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Hennion & Walsh Asset Management President and CIO Kevin Mahn analyzes Walmart’s earnings and the state of the U.S. economy on ‘Mornings with Maria.’<\/p>\n
Retail giants Walmart and Sam’s Club on Monday announced sweeping summer discounts on thousands of everyday essentials and seasonal items, a move that quickly drew political attention after President Donald Trump said the retailer acted at his administration’s request.<\/p>\n
In a news release Monday, Walmart and Sam’s Club said they are introducing nationwide price cuts to help families stretch their dollars during backyard barbecues, vacations and weekly grocery trips.<\/p>\n
The savings span several categories, including groceries, household essentials, outdoor living, toys and apparel.<\/p>\n
At Walmart, fresh sweet corn on the cob was slashed to $0.25 each from $0.68, fresh red cherries were cut to $5.63 from $11.18, and 1 lb. fresh 73% ground beef rolls were reduced to $5.94 from $6.74.<\/p>\n
WALMART LAUNCHES HARDWARE OVERHAUL, NEW KIDS BRAND IN PRIVATE-LABEL PUSH<\/p>\n
FILE – Walmart announced it is slashing prices on summer essentials. (Christopher Dilts\/Bloomberg via Getty Images \/ Getty Images)<\/p>\n
Soda prices also fell steeply, with 24-packs of Coca-Cola products dropping to $9.97 from $14.97, and 24-packs of Pepsi products dropping to $9.97 from $13.97.<\/p>\n
“Customers count on Walmart to deliver the value they need every day, and summer is no exception,” Julie Barber, executive vice president and chief merchant for Walmart U.S. wrote in a statement.<\/p>\n
Barber added Walmart is investing heavily in lowering costs on items customers shop for most, ranging from beef and fresh produce to grills, pools and summer fashion.<\/p>\n
FILE – The companies announced meat prices will be slashed dramatically. (Spencer Platt\/Getty Images \/ Getty Images)<\/p>\n
WALMART WARNS SHOPPERS COULD FACE HIGHER PRICES AS FUEL COSTS SURGE, TAX REFUNDS DRY UP<\/p>\n
Meanwhile, Sam\u2019s Club is lowering prices on more than 250 items, targeting road trip snacks, grilling essentials and summer entertaining favorites.<\/p>\n
Notable club discounts include Member’s Mark bone-in chicken wings marked down to $2.00\/lb. from $2.88\/lb., and Member’s Mark beef hot dogs reduced to $10.86 from $12.96.<\/p>\n
Ticker Security Last Change Change % WMT WALMART INC. 110.65 -1.19
\n -1.06%<\/p>\n
In a Truth Social post on Monday, President Donald Trump praised Walmart as a “truly patriotic company” and said Walmart\u2019s discounts were initiated “at my Administration’s request to celebrate our great Country’s 250th birthday.”<\/p>\n
He highlighted the ground beef price drop specifically, claiming the retailer is dropping the price “by almost 15%, among many other products.”<\/p>\n
FILE – President Donald Trump said the price cuts come after a request from his administration. (Joe Raedle\/Getty Images \/ Getty Images)<\/p>\n
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“This is a huge deal for the many millions of Americans who, smartly, shop at Walmart, which is a truly patriotic Company who loves the U.S.A.,” Trump wrote in the post. “My Administration is lowering prices that Joe Biden incompetently raised with the worst inflation crisis in history, a total disaster along with the Southern Border, the botched withdrawal from Afghanistan, and many other failures.”<\/p>\n
“Just as I promised, Oil Prices are plummeting FAST, and Gas Prices at the pump are dropping too, just like egg and Prescription Drug prices which I am bringing down by historic levels,” he continued. “Walmart is stepping up in a big and bold way, and other Retailers should follow the lead of these absolute Patriots. Together, we will make America stronger and greater than ever before!”<\/p>\n
#Walmart #Sams #Club #drop #prices #groceries #summer #essentials<\/p>\n","protected":false},"excerpt":{"rendered":"
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