Overview

• Target has reduced prices on around 5,000 frequently purchased items, including groceries and household essentials.
• Walmart reported a 45% increase in grocery rollbacks and introduced a new premium grocery brand with items under $5.
• Aldi has lowered prices on over 250 items, including popular food products.
• McDonald's plans to launch a $5 value meal to attract budget-conscious customers.
• Retailers' price cuts aim to provide consumer relief but may lead to revenue losses and potential cutbacks in other areas.