Walmart (WMT) is stepping up its discount strategy to boost demand and gain market share amid current macroeconomic uncertainty, Bloomberg reported Thursday, citing a company document.
The retailer is introducing "manager's special" signs across departments to highlight price cuts on key items. These tags will show both the original and discounted prices, aiming to stay competitive with rival retailers as tariffs threaten to affect costs and consumer spending, the report said.
The signs will also be used to highlight discounts on excess inventory and seasonal items. The company has been working to simplify its in-store signage over the past few years, a Walmart spokesperson was quoted as saying.
Walmart didn't immediately reply to MT Newswires' request for comment.
Shares were up 0.5% in recent trading.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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