Walmart's Thanksgiving Meal Basket: Savings or Less Food?

Walmarts Thanksgiving meal basket, priced at less than four dollars per person, sparked controversy as it included fewer traditional holiday items. Economist Jadrian Wooten termed it a smaller serving dressed up as a savings. Retailers, including Walmart, Target, and Aldi, are heavily discounting items to attract price-conscious customers amidst inflation and tariffs. However, these price drops are challenging to maintain due to persistent inflation and increased costs from tariffs. Retailers are resorting to cost-cutting measures like fewer seasonal hires and increased automation. Despite predicting holiday sales to exceed one trillion dollars, much of the increase is due to inflation, not a true boost in sales volume. Its a challenging time for the retail sector, balancing soft consumer demand with rising operational costs.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.