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“Mistake” is doing a lot of heavy lifting here.
More of a "well we got what we could get while we could get it"
It was almost comical the way they all rode the inflation train. Like they all went to same business school and learned exactly the same thing about pricing strength .
Either that, or they were fact a cartel
Will we ever know ?! 🤷♂️
Amazon, Walmart, and Target finally realize their colossal pricing mistake—now they’re slashing costs to win back customers
We will. It was the second one.
And now they expect us to go into a spending spree with these "new amazing low prices".
I think they ought to prepare for disappointment.
One thing the pandemic "shortages" taught me is that in most categories I really do have enough stuff already.
The pandemic made me a much better cook. I wasn't bad before, but now I can do it without wrecking the kitchen.
Oopsy, the credit cards are maxed out already due to their gouging So purchasing will remain low until credit card debt declines.
Oh wait, that's not going to happen anytime soon because the landlords are price fixing.
Amazon Fresh just became the latest big-box retailer to cut costs on thousands of items, following in the footsteps of Walmart and Target in reversing course on years of inflation-induced price hikes
Greed-induced. Inflation-excused.
It should say inflation-causing.
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About two years too late for me to accept apologies on post pandemic price gouging, already cancelled prime and use local groceries over corpo stores. In general they have better quality of selection and prices most of the time, plus it encourages me to explore more variety of small groceries from other cultures, farmers markets, etc.
Similar with fast food if you want to charge me 16 bucks for a meal I'm going to an actual restaurant instead
look at this fucker, with his local grocery stores. They're all but extinct out here on the prairies
Yeah definitely a privilege of living in a pretty densely populated area with lots of options and even here some have closed, including some of the larger populations of Asian and middle eastern immigrants in the area running many of the smaller shops.
The chain stores are more than the co-op stores in my area too. And with summer coming farmers markets are definitely a better value AND quality option, too
If you think this was "inflation", I've got a bridge to sell you.
And the price of that bridge has doubled. :-)
Due to impacts of COVID 19 on the supply chain, the bridge price has doubled again, and lead time is now 18 years.
If you have questions about your purchase, you can call our support line, but please know were experiencing longer than usual wait times due to the pandemic - we anticipate your current wait time at the heat death of the universe.
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Big-box stores lowering prices wasn’t an altruistic move to throw customers a bone during tough times. Retailers have suffered from weak sales due to customers’ struggle with high prices. Target reported a 3.1% drop in net sales from a year ago and a 3.7% quarterly dip in comparable sales, marking its fourth consecutive quarter of declines. Though Walmart has continued to soar, it owes much of its 6% revenue growth to its e-commerce successes and wealthy customer base, the latter of which makes up a growing chunk of its audience.
This trend has continued in fast food, with McDonald’s, Wendy’s, and Burger King all announcing meal deals following earnings reports that suggest customers are losing their taste for high-priced fast food, including $18 Big Mac meals and threats of surge pricing.
No one could have anticipated this outcome
Due to this fuckery, my family will literally never by fast food again unless we are traveling.
Pack a cooler with sandwiches, take bags of trail mix and other healthy snacks, and drink water from refillable bottles.
Fuck the leeches. Live healthier, cheaper, more satisfied lives by cutting out the “convenient” fast food that costs too much, fails on nutrition, and makes you feel bloated and gassy. Prep doesn’t take any longer than stopping along the road to order and get your food, and you can still stop at rest areas for a picnic in an actually enjoyable environment if you want.
Been traveling on the road for about a year. Life got better when I started prepping my meals and stopped eating garbage.
Or maybe get creative with your meals because, as someone who grew up with endless long road trips, what you just described are some of the most depressing meals you can get and after a couple days most people will be so sick of cold, sad, sandwiches that they'll be desperate for ANYTHING else.
I make a lot of different sandwiches before I hit the road… I guess I interchange them with wraps/burritos, too. Not just cold cuts, but leftover curries and stews smashed between bread, eggs and sausage/bacon, salad wraps… mixing and matching with different sauces and spices helps a ton. If you have the time to toast the bread or tortilla, it makes a big difference. I pick a different cuisine to use as a base for every drive… Indian, Asian, American, Italian, Mexican… you can keep it fresh.
It’s mostly just about preparing a transportable meal. I guess I also carry soups, curries, chili, gumbo, and stews in a thermos. I usually try to stay in airbnbs or suite hotels that have a kitchen, but often just use a microwave. Sometimes i use microwaves at gas stations to heat up a meal, but that’s not always an option.
The only thing I make sure to do is have something to prevent me from giving McDonald’s or Taco Bell $20 for garbage.
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You have to be wealthy to shop at Walmart now. I don't know whether to laugh or cry.
Though Walmart has continued to soar, it owes much of its 6% revenue growth to its e-commerce successes and wealthy customer base, the latter of which makes up a growing chunk of its audience.
wtf
You know shit is bad when you need to be making $80,000 a year to afford to shop at Walmart.
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"I promise I'm not gonna hit you baby if you come back, honest i won't. You know i just get excited because i love you too much..."
Nah. I’ve already gotten used to not buying random crap anymore. I’d rather have the cash.
These are stores which also sell necessities, not just random crap. Based on the article, it sounds like mostly food is having its prices scaled back.
And they rely on selling both to be profitable. But now their customers are used to not buying the latter (random crap) so that they can afford the former. And the retailers are realizing they may not begin buying random crap again even when prices decrease, because life without the random crap isn't much different.
I hear those big box stores will shut down immediately if someone, anyone, just scatters union pamphlets around the store.
Exactly. Local Walmart (Pico Rivera, ca) shut down for "plumbing" issues for 8 months when union activity started. The building was less than 10 years old
It wasn't a mistake. Did they make money? ... Checks notes ... lots of it.
...i quit shopping brick-and-mortar after target routinely charged more in their stores than online + shipping...
They've even started getting worse with their apps. I got a notification recently that one of the apps (target) will have fluctuating prices. My understanding is it's demand based increases. While walking around the store one time I looked at items in the app and most of them were higher than on the shelves.
They've spent years pushing people to get comfortable with app shopping and easy pickup... Now they're going to squeeze every penny out of that crowd that they can.
I walked into a Whole Foods for the first time a little while back for an Amazon return, I saw the $9 gallon of milk and walked right out.
Hopefully the price slashing is significant.
Whole Foods has always been ridiculously overpriced though.
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Anyone noticed a pricing difference with "local" grocers? Obviously there aren't many left and at least in my area they rely on a regional distributor that's pretty consolidated. Just curious if they've been treating consumers any better.
The spouse does most of the shopping but I was in a Harps the other day and saw that a medium (shrinkflated) bag of Cheetos was $8.75 USD.
Harps isn't super local but... Holy shit. Who can afford Cheetos at that price? I used to buy them as an occasional treat but fuck that noise.
EDIT: for fun I just searched Walmart and they're $5.94 there. I'm still not spending that much for a garbage treat.
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this post was submitted on 31 May 2024
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