Costco quietly slashes prices on popular Kirkland products

The goal of Costco is to be the first to lower prices, and the last to raise them. ©Image Credit: Wikicommons/ Ambrosia LaFluer

These days, it's rare you read about prices dropping, but that's exactly what's happening at Costco. Without fanfare, the massive wholesaler has slashed prices on several popular Kirkland products.

Drops of up to $10 are hitting Costco shelves

Not only is Costco dropping prices on several private-label products, but the drops are significant. Prices are up to $10 less, which adds up when you're picking up multiple items.

It looks like many of the new prices are on products customers had complained about online, stating they were too expensive. Could this be a case of a retailer listening to customer feedback?

A great example is the fan-favorite Kirkland Chocolate-Covered Almonds. Customers in both the U.S. and Canada have seen the price steadily increase over the past few years, and they have been vocal about it online.

A variety of products are affected

There doesn't seem to be much rhyme or reason in terms of which products are getting price cuts.

Just one year ago, Costco lowered the price on its private-label laundry packs, standard foil, Spanish olive oil, macadamia nuts, boneless chicken tenders, and more.

As for this round of cuts, it includes items like the Kirkland Signature King Size Sheets ($89.99 to $79.99), Kirkland Signature Crispy Wings (now $14.99), Kirkland Signature Milk Chocolate Almonds (now $18.99), and Kirkland Signature Golf Balls (now $29.99).

The goal is to be the first to lower prices

In its most recent earnings call, Costco CEO Ron Vachris said it's the company's goal to be the first to lower prices and the last to raise them.

Costco CFO Gary Millerchip added that Costco had "invested in lower prices for our members on several everyday items."

A good-news story for consumers

This is a much-appreciated good news story for consumers who are looking for ways to save money right now. It may prompt you to check out your local Costco and tally up your savings.

Sources: Fox Business, Yahoo Finance

'80s cartoon classic ThunderCats is roaring back as a movie

If you grew up in the '80s, there's a good chance you were a fan of the popular animated ThunderCats show. Now's your chance to relive the fun of your childhood as a new ThunderCats animated movie is announced. The era of animated television shows

Popular Tex-Mex chain On the Border closes all 60 company-owned restaurants

If your favorite restaurant is On the Border, you're going to want to sit down for this, as the popular Tex-Mex chain has closed all 60 of its company-owned restaurants despite moves to stage a comeback. The comeback that never happened It was just last year

Consumer Cellular launches phone plans for seniors 75+ from $14.95

Smartphones have gotten incredibly powerful over the years. But they have also gotten more complicated. Tiny icons, endless menus, constant updates, and increasingly crowded screens can make staying connected feel more frustrating than helpful, especially for older adults. Now, Consumer Cellular is betting that simpler might be better with SpeakEasy,

Aldi is giving away free mystery grocery boxes this week

Between rising grocery prices and the internet's obsession with surprise boxes, Aldi has found a way to combine both. Starting this week, the discount grocer is giving away free mystery grocery boxes filled with themed products, and shoppers won't know exactly what's inside until