A few major U.S. retailers are introducing or plan to introduce price-slashing measures as American consumers continue to state their concerns over tariffs.
Modesto, California, U.S.A.-based Save Mart Companies, which operates more than 200 stores across California and Nevada, said it would cut costs on more than 4,000 grocery items in its Save Mart and Lucky stores.
“As families across the nation are grappling with inflation and economic uncertainty, we knew it was time to act,” Save Mart Companies President Jim Perkins said, per Progressive Grocer. “Shoppers deserve a break, and this aggressive campaign is designed to bring affordability back to the table.”
The company is “making a significant price investment and negotiating with our supplier network” to cut rising costs, Perkins added.
Signaling its intention to implement a similar campaign, Walmart widened its operating income outlook for the first fiscal quarter of 2025, which runs through April, to “maintain flexibility to invest in price as tariffs are implemented,” the retailer said, per CNBC...
