Biggest US retailers cut prices as inflation hits shoppers

yahoo Finance

Prices are dropping for thousands of items at Target and Walmart, as US retailers’ results indicate fatigue among some consumers after three years of high inflation.

Joe Feldman, an analyst at Telsey Advisory Group, said Target was probably motivated to keep pace with Walmart. “What’s interesting is it’s likely to expand to the rest of retail, given Walmart and Target set the tone on pricing,” he added.

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