Walmart Plans to Cut Prices on Apparel, Home Goods & More Due to Excess Inventory
As record inflation continues to weigh heavily on American consumers, the average shopper is spending more money than ever on food, fuel, and other necessities. This has led to a dramatic drop in the amount of money we’re spending on clothing, electronics, home goods, appliances, and kitchenware.
Retailers expect this spending slowdown to continue throughout the second half of 2022. This trend, coupled with the bullwhip effect of a recovering supply chain, has left Walmart and other retailers stuck with too much merchandise.
To help liquidate excess inventory, Walmart has announced plans to slash prices on apparel and other categories of discretionary goods.
Since Walmart is the largest retailer in the United States, this move could inspire competitors like Amazon to follow suit. While lower prices may sound like welcome news for the average shopper, they also mean less profit for the stores with excess inventory. We’ll likely end up paying for this at some point.
You can be sure that the affected retailers will be pulling out all the stops to make up for lost profit, including raising the prices on groceries, consumable goods, and other necessities.
But in the meantime, you may be able to save some serious money on apparel, furniture, TVs, and more! Walmart has promised more than 10,000 rollbacks and other sales to liquidate merchandise in its most overstocked departments this summer.
Although the details are still vague, keep checking our Walmart page for all the latest deals. That’s where we’ll be sharing the hottest markdowns as soon as they go live!
Walmart has been preparing for this it seems … they’re increasing prices of other things at a faster rate than other stores. I’ve decreased my grocery spending there because other stores have what I need for the same or less, plus generic versions of things are a better quality at some other stores, too.
Thanks so much for taking the time to comment, Ashley! I have found many supermarket-branded items that I like better than name-brand as well! 💗