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Even as inflation persists, there are some bright spots where high prices are easing, Walmart's CEO said Tuesday. Toys, clothing, and sports equipment categories are all seeing prices come down, Doug McMillon told CNBC. “In toys, sporting goods , apparel, and categories like that, price s have come down more aggressively,” McMillon said in the interview. “We’re still inflated but we’re not inflated nearly as much as we are in (other) categories.” TVs, too, are benefiting from instances in which consumers are able to be less selective about their purchases as they consider pricing, McMillon said. How Walmart's CEO feels about American spending habits amid economic pressure Dec. 6, 2022 00:51 The categories are all ones in which big-box retailers placed large backlogs of orders as the pandemic set in. They ultimately ended up with excess inventory as supply chain hiccups eased and demand slowed down. Other companies have recently discussed seeing similar easing of price pressure...

Artistgndphotography | E+ | Getty Images Televisions are among just a handful of consumer goods and services that have dropped in price in the last year — which may translate to steep discounts for shoppers on Black Friday and Cyber Monday. What's more, 38% of shoppers say they'll likely buy a TV during Thanksgiving week, including Cyber Monday, according to a recent Consumer Technology Association survey. related investing news The ultimate Thanksgiving portfolio with costs on the rise Jesse Pound 2 hours ago Despite a challenging holiday period, KeyBanc sees a few retail stock winners Samantha Subin 6 hours ago "Those lucky enough to be in the market for a TV are going to find some excellent deals right now," said Rick Kowalski, director of industry analysis and business intelligence at the association. Why TV prices are falling amid broader inflation Average TV prices fell by almost 17% in October 2022 compared with the same month in 2021, according to the consu...

U.S. gas prices are now at their lowest level since the February start of Russia's war in Ukraine, which sent prices soaring. But at $3.61, it's still the highest price ever recorded for the week of Thanksgiving by AAA. Blame inflation. “The national average has fallen sharply since the June peak of nearly $5.02,” said Andrew Gross, AAA spokesperson, in a statement. “But this Thanksgiving will be about 20 cents higher than a year ago, and a dollar more per gallon than a pre-pandemic 2019." "However, we can be thankful that gas prices are moving in the right direction for now,” Gross said. prices _221117_1920x1080-udm0m6.jpg"/> prices _221117_1920x1080-udm0m6.jpg"/> Gas prices dip ahead of Thanksgiving travel , could dip even further Nov. 17, 2022 00:25 There remains wide geographic variability in gas prices , with averages in southern U.S. states well below the national rate. Notably, the price of gasoline in Texas has broken below $3 to an average o...