America’s career coach Ken Coleman joins ‘The Big Money Show’ to provide advice on childcare costs, cutting spending, and what skills this generation needs most.
Major retail behemoths from Walmart, Target, Aldi to Amazon Fresh, have been cutting prices in a bid to entice price-conscious consumers and drive sales. This cost-cutting trend has raised questions about what it means for the overall economy.
But industry analysts tell FOX Business that this isn’t necessarily an indication that inflation is getting better. Rather, the price cuts are more indicative of how retailers are trying to compete in a heavily promotional environment.
Last week, Walmart U.S. CEO John Furner told analysts during an earnings call that the company has almost 7,000 rollbacks, which refers to temporary price reductions on goods.
ALDI CUTTING PRICES ON HUNDREDS OF ITEMS TO FIGHT ‘STUBBORN…
