Major retailors dropping prices, expert says to attract more customers

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Major retailors dropping prices, expert says to attract more customers
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Meredith Hackler joined WRTV as a Multi-Media Journalist and Reporter in February of 2022.

INDIANAPOLIS — Major retailers are making some changes for the sake of affordability and to hold on to customers.

"Well it's good for them because it will grow more people to come to buy things,” Rick Williams from Greenwood said.Is inflation leveling out? That's the main reason experts say retail chains are dropping prices. According to a report from ABC news, in March, Target saw its first decline in sales in seven years. While Walmart has continued to see strong sales.

Some of the items that target has promised to mark down are already at the Target WRTV’S Meredith Hackler visited in Southport, while others are not. However, Talbott says when stores make these decisions to drop prices it's often about perception. He says the goal is to get more people in their stores. Which is why Talbott says if you are trying to save money stick to your list.

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