Americans aren't spending like they used to, and it's forcing a reckoning for companies from Starbucks to Whirlpool
Shoppers are spending less, impacting various companies causing the need for price cuts and value offerings.
Ikea group CEO tells BI shoppers are trading down to save money
Ikea's $2.1 billion investment in price cuts aims to attract cash-strapped consumers and compete against expensive rivals during challenging economic times.
Americans aren't spending like they used to, and it's forcing a reckoning for companies from Starbucks to Whirlpool
Shoppers are spending less, impacting various companies causing the need for price cuts and value offerings.
Ikea group CEO tells BI shoppers are trading down to save money
Ikea's $2.1 billion investment in price cuts aims to attract cash-strapped consumers and compete against expensive rivals during challenging economic times.
Alibaba Cloud cuts prices, hard, for multi-year commitments
Alibaba Cloud offers significant price cuts in mainland China for multi-year deals.
Price reductions up to 36% for instance types, 55% for object storage, and 40% for database services.
Home prices are still sky high, but competition isn't as fierce, as the frenzied housing market slowly rebalances
The housing market is cooling off, with increased home listings and sellers offering price cuts to attract buyers struggling with affordability.
Inside the Biden team's inflation bully pulpit
The Biden administration is acknowledging efforts by Target, Walmart, and other grocery chains to lower prices but believes more efforts are needed to combat inflation.