The warehouse club has some surprising news for members that might win it some more business.
Since the covid pandemic hit, retailers have offered many reasons for raising prices, ranging from supply-chain problems to increased labor costs to the easy-to-blame inflation.
Supply-chain issues are real but they also hit companies in different ways. The bigger players, including Walmart, Target, and Costco, had the buying power to avoid certain problems. When products were in short supply, those chains got their orders first, leaving smaller players struggling for higher-priced alternatives.
That's not to say that supply-chain issues did not drive prices higher at these massive retailers, but the companies also had some levers to fight it. "As I look at the remainder of the year, our immediate focus is on getting product costs and retails down to fight inflation, which will help with mix, improving execution of pickup and delivery orders; expense management; and inventory management by item and category," Walmart Chief Executive Doug McMillon said during hisWhile still citing inflation as a major problem, Walmart has celebrated its own efforts to keep prices for certain products in check.
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