Walgreens announced Wednesday it would continue to cut prices on 1,300 items — making it the latest company to pivot to value amid signs U.S. consumers are experiencing spending fatigue. The pharmacy chain said in a statement announcing a ‘summer of savings’ that the lower prices were in response to consumers’ ongoing struggles with elevated inflation rates that continue to bedevil the U.S. economy. “Walgreens understands our customers are under financial strain and struggle to purchase everyday essentials,’ said Chief Customer Officer Tracey D. Brown, Walgreens’ president of retail. ‘We continue to be committed to our customers by lowering prices on over a thousand additional items, something we’ve been doing since October of 2023.’ Walgreens previously pointed to a ‘challenging’ retail environment when it announced its quarterly earnings in March. Among the price cuts the company highlighted: Prices may be different based on your location. Walgreens’ announcement follows others by…
