Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap Major retailers are offering summer deals to entice inflation !

Major retailers are offering summer deals to entice inflation

Time:2024-05-29 05:09:25 source:Planet Perspective news portal

NEW YORK (AP) — Americans who spend Memorial Day scouting sales online and in stores may find more reasons to celebrate the return of warmer weather. Major retailers are stepping up discounts heading into the summer months, hoping to entice inflation-weary shoppers into opening their wallets.

Target, Walmart and other chains have rolled out price cuts — some permanent, others temporary — with the stated aim of giving their customers some relief. The reductions, which mostly involve groceries, are getting introduced as inflation showed its first sign of easing this year but not enough for consumers who are struggling to pay for basic necessities as well as rent and car insurance.

The latest quarterly earnings reported by Walmart, Macy’s and Ralph Lauren underscored that consumers have not stopped spending. But multiple CE0s, including the heads of McDonald’s, Starbucks and home improvement retailer Home Depot, have observed that people are becoming more price-conscious and choosy. They’re delaying purchases, focusing on store brands compared to typically more expensive national brands, and looking for deals.

Related information
  • Unbeaten Knights beat winless Warriors 5
  • Google hit with fine for breaching French news deal
  • Business social credit regulations revised
  • Chinese private space company joins Taobao to experiment delivering on
  • As Rishi Sunak pledges to re
  • Xi'an to host Digital Silk Road Development Forum
  • Bamboo dance competition held at middle school in Hainan
  • AI begins to feature prominently in 2024 Hurun Global Rich List: report
Recommended content
  • The very privileged past of movie theater madman revealed
  • Traditional dance helps reduce poverty in Shannan, Tibet
  • China has 1.27 million registered drones in 2023
  • China's booming online audio and video industry tops 1 billion users
  • Bank Holiday fun
  • Traditional dance helps reduce poverty in Shannan, Tibet