this post was submitted on 31 May 2024
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[–] [email protected] 49 points 5 months ago* (last edited 5 months ago) (4 children)

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

[–] [email protected] 26 points 5 months ago (2 children)

Due to this fuckery, my family will literally never by fast food again unless we are traveling.

[–] [email protected] 6 points 5 months ago

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.

[–] [email protected] 21 points 5 months ago

You have to be wealthy to shop at Walmart now. I don't know whether to laugh or cry.

[–] [email protected] 12 points 5 months ago (2 children)

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

[–] [email protected] 15 points 5 months ago

You know shit is bad when you need to be making $80,000 a year to afford to shop at Walmart.

[–] [email protected] 2 points 5 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.

[–] [email protected] 1 points 5 months ago* (last edited 5 months ago)

And their efforts won't likely be all that beneficial to people for some time, if at all... 🫤