Finally, shoppers are getting some good news about prices.
Finally, shoppers are getting some good news about prices: Inflation is falling on discretionary merchandise just in time for the holidays, Walmart chief Doug McMillon said Tuesday.
Listen now and subscribe: Apple Podcasts | Google Podcasts | Spotify | Stitcher | RSS Feed | Omny Studio Although prices on these goods are still rising, they're not rising by nearly as much as other categories, because retailers misjudged consumer demand and have excess inventory piled up. To clear out merchandise and entice shoppers to buy, stores have ramped up promotions.
Customers were adjusting their grocery habits by switching from name brands to Walmart's cheaper in-store brands, he said. "If you look at in our fresh departments, clearly, inflation is slowing down in many categories," Kroger chief Rodney McMullen said on a call with analysts. Parenting spotlight Gift Guide: 10 stocking stuffer ideas for college students If your college student is coming home for the holidays, grab some of these stocking stuffers to make his or her Christmas even more memorable.
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