Walmart, other retailers, cutting prices — PYMNTS.com

Photo by Kenny Eliason on Unsplash

Walmart and other retailers are cutting prices in hopes of attracting cash-strapped consumers:

Walmart has been actively engaging in price-cutting strategies to attract shoppers. The company reported a 45% increase in its grocery “rollbacks” in April, along with the introduction of a new premium grocery brand featuring items priced under $5, per the report.

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