Walgreens announces price cuts on 1,300 items amid ongoing consumer spending fatigue
Walgreens announced Wednesday it would continue to cut prices on some 1,300 items — the latest company to pivot to value amid signs U.S. consumers are experiencing spending fatigue.
Walgreens announced Wednesday it would continue to cut prices on some 1,300 items — the latest company to pivot to value amid signs U.S. consumers are experiencing spending fatigue.
The pharmacy chain said in a statement announcing a "summer of savings" the lower prices were in response to consumers ongoing struggles with elevated inflation rates that continue to bedevil the U.S. economy.
“Walgreens understands our customers are under financial strain and struggle to purchase everyday essentials," said Tracey D. Brown, EVP, President, Walgreens Retail & Chief Customer Officer. "We continue to be committed to our customers by lowering prices on over a thousand additional items, something we’ve been doing since October of 2023."
Walgreens previously pointed to a "challenging" retail environment when it announced its quarterly earnings in March.
Among the price cuts highlighted by the company:
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