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re: Retailers in trouble or WMT and AMZN leaving them in the dust?
Posted on 12/6/24 at 7:51 am to DarthRebel
Posted on 12/6/24 at 7:51 am to DarthRebel
Americans definitely feel the economy is weak but often the statistics don't show it.
Take my MIL for instance. Her net worth as a retired person is up 3x compared to 2021 because of stocks and home appreciation. Her buying power is significantly more. However, gas is up 10% and food is up 25% so she feels the economy is weak. She could easily downsize from her 4BR/2.5BA home as a single person and unlock $500k ($300k more than in Jan 2021); however, she'd rather stay and worry about a few thousand extra in gas and food payments per year.
She's not the norm but she's part of "the economy is weak" despite her net worth being up 3x in the past 3.5 years.
She has a government pension that has been inflation adjusted to $90k+/yr despite her never making $90k/yr once in her career. With Garret Graves bill on reforming Social Security, she's poised to get Social Security benefits which will bring her annual government-funded compensation to $110k+/yr. Which is absurd as she retired at 62 and is very healthy with at least another 15-20 years of life.
(FYI - she never paid Social Security taxes but will qualify if Garret Graves's bill passes the Senate and is signed).
I'm sure she'll continue to complain about the economy until the MSM tells her is it's better.
Take my MIL for instance. Her net worth as a retired person is up 3x compared to 2021 because of stocks and home appreciation. Her buying power is significantly more. However, gas is up 10% and food is up 25% so she feels the economy is weak. She could easily downsize from her 4BR/2.5BA home as a single person and unlock $500k ($300k more than in Jan 2021); however, she'd rather stay and worry about a few thousand extra in gas and food payments per year.
She's not the norm but she's part of "the economy is weak" despite her net worth being up 3x in the past 3.5 years.
She has a government pension that has been inflation adjusted to $90k+/yr despite her never making $90k/yr once in her career. With Garret Graves bill on reforming Social Security, she's poised to get Social Security benefits which will bring her annual government-funded compensation to $110k+/yr. Which is absurd as she retired at 62 and is very healthy with at least another 15-20 years of life.
(FYI - she never paid Social Security taxes but will qualify if Garret Graves's bill passes the Senate and is signed).
I'm sure she'll continue to complain about the economy until the MSM tells her is it's better.
This post was edited on 12/6/24 at 7:59 am
1
Posted on 12/6/24 at 8:07 am to Hmanhunt
Unfortunately, Amazon killed all the retail competition years ago by not charging sales taxes and being able to burn money (start up / investors funded).
Posted on 12/6/24 at 8:37 am to cgrand
quote:and there it goes
SHOP is getting a lot of attention
Posted on 12/6/24 at 9:12 am to LStU
Americans definitely feel the economy is weak but often the statistics don't show it.
___________
This!
___________
This!
Posted on 12/6/24 at 8:41 pm to KWL85
really informative interview with loop capital retail analyst; discusses SHOP, WMT, DG, DT
Loading Twitter/X Embed...
If tweet fails to load, click here. Posted on 12/7/24 at 11:48 am to Billy Blanks
Walmart is getting more and more of my online purchases. I now check Amazon and Walmart to compare prices.
Posted on 12/17/24 at 2:47 pm to UptownJoeBrown
SHOP almost to 120
yeehaw
yeehaw
Posted on 1/31/25 at 8:52 am to cgrand
quote:120.5
SHOP almost to 120
52-wk high
stock price has doubled since summer 24
Posted on 1/31/25 at 10:02 am to cgrand
When is my ETSY going to make a run?
Posted on 1/31/25 at 10:13 am to notiger1997
quote:
When is my ETSY going to make a run?
Never. Ordering from there is a nightmare. It's a last resort for me.
Posted on 1/31/25 at 10:21 am to lsu13lsu
quote:
Unfortunately, Amazon killed all the retail competition years ago by not charging sales taxes and being able to burn money (start up / investors funded).
Amazon seems like it peaked as an online retailer, and they probably don’t care given it’s their least lucrative line of business.
Yesterday, UPS announced it’s actively reducing its contracts with them, which followed FedEx.
I’m not sure how well the Prime model works after the shippers start actively rejecting subsidization of that portion of the business instead of competing for it.
Posted on 1/31/25 at 10:43 am to notiger1997
quote:
When is my ETSY going to make a run?
quote:this was 11/26 ETSY closed at 54. on 12/16 it closed at 61
I said what the hell and just bought $1500 worth
one year ago it was 73
i'd set a stop at 55 and ignore it
Posted on 1/31/25 at 10:44 am to lsuconnman
quote:
I’m not sure how well the Prime model works after the shippers start actively rejecting subsidization of that portion of the business instead of competing for it.
S
H
O
P
Posted on 1/31/25 at 11:09 am to DawgCountry
“ the economy isn’t binary,it’s possible some people think it’s good,and some don’t”
Well,mortgages /rent are up.Automobiles are up and food prices are up.
Wife and I haven’t been affected by the economy but we rarely go to restaurants,keep our cellphones til they die,don’t get tattoos,don’t patronize vape shops (which seem to be everywhere).Never been to Starbucks in my life,keep our automobiles for years,etc,etc.
We do have a very good income also.
From what I observe many people spend too much money on non-essentials which in turn puts them in a bind to pay for essentials.
The number of people I see with mutiple tattoos is mind boggling,they aren’t cheap I’m sure.
Well,mortgages /rent are up.Automobiles are up and food prices are up.
Wife and I haven’t been affected by the economy but we rarely go to restaurants,keep our cellphones til they die,don’t get tattoos,don’t patronize vape shops (which seem to be everywhere).Never been to Starbucks in my life,keep our automobiles for years,etc,etc.
We do have a very good income also.
From what I observe many people spend too much money on non-essentials which in turn puts them in a bind to pay for essentials.
The number of people I see with mutiple tattoos is mind boggling,they aren’t cheap I’m sure.
Posted on 1/31/25 at 11:32 am to notiger1997
quote:
When is my ETSY going to make a run?
ETSY’s getting overrun by the TEMU model. I don’t know if it’s poetic or ironic, but I saw a complaint yesterday from a seller. Apparently she sold digital art downloads and was surprised when someone bought them and then set up their own shop and began reselling it on ETSY and Ali Express.
The genius of it all is the Temu crews scale it so quickly they can game the algorithm to actually crowd out the original creators’ shops.
Posted on 1/31/25 at 11:55 am to tom
quote:as someone who just flew to Disney and back, if this is a weak economy, i must be missing something
when the economy is weak
Posted on 2/1/25 at 2:16 pm to KennytheTiger
quote:
Agree that it is not binary. But it is measurable in ways that don't involve feelings. GDP, employment numbers, wages, inflation, .....
We are on the financial board, not the politics one.
Last year, the more upscale companies such as SBUX had same-store revenue decline YoY, while the more downscale companies like Walmart had increases.
Shows that overall, people are worried and trying to cut back on spending.
Posted on 2/1/25 at 2:20 pm to Hmanhunt
I would avoid retailers unless they have a strong online/delivery presence.
Posted on 2/1/25 at 2:22 pm to kaaj24
How can one invest in Temu?
Posted on 2/1/25 at 4:28 pm to SmackoverHawg
Isn’t that China?
I’ve got a little burnt holding some Chinese entities.
Will never directly invest in that market.
I’ve got a little burnt holding some Chinese entities.
Will never directly invest in that market.
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