9 Major Stores Dropping Their Prices Right Now

Just when you finally got used to soaring prices, relief might be on the way.

lady in bright shoes
Updated June 11, 2024
Fact checked

We receive compensation from the products and services mentioned in this story, but the opinions are the author's own. Compensation may impact where offers appear. We have not included all available products or offers. Learn more about how we make money and our editorial policies.

The past several years brought a lot of inflation. Prices rose on everything from eggs to milk, gas to cars, and clothing to medicine, making it tough to get ahead financially.

Thankfully, some major retailers are finally getting the memo that consumer spending isn’t sustainable unless prices come down. With excess merchandise piling up, there is motivation to start moving products — and that is good news for consumers.

Here are the nine major retailers where you can count on seeing prices begin to drop.

Earn cash back on everyday purchases with this rare account

Want to earn cash back on your everyday purchases without using a credit card? With the Discover®️ Cashback Debit Checking account (member FDIC), you can earn 1% cash back on up to $3,000 in debit card purchases each month!1

With no credit check to apply and no monthly fees to worry about, you can earn nearly passive income on purchases you’re making anyway — up to an extra $360 a year!

This rare checking account has other great perks too, like access to your paycheck up to 2 days early with Early Pay, no minimum deposit or monthly balance requirements, over 60K fee-free ATMs, and the ability to add cash to your account at Walmart stores nationwide.

Don’t leave money on the table — it only takes minutes to apply and it won’t impact your credit score.

Apply for a Discover Cashback Checking account today


JHVEPhoto/Adobe aldi food market in buffalo ny

Want to save money on groceries? With locations in 39 states, Aldi is known for being a go-to for budget-friendly groceries. The retailer is solidifying that reputation by offering customers $100 million in savings through Labor Day.

You will find lower prices on all your summer essentials, from barbecue items to travel snacks and picnic favorites.


wolterke/Adobe walmart store exterior

Walmart is making major price rollbacks on many of its products, including dry groceries and consumables.

The retailer has always been known for low prices, but this year, it will reduce costs on 50% more items year over year.


Sundry Photography/Adobe michaels' store entrance

Michaels is dropping prices on 5,000 items across many categories in its arts and craft stores.

You can now save on art supplies, frames, home items, and seasonal decor. You will also find lower prices on back-to-school necessities such as paint, pens, and markers.

Get a protection plan on all your appliances

Did you know if your air conditioner stops working, your homeowner’s insurance won’t cover it? Same with plumbing, electrical issues, appliances, and more.

Whether or not you’re a new homeowner, a home warranty from Choice Home Warranty could pick up the slack where insurance falls short and protect you against surprise expenses. If a covered system in your home breaks, you can call their hotline 24/7 to get it repaired.

For a limited time, you can get your first month free with a Single Payment home warranty plan.

Get a free quote

Giant Food

Refrina/Adobe giant food store sign

Regional grocery chain Giant Food is recognizing the need to offer lower prices on its already affordable private-label food brands.

From Giant brand products to organic Nature’s Promise and toiletries from CareOne, you will find savings on generic products. You also get two points for every dollar you spend on private-label purchases if you are a member of the loyalty program.


Alexandr Blinov/Adobe IKEA is the largest furniture retailer globally.

You probably already know Ikea as the affordable place to shop for home, furniture, and accessories. But now, the retailer is making it even less expensive to outfit your home.

Ikea says lower costs on transportation and raw materials allow it to pass those savings along to customers. Prices will drop on thousands of products by the end of 2025.


JHVEPhoto/Adobe Buffalo New York target store

Target wants to make everyday essentials more affordable, so the retailer is slashing prices on the basics, including milk and paper towels.

Currently, 1,500 items have lower prices, with a total of around 5,000 products getting price cuts before the end of the summer.


Red Lemon/Adobe walgreens pharmacy in leland

Walgreens isn’t discriminating between generic and name-brand products in its cost-cutting measures.

The retailer is luring customers back to the store with savings on vitamins, toiletries, and more. Prices have already dropped on 1,500 items.


Cris C./Adobe costco wholesale store madrid spain

Costco is dropping prices on many of its items, including frozen fruit, sparkling water, reading glasses, sporting goods, garden items, and batteries.

With inventory that spans groceries, electronics, clothing, and beyond, customers can hope for continued price cuts in upcoming months.

Amazon Fresh

Ming/Adobe amazon fresh grocery store

One of the best shopping hacks for Amazon is to purchase groceries through Amazon Fresh. Amazon is cutting prices on 4,000 grocery items, some by up to 30%.

The retailer is also offering Prime members up to 20% off hundreds of other grocery items that are on sale.

Stop overpaying when you shop online

Shopping online has its perks. It's super convenient, but it can be time consuming to find the best deals. Instead of hunting for coupon codes (that don't always work!) and opening tons of browser tabs comparing prices, you can try Capital One Shopping.

Capital One Shopping makes saving money effortless. Just add the browser extension and when you check out, it'll scour the internet for coupon codes to help you save cash. And before you check out at 25+ major retailers, Capital One Shopping will notify you with a friendly pop-up if the item you're buying is available cheaper somewhere else.

Capital One Shopping is free to use and won't show you ads. Add it today and stop overpaying!2

Get Capital One Shopping now

Bottom line

Sondem/Adobe full shopping cart

To optimize savings at these major retailers, try to “stack” your discounts by making purchases during no-tax days, which many states schedule ahead of the new school year.

From July to September, you might find sales tax holidays on products in a variety of categories. This is your chance to increase your savings and further boost your finances.

Discover®️ Cashback Debit Benefits

  • Earn 1% cash back on up to $3,000 in debit card purchases each month1
  • No minimum deposit, no minimum balance, and no account fees
  • Access your paycheck up to 2 days early with Early Pay
  • 60K+ fee-free ATMs and make cash deposits at Walmart stores nationwide

Author Details

Heather Bien

Heather Bien is a writer covering personal finance and budgeting and how those relate to life, travel, entertaining, and more. With bylines that include The Spruce, Apartment Therapy, and mindbodygreen, she's covered everything from tax tips for freelancers to budgeting hacks to how to get the highest ROI out of your home renovations.