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re: Target to cut prices on 5,000 products in bid to lure cash-strapped customers

Posted on 5/21/24 at 6:45 am to
Posted by LanierSpots
Sarasota, Florida
Member since Sep 2010
62191 posts
Posted on 5/21/24 at 6:45 am to
quote:

That's just gonna piss people off thinking they were being gouged.


They kept raising prices until they got too high. Now they are backing them down.


They can stick their high priced woke bullshite up their arse.

Posted by thebigmuffaletta
Member since Aug 2017
13310 posts
Posted on 5/21/24 at 7:56 am to
quote:

But muh inflations


Inflation is why they’re cutting prices. Inventory levels rose and sales slowed due to inflation so the natural response is to lower prices to move inventory and generate revenue.
Posted by tigerpawl
Can't get there from here.
Member since Dec 2003
22468 posts
Posted on 5/21/24 at 8:05 am to
I've had it with retailers - including car dealerships - who took unfair advantage of the COVID bullshite to hike prices, even if their costs didn't increase. Srew 'em.
Posted by RaginCajunz
Member since Mar 2009
5466 posts
Posted on 5/21/24 at 9:10 am to
quote:

Inflation is why they’re cutting prices. Inventory levels rose and sales slowed due to inflation so the natural response is to lower prices to move inventory and generate revenue.



Basic Supply and Demand eludes most people it seems.

Posted by Dairy Sanders
Member since Apr 2022
1298 posts
Posted on 5/21/24 at 10:24 am to
quote:

excited for Target's PRIDE month celebration


No?
Posted by Dairy Sanders
Member since Apr 2022
1298 posts
Posted on 5/21/24 at 10:29 am to
quote:

They’re supposed to maximize profit for shareholders but this has been unreasonable.


And that’s the rub. The majority of their shares are held by major investment/asset management companies - Blackrock, Vanguard, and State Street. The leaders of those companies are the ones pushing that ESG/woke bullshite. Pretty sure if you looked at their personal finances/affairs, you would find out why they are really pushing it.
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