Prepare to see more “rollback” signs at your local Walmart.
The retail giant tells Business Insider it’s slashing prices in the grocery department, especially for three product types:
- Fresh produce
- Consumables (which include items such as laundry detergent and windshield-wiper fluid)
- Over-the-counter drugs
A specific time frame for the debut of these lower prices was not mentioned.
The publicly traded retailer is also working to expand its private-label brands. To that end, it has opened a new “culinary and innovation center” at its headquarters in Bentonville, Arkansas, Business Insider reports.
Expanded private-label brands should mean more lower-priced alternatives for shoppers, as private-label products are usually cheaper than brand-name products.
This news follows Walmart’s annual shareholder meeting on Friday, when Doug McMillon, chief executive, detailed various changes the company is making to try to better compete in an evolving retail landscape, the Associated Press reports.
For more ways to save at Walmart, check out:
- “Don’t Buy These 9 Items at Walmart“
- “Walmart Rolls Out Cheap Shipping to Vie With Amazon“
- “Target and Walmart Price-Match Policies Save Me $2-$20 Almost Every Time I Shop“
Will Walmart’s plans to slash prices cause you to shop there more often? Let us know what you think below or on Facebook.
Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.