Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Consumers FINALLY Get A Win. These Companies Are Lowering Inflated Prices To Bring Back Customers
Posted
June 13, 2024
Views
77,212
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June 13, 2024
77,212
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12:20Now PlayingMajor companies like McDonald's, Ford and Target are lowering prices after consumer backlash. Ana Kasparian and John Iadarola discuss on The Young Turks. Your Support is Crucial to the Show
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"Ford recently marked down its electric Mustang Mach-E by 17 percent. Target is slashing prices on 5,000 items, including Persil laundry detergent by 5 percent, Clorox wipes by 14 percent and Purina One cat food by 17 percent. And at Walgreens, swim goggles and Squishmallows are discounted by as much as 40 percent.
Those markdowns, and the consumer spending slowdown that prompted them, mark a turning point in the post-lockdown economy, after the sharpest surge in inflation in decades."
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