Walmart Slashing Prices on 3 Types of Products

Walmart Slashing Prices on 3 Types of Products

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.

According to the AP, such measures include cutting prices (and bringing back the famous Walmart smiley face), expanding online operations, sprucing up stores and improving distribution.

For more ways to save at Walmart, check out:

Will Walmart’s plans to slash prices cause you to shop there more often? Let us know what you think below or on Facebook.

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