302
“Mistake” is doing a lot of heavy lifting here.
More of a "well we got what we could get while we could get it"
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.
load more comments
(25 replies)
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.
load more comments
(1 replies)
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.
load more comments
(1 replies)
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.
load more comments
(1 replies)
load more comments
(1 replies)
"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.
load more comments
(5 replies)
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.
load more comments
(1 replies)
The local grocers that I shop at are all Asian, but aside from the big Japanese one, they are all far cheaper than the big stores, especially when it comes to meat and produce.
load more comments
(4 replies)
load more comments
(9 replies)
view more: next ›
this post was submitted on 31 May 2024
302 points (96.3% liked)
News
23287 readers
3795 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS