Walgreens is reducing prices for more than 1,300 items, it said Wednesday.
www.forbes.com
LOL I thought these corpos HAD to raise prices due to "inflation"? Turns out they were just jacking them up to see if they could get away with it. Frankly because the corporate media, like the NYT, gave them cover by pretending that the majority of inflation was anything other than simple price gouging.
We are in a bifurcated economy. The top 10-20% are riding high on the surging stock market and skyrocketing real estate prices.
The bottom 80-90% have seen modest wage increases over the past few years. But that increase has been completely swallowed up by:
1) Insane rent increases (landlord gouging)
and
2) Corporate price gouging on consumer products ("inflation")
Regular people have been cutting back on spending. Retailers are running out of rich people to sell to. So now they have to reduce prices