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submitted 6 months ago by return2ozma@lemmy.world to c/news@lemmy.world
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[-] Reverendender@sh.itjust.works 49 points 6 months ago* (last edited 6 months ago)

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

[-] Drusas@kbin.run 12 points 6 months ago

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

[-] alessandro@lemmy.ca 2 points 6 months ago

Whale economy as seen in f2p games.

Starve the community around you with higher prices, make all your money with the few who buy bottled mineral water for car wash.

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this post was submitted on 31 May 2024
302 points (96.3% liked)

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