Walmart and Target plan to begin offering deals and price matching offers earlier this year to keep up with Americans pressed by soaring inflation and looking for ways to take the sting out of holiday shopping. walmart target inflation kprc2
FILE - A Walmart associate works at a Walmart Neighborhood Market, Wednesday, April 24, 2019, in Levittown, N.Y. The nations two major retailers _ Walmart and Target_ plan to push deals and other marketing gimmicks for the holiday shopping season earlier than last year as soaring inflation spurs customers to get a jump start on gift giving.
The holiday sales strategies, announced on Thursday, come amid what is expected to be slower holiday sales growth compared with a year ago. AlixPartners, the global consulting firm, forecasts that holiday sales will be up anywhere from 4% to 7%, far below last year's growth of 16%. The current inflation rate of 8.3% means retailers would see a decrease in real sales.
Walmart, based in Bentonville, Arkansas, is offering a wider assortment of items this year with more new brands and more Walmart-exclusives than a year ago, according to Tom Ward, the company's chief e-commerce officer. The company is deepening discounts on such items as toys, home goods, electronics and beauty.
Target has one of the most generous price-matching offers in retail, countering offers from more than two dozen other stores. That also applies to purchases at Target.com.
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Walmart, Target begin holiday early to ease inflation stingWalmart and Target plan to begin offering holiday deals and price matching offers earlier.
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Walmart, Target begin holiday early to ease inflation stingWalmart and Target plan to begin offering holiday deals and price matching offers earlier.
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Walmart, Target begin holiday early to ease inflation stingNEW YORK (AP) — Walmart and Target plan to begin offering deals and price matching offers earlier this year to keep up with Americans pressed by soaring inflation and looking for ways to ease the potential sting of holiday shopping.
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Walmart, Target begin holiday early to ease inflation stingWalmart and Target plan to begin offering deals and price matching offers earlier this year to keep up with Americans pressed by soaring inflation.
Read more »
Walmart, Target begin holiday early to ease inflation stingWalmart and Target plan to begin offering deals and price matching offers earlier this year to keep up with Americans pressed by soaring inflation and looking for ways to ease the potential sting of holiday shopping.
Read more »
Walmart, Target begin holiday early to ease inflation stingWalmart and Target plan to begin offering deals and price matching offers earlier this year to keep up with Americans pressed by soaring inflation and looking for ways to ease the potential sting of holiday shopping. For two years now, shoppers have started preparing for the holidays early but last year it was because the global supply chain had been scrambled as nations began to emerge from the pandemic. The holiday sales strategies, announced on Thursday, come amid what is expected to be slower holiday sales growth compared with a year ago.
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