FILE – The entrance to a Walmart store in Pittsburgh on June 25, 2019. Walmart announced its earnings on Thursday. (AP Photo/Jean J. Pasker, File)
CHICAGO (NewsNation) — With consumer spending at record highs, Walmart says it’s lowering inflation on holiday meals and groceries to help customers focus on what’s really important this time of year: spending time with family. did.
In a press release, the retail giant says its main goal is to help customers save money, and is offering more frequent sales and unprecedented savings to eliminate food inflation during the holiday season. He says he will provide it.
According to a survey conducted by Walmart, 92% of customers express some degree of concern about inflation, and this is the company’s way of responding to that concern.
From November 1st through December 26th, consumers can save on ingredients for their favorite holiday meals at Walmart. The company implemented the agreement for the first time last year and said it would reinstate it this year at an even lower cost.
Walmart is offering two Thanksgiving meal options. One option is to buy ingredients for those who want to make meals from scratch, and the other is for those who want a more convenient and quick-to-cook dinner.
“Walmart’s Thanksgiving meals include customer favorites and staples from turkey (less than $1 a pound!) and ham to stuffing and pumpkin pie, including many national brands.” said the company.
In addition to lower prices on meal options, Walmart is also promising deep discounts on popular gift items across multiple categories, including beauty, electronics, and apparel.
“Savings remain a top priority for our customers, and we recognize that customers need to save more than ever this holiday season,” said John Furner, president and chief executive officer of Walmart U.S. We will continue to build on the investments we have made.”
Walmart has seen strong revenue growth this fiscal year, reporting a 5.7% increase in its second quarter 2024 earnings report. Consolidated sales so far this year have exceeded $161.6 billion.
It’s important to know that Walmart will be closed on Thanksgiving Day for the fourth year in a row. Consumers should plan their holiday meal shopping before the actual holiday.
“Thanksgiving is a special day and we want to give our associates the opportunity to spend it with their families and loved ones,” Furner said. “There are many things to be thankful for, but especially our employees.”
This year, Walmart will be open as usual around Thanksgiving.
NewsNation affiliate KNWA/KFTA contributed to this report.