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Inflation is kicking off a discount arms race between grocery stores

It looks like inflation is coming back from the dead, just in time for spooky season.The conflict in Iran and other complications are driving up energy and transportation costs, and that’s taking a toll on already-stretched household budgets.But recent food price increases aren’t yet showing up, and grocery retailers appear to be addressing shoppers’ worries head-on with preemptive cuts. Discount chain Aldi said Wednesday that it is rolling out approximately $86 million in discounts on…

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A women’s apparel company that caters to price-conscious consumers announced the closure of 120 retail stores by the end of the fiscal year. The Cato Corporation, parent company of Cato Fashions, operates more than 1,000 women’s apparel and accessories stores across 31 states. The slated closures account for more than 10%…

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