9 Major Stores Dropping Their Prices Right Now

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

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Updated June 11, 2024
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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.

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Aldi

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.

Walmart

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.

Michaels

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.

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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.

Ikea

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.

Target

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.

Walgreens

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.

Costco

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.

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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.