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Walgreens lowering prices for the summer and beyond, joining Michaels, Target and others

Posted on 6/3/24 at 6:40 am
Posted by CarolinaGamecock99
Member since Apr 2015
23655 posts
Posted on 6/3/24 at 6:40 am
quote:

Walgreens said Wednesday it is lowering prices for the summer and beyond on 1,300 items, including snacks and feminine products, joining Michaels, Target and other retailers looking to cater to inflation-weary consumers.

Retailers have rolled out price cuts — some permanent, others temporary — with the stated aim of giving their customers some relief. The reductions are being introduced as inflation showed its first sign of easing this year but not enough for consumers who are struggling to pay for basic necessities as well as rent and car insurance.


quote:

Retailers are lowering prices as the U.S. economy shows signs of slowing. Although inflation continues to ease and overall consumer spending has remained solid this year, recent economic signals suggest Americans are becoming more frugal. The median rise in monthly household spending in April fell to 4.6%, the lowest reading in three years, according to data from the Federal Reserve Bank of New York.

LINK
Posted by Hat Tricks
Member since Oct 2003
28772 posts
Posted on 6/3/24 at 6:44 am to
In other words, they’ve all been gouging us and blaming it on other things.
Posted by Tarps99
Lafourche Parish
Member since Apr 2017
9757 posts
Posted on 6/3/24 at 6:48 am to
Unfortunately they are liable to make up any price cuts by changing your copay amount for prescriptions or altering the PBM scheme.

I never understood why places like Walmart have free prescriptions with insurance or prescriptions that cost 4 dollars for generics w/o insurance while the same meds at Walgreens was 10-15 dollars with insurance.
Posted by aTmTexas Dillo
East Texas Lake
Member since Sep 2018
19060 posts
Posted on 6/3/24 at 6:49 am to
Are these companies doing this as a favor to Biden? One thing most all can agree to is a trip to the box or grocery store is expensive. I hate being paranoid but perhaps these companies are being "encouraged" to lower prices until Christmas shopping time.
Posted by PrimeTime Money
Houston, Texas, USA
Member since Nov 2012
27687 posts
Posted on 6/3/24 at 6:53 am to
The prices at drugstores like CVS and Walgreens are outrageous.

I recently stopped at CVS to grab a couple things. A little bottle of hand lotion and some vitamins. At the regular grocery store, the lotion is like $3 and the vitamins are $10. At CVS, the lotion was over $7 and the vitamins were $24.

Absolutely insane. I said screw that. I was expecting it to be a few bucks more expensive overall than the grocery, but the difference in price was outrageous.
Posted by Purple Spoon
Hoth
Member since Feb 2005
19273 posts
Posted on 6/3/24 at 6:56 am to
Walgreens stock is down 50% year over year. They are probably just trying to save their arse.
Posted by Mo Jeaux
Member since Aug 2008
59752 posts
Posted on 6/3/24 at 6:56 am to
quote:

I never understood why places like Walmart have free prescriptions with insurance or prescriptions that cost 4 dollars for generics w/o insurance while the same meds at Walgreens was 10-15 dollars with insurance.


You have never understood how a company with a market cap of $530 billion can offer lower prices on some items than a company with a market cap of $14 billion?
Posted by Fat and Happy
Baton Rouge
Member since Jan 2013
18534 posts
Posted on 6/3/24 at 7:01 am to
This is exactly what the summer of hope is about.

Lower prices, lower the shootings.
Posted by CalcuttaTigah
Member since Jul 2009
899 posts
Posted on 6/3/24 at 7:01 am to
Went to the lake for Memorial Day and noticed a bag of chips on the kitchen counter was $7.29 which was actually purchased from Target. A bag of effing potato chips. Seems to be 100% increase from pre-pandemic if I had to assume.

Think about the inputs…labor water and fuel to grow harvest and transport potatoes, manufacturing machines which are the same ones they’ve probably been using for decades, etc. Unsure whether it is Lays or Target but none these inputs have gone up at the rate that their pricing has.

They definitely have been gouging us.
Posted by Riverside
Member since Jul 2022
5113 posts
Posted on 6/3/24 at 7:24 am to
The drug stores have been getting killed by shoplifting in Blue cities. Their product shrinkage costs are why the prices are so high. We pay indirectly for those who steal.
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
74924 posts
Posted on 6/3/24 at 7:26 am to
People stopped buying so they stopped gouging.
Posted by StringedInstruments
Member since Oct 2013
19761 posts
Posted on 6/3/24 at 7:27 am to
quote:

Are these companies doing this as a favor to Biden?


I have no idea.

But the Biden administration will 100% use this as “evidence” that they need to be re-elected.

Inflation numbers will magically drop as well.
Posted by real turf fan
East Tennessee
Member since Dec 2016
10118 posts
Posted on 6/3/24 at 7:31 am to
If they include Tecnu (poison ivy wash) we'd be interested. Snacks, not so much.
Posted by lsufanva
sandston virginia
Member since Aug 2009
13081 posts
Posted on 6/3/24 at 7:32 am to
fricking potato chips. This has been my biggest bugaboo since prices ballooned. Im a Kroger shopper and it baffles me how the regular, everyday low price of a bag of Frito Lay brand chips are $6.59 yet one week a month they are on sale for 5 bags for $10. Now I get deals and price favors for special sales but this isn't special its routine. My question, if you're making enough to satisfy at $2 a bag, why are they $6.49 on a regular day? I don't care how you frame it, in no way, shape or form can Kroger or anyone else(Wal Mart isn't much better) justify a $4 price difference as a special. They're gouging plain and simple.
Posted by St Augustine
The Pauper of the Surf
Member since Mar 2006
68774 posts
Posted on 6/3/24 at 7:34 am to
quote:

The reductions are being introduced as inflation showed its first sign of easing this year


Posted by SidetrackSilvera
Member since Nov 2012
2407 posts
Posted on 6/3/24 at 7:45 am to
The Schooner Tuna approach.
Posted by DownSouthCrawfish
Lift every voice and sing
Member since Oct 2011
39532 posts
Posted on 6/3/24 at 7:49 am to
quote:

Retailers are lowering prices
pleasant surprise
Posted by jclem11
Chief Nihilist
Member since Nov 2011
8929 posts
Posted on 6/3/24 at 7:51 am to
quote:


The drug stores have been getting killed by shoplifting in Blue citie


MuH vICtImLeSs CrImEE!! REEEE!!

- New York, probably.

This post was edited on 6/3/24 at 7:52 am
Posted by idlewatcher
Planet Arium
Member since Jan 2012
86419 posts
Posted on 6/3/24 at 7:59 am to
quote:

Walgreens lowering prices for the summer and beyond, joining Michaels, Target and others


Code for "we've f'ed you long enough while claiming inflation"
Posted by Mo Jeaux
Member since Aug 2008
59752 posts
Posted on 6/3/24 at 8:01 am to
quote:

The Schooner Tuna approach.


The tuna with a heart.
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