, including Target and Walmart, have lowered their prices as they strive to pull consumers into stores and online to spend more freely on both essential purchases such as food and more discretionary purchases like new clothes, decorative items for the home, arts and crafts or hobby kits. Retailers are feeling jittery after they jacked up prices as inflation spiked in recent years. But now, households aren't shopping like they used to, and high prices are forcing Americans to choose between wants and needs. In the game of chicken between stores and shoppers, it's the stores that finally appear to be yielding. That's a problem not just for individual shoppers or even big retail chains but for the wh
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