Walgreens is lowering prices on products, joining other retailers like Target, Walmart, and Amazon who have announced similar plans to lure in more cost-conscious shoppers.
Walgreens is lowering prices on hundreds of products this summer, joining other retailers like Target, Walmart, and Amazon who have announced similar promotions in an effort to lure in more cost-conscious shoppers. The company on Wednesday announced plans to cut prices "on more than 1,300 national and store-brand products across health and wellness, personal care and seasonal categories.
To boost profits, Walgreens is taking a page from retail behemoths Walmart and Target as well as grocers Aldi and Amazon Fresh who have been announcing promotions in recent weeks in a bid to pull in shoppers amid high inflation, which has fallen considerably from a peak of 9.1% notched during June 2022. Prices are still up 19.4% since January 2021, before the inflation crisis began.Walmart U.S.
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