“Mistake” is doing a lot of heavy lifting here.
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 ?! 🤷♂️
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.
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.
Corporations are always greedy, so this factor never changed. It could not have been the cause of inflation, since we had greedy corporations and more inflation before.
I want to point out that your reasoning is irrational which makes your conclusion nonsense.
You didn’t root cause or analyze anything, then declared yourself to be right “because”.
Here I’ll show you, let me use your method to “prove” something.
“The Potato Party has always been in charge in Tombo County, the hungry kids in schools are not the fault of The Potato Party because kids here have been hungry before.”
We can “prove” so many things this way!
The Potato Party could have changed its policies, so your comparison is not apt. Corporations have never been not greedy, so what changed?
The greed is constant, but the opportunities to excuse price increases are not. Egg prices jumped up about 6x because they had the excuse of bird flu, but the prices magically went down (but stayed elevated) after the government threatened an investigation. As ineffectual as our government has been made, increasing prices out of nowhere with no plausible excuses will invite an investigation.
So my point is instead of blaming greedy corporations, we just discussed possible causes and solutions. Isn’t this a more constructive conversation?
Corporations all raised prices at the same time. No competition to offset the greed. Normally that level of coordination is impossible among different companies, at least some would keep prices lower to retain customers.
Normally that level of coordination is impossible among different companies, at least some would keep prices lower to retain customers.
The biggest con in the world. You would think people are not capable of organizing for a common cause.
That level of coordination IS possible when all you need is a bunch of CXOs and investors in a union.
You think collusion to keep prices is not possible? Does that people people agreeing on a specific set of laws and policies living in a demarcated region (a country) is not possible?
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
If you think this was “inflation”, I’ve got a bridge to sell you.
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.
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.
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.
How is trail mix a healthy snack? It’s just some bread-adjacent carbs with extra flavorings. It’s literally the same as any other junk food
Cross-country road trips now have the sandwich fixings stored in a cooler in the car. Pre-make the next day’s sandwich the night before and toss it in the cooler.
Honestly it’s much nicer sitting at a picnic table at a rest area, which generally has nice views, than going into a restaurant or eating drive-thru in the car.
At least the pandemic had some silver linings, would not have necessarily thought to do this otherwise.
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
