I still can't get over how insanely expensive some things have gotten over the past year. Yesterday, I asked my son to take out the trash and he charged me 450 Robux. Unreal.
But there's good news for the inflation-weary among us: Stores are finally starting to offer some discounts again.
Remember discounts? In the olden days, you'd go to a store, and some of the regular prices had a big red X through them, and another, lower price would appear next to it. And when you checked out, you paid the discounted price! Shoppers born after 2019 have no idea what we're talking about, but that's really the way life was like once upon a time.
Well, shoppers are going to get treated to a healthy dose of discount nostalgia soon when they show up to some big chains. Walmart, Target, Best Buy, Bath & Body Works and others are starting to slash prices to clear out their warehouses.
WHAT'S HAPPENING: During the early days of the pandemic, people stocked up on all kinds of stuff they thought they'd use in a new forever world of staying indoors all the time. Exercise equipment, giant televisions, furniture and home goods flew off the shelves.
At the same time, a global supply chain meltdown left shelves bare. So retailers bought up everything to ensure they had enough to stock their stores.
But predictions of a permanently changed world proved to be premature. People started to venture out again and live with Covid. Those Pelotons morphed into the world's most expensive clothes-drying racks. People started going to the movies again, and they stopped auditioning for "Extreme Makeover: Home Edition."
Oh! And inflation hit four-decade highs. So folks were less inclined to shell out hundreds or thousands of dollars for stuff that wasn't completely necessary.
WHERE ARE THE DISCOUNTS?: To clear out their inventory, big stores are offering big deals. The only problem: You'll have to buy stuff no one else wants — clothing, electronics, furniture, home goods and bath items are getting the biggest price cuts, my colleague Nathaniel Meyersohn reports.
Still, when some prices are falling for the first time in months, that's a good thing. It's not the end of inflation, but we're tired of surging prices and desperately need to lie down. Good thing beds are on sale!
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