Aldi cuts U.S. grocery prices for fall season amid inflation, competition pressure
Aldi cuts U.S. grocery prices for fall season amid inflation, competition pressure Sept 23 (Reuters) - Private discount grocer Aldi said on Wednesday it would lower prices on a range of grocery items in the U.S. this fall, a move the company estimates will save shoppers about $86 million as consumers continue to grapple with inflation.
Here are some details:
The announcement comes as U.S. grocery retailers compete aggressively for value-seeking shoppers who remain selective about spending as they struggle with higher gas prices and economic uncertainty.
Larger peers including Kroger KR.N and Walmart WMT.O are keeping their prices low to win over cost-conscious shoppers.
The fall price reductions will be effective from September 23 until at least November 3 at all Aldi stores in the U.S.
Newly reduced items include Autumncrisp grapes, Bartlett pears, Brussels sprouts and a wide range of apples and potatoes.
(Reporting by Koyena Das in Bengaluru; Editing by Tasim Zahid)
((koyena.das@thomsonreuters.com))
Recent news on Walmart
See all newsWalmart launches tools for AI agents to shop for customers (updated)
Walmart launches tools for AI agents to shop for customers
Brief: Walmart Introduces Agent Profiles And Agent Gateway For AI-Enabled Shopping
Kroger to invest $5 billion by 2029 as new CEO sharpens grocery focus (updated)
Amazon to recruit over 300,000 workers for holiday season in first hiring jump in three years