BENTONVILLE, Ark., July 7 (DC Times Online) — Walmart Inc. (NYSE: WMT) and Sam’s Club are cutting prices on thousands of products across the United States, a move that gives shoppers immediate relief on summer staples and shows how the retailer is using discounts to protect sales during a key spending season.
Walmart said the nationwide price cuts cover groceries, household essentials, outdoor living items, toys and apparel. Among the examples the company highlighted were fresh sweet corn on the cob, which fell from 68 cents to 25 cents each; fresh red cherries, which dropped from $11.18 to $5.63; and a one-pound 73% ground beef roll, which went from $6.74 to $5.94, a decline of about 12%.
Sam’s Club said it is lowering prices on more than 250 items. Reuters reported that the club’s examples include Member’s Mark 88/12 ground beef at $5.97 per pound, down from $6.17, as well as Member’s Mark bone-in chicken wings and beef hot dogs at lower prices than before.
Walmart said the discounts are meant to help customers save money for backyard barbecues, vacations and weekly grocery trips. Julie Barber, Walmart U.S. chief merchant, said the company had made “investments in price” and was helping customers save “for every occasion.”
President Donald Trump separately posted on Truth Social that Walmart was lowering prices “at my Administration’s request” to celebrate the nation’s 250th birthday, and he said ground beef would fall “by almost 15%.” Walmart’s statement, as reported, does not confirm that White House claim. Its own figures for the 73% ground beef roll point to a smaller drop of about 12%.
For shoppers, the cuts mean cheaper cookout food and lower weekly grocery bills right away. For Walmart, the strategy is familiar: lower shelf prices on high-volume items can help bring in more customers and strengthen the company’s low-price image, but they also leave less room for profit on each sale. Investors will be watching whether more store visits make up for those thinner profits, especially on items that often set the tone for a full grocery basket.
