No shit. Groceries have gone up 40% in the past 1-2 years for no real reason while wages have not and things like housing are going up too. Amazing that people would be buying less 'units'.
this post was submitted on 03 Nov 2023
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No doubt. I'm starting to eat healthier because a bag of Doritos is like $5 now when I used to buy it for $2.50-3.00. That's just one example, but across my snacking 'units', everything is outrageous.
I'm eating less and healthier 'units'.
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Gone up 40% in cost and down 20% in quantity
And in quality. Seems like a lot of food items are using cheaper ingredients.
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Hmmm. We raised the prices on EVERYTHING and shoppers aren't buying as much.
No shit.
If shoppers are buying less they should just try increasing the price. More revenue per sale you don't even need those lousy shoppers who left! What could go wrong?
I mean, what does a banana even cost, $10?
"We tried raising prices to meet our margin targets, and now we're all out of ideas"
-every MBA at Target
-every MBA everywhere.
Fixed that for you.
"We'll also use union actors to tell our team members why unions are bad."
Shoppers are quiet quitting. Nobody wants to shop anymore
Watching shoe company gouge CHILDREN by marketing and selling them running shoes for 500 dollars kinda turned me off from ever wanting to give those companies money ever again.
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They are finding the stone is running out of blood.
Is it really ‘pulling back’ when consumers are priced out of those things?
Who is buying anything at this point, I mean seriously? The only thing my wife and I buy now is food, and we hunt, literally hunt for the lowest possible prices on any item before we buy anything. These people who spend 1000 dollars on a concert or 500 dollars for running shoes actually blow my mind.
I thought you literally hunt meant you and your wife are out there with rifles taking down a deer. Or somebody else’s chicken
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The people who spend a thousand on concert tickets or five hundred on shoes will be complaining about their credit card debt on Facebook next month.
It took me a while to get it through my head why people who I knew were making less than I do had significantly nicer stuff. The difference is that I own what I have. They don't.
I'm fortunate that after many years of struggle and single parenthood that I'm finally in a place with a comfortable income and free of debt except a small mortgage. Nonetheless, give or take a couple of cheap flights to go see friends a couple times a year, I still live like I'm struggling. That shit will burn into your mind if you suffer through it long enough.
Caveat: In spite of what I just wrote, I still have to work until I collapse and die at my desk. It's a pretty great future for me presently in my fifties. Only another thirty or forty years to go before I can afford to stop working entirely. Save your money when you're young if at all possible, kids.
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In a society that deletes the middle class, prioritizes the oligopoly in which three fucking people own more than the bottom 50% (in 2017, before the great covid wealth transfer), and every goddamn product (necessity or no) is overpriced to fuck because a handful of companies owns the majority of the "competitors".....
it's almost like people CAN'T AFFORD to not "pull back" on even groceries. Fuck capitalism, fuck the oligopoly, fuck this fucked planet. Humanity is a cancer
I live in a country where wages are linked to a central index.
The index measures how expensive life is becoming. If the prices of products and services rise, the index rises accordingly. If the figure exceeds the so-called central index, benefits and wages will automatically increase.
So, this happened in October again and next month I'll have an increase of 2% in wages.
It's more complicated than that, but most countries should use this to protect at the very least handicapped, sick or unemployed people who live on benefits.
It's not much, but it helps in a way.
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"People with only $100 to spend are still only spending $100 on things! And we raised prices and everything!"
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People just aren’t buying from Target
Among my peers (early/mid 20s to early 30s) everyone explicitly avoids grocery shopping at target because it’s so much more expensive than other big box retailers. Target is for the occasional home decor items or household items, but very rarely food in my experience.
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When you wring the middle class for every spare cent they have, eventually money is going to stop falling out no matter how hard you twist them.
I stopped going when they replaced 90% of the cashiers with self-checkout and the lines tripled in size.
There were times where I spent more time in line than I did shopping there.
Unexpected item in bagging area. Please ask for assistance from the one employee overseeing all thirty six self checkout stations.
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So they had their CEO come on and complain that the reason “line go down” is “people no buy” so investors won’t think it’s management’s fault?
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Target's grocery prices are really high and their selection is mediocre. I can go to different stores and save 20%+ on many items.
Maybe shoppers are just pulling back on groceries at Target.
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I forgot where I saw someone else suggest it... But if you really want to win over shoppers this Black Friday? Don't run a week of discounted TVs. Discount groceries.
Don't they do this every year? "Oh, no, we're going to do soooooo badly this holiday season!!1!1!" Only to have record profits, yet again. Set market expectations low then ✨✨dazzle✨✨ them. 🙄 Meanwhile we're all paying more for lower quality plastic.
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Translation: they're buying their shit elsewhere because Target sucks and is overpriced
Good thing they took some food prices out of the inflation calculation, problem solved pack it up boys.
It's almost like they don't have money
It's almost like, the economy isn't doing great by the metrics that matter to the average u.s. resident.
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NOBODY WANTS TO BUY ANYMORE
I see the capitalists are meeting their own consequences of greed now. Yeah what did they think taking away all the jobs and giving it to computers thereby hoarding all the money so no one has any to shop with would result in? Apparently spendable money is as finite as the people on the planet. Who would have thought?
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People have less money so they will spend less. Nothing different than that.
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Most people have an ever dwindling supply of money, while those at the top still believe that the only success metric is endless growth. These two experiences are incompatible.
Fuck Brian Cornell. He's overpaid and does a shit job.
Well yeah, he's a CEO of a major corporation.
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When almost everything is more expensive (and often smaller portions) people can't buy as much.
Not just groceries either; rent, vehicles, property taxes, insurance, fuel, everything.
Are they pulling back in general, or are they "just" pulling back from Target?
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Has America finally found the cure to obesity? Low wages and inflation!
Nope! Less money to buy food makes only the most calorie dense processed garbage affordable. Furthermore the more stress Americans are forced to endure, the more they will turn to harmful coping methods like over eating and more.
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Media: Recession didn't happen or it's over.
Media: Might be recession.
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True. No one here is buying their groceries at Target.
Maybe one day this town will get a Target and I can continue not buying groceries from it.
Meanwhile, the Krogers and Walmarts seem to have plenty of people in them.
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