Research Unplugged: Retail Implications of Price Investments by Walmart and Kroger

Research evidence excerpt

Research Unplugged: Retail Implications of Price Investments by Walmart and Kroger

Equity Research

9 July 2026 | 4:54PM EDT

Research Unplugged: Retail Implications of Price Investments by

Walmart and Kroger

Sarah Herr

+1(212)357-0094 | sarah.herr@gs.com

Goldman Sachs & Co. LLC

Hussey Visit the GS Research portal to listen to the podcast > Chris | +1(212)902-7564

chris.hussey@gs.com

Kate McShane, CFA

On July 7th, WMT announced it would be lowering prices at both Walmart and Sam’s +1(212)902-6740 |

kate.mcshane@gs.com

Club this summer, with thousands of Rollbacks at Walmart across grocery, household Goldman Sachs & Co. LLC

essentials, outdoor living, toys, and apparel, while Sam’s Club is lowering prices on Leah Jordan, CFA

more than 250 items such as road trip snacks, grilling essentials, and summer +1(713)658-2691Goldman Sachs & Co.| leah.jordan@gs.comLLC

entertaining. Also, KR has indicated recently that it is sharpening its price position in

order to better compete across grocery. In this podcast, we listen in as Kate McShane

and Leah Jordan from our Consumer Research team, as well as Scott Feiler, our

Consumer Sector Specialist from trading, to discuss recent pricing announcements

from Walmart and Kroger, and what they mean for the Retail space, overall.

Speakers:

n Kate McShane – Broadlines/Hardlines Retail Analyst (GIR)

n Leah Jordan – Packaged Food & Food Retail Analyst (GIR)

n Scott Feiler – Consumer Specialist (GBM)

Moderator:

n Sarah Herr – US Research Merchandising (GIR)

Related Research:

n Jul-7: “Walmart Inc. (WMT): Announces price investments”

n Jun-23: “Supermarkets: Grocery overlap analysis”

n Jun-18: “Kroger Co. (KR) - Price investment uncertainty weighs on stock, while

improving market share remains encouraging”