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Walmart is having trouble selling stuff because people can barely afford food and gas

Posted on 7/29/22 at 7:56 am
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167310 posts
Posted on 7/29/22 at 7:56 am
When Walmart cant sell their cheap Chinese crap that's when you know things are getting tough.


quote:

Retail giant Walmart told investors Monday it is looking to slash prices on items like apparel as it faces an overstock of some goods.

In a statement posted on its website, Walmart mentioned that the higher prices consumers are paying for food and gasoline are cutting into their ability to buy other items, like clothing. The upshot: There are now more of these goods than the company can sell — so it is discounting the prices on them.




NBC Article


Joe said it's not a recession, though.
This post was edited on 7/29/22 at 7:58 am
Posted by Odysseus32
Member since Dec 2009
7323 posts
Posted on 7/29/22 at 7:57 am to
God, the Walmart clothing area is trash
Posted by redstick13
Lower Saxony
Member since Feb 2007
38540 posts
Posted on 7/29/22 at 7:57 am to
Maybe Target will finally take over the world.
Posted by Darth_Vader
A galaxy far, far away
Member since Dec 2011
64610 posts
Posted on 7/29/22 at 7:57 am to
Just imagine how much worse it would be if we were in a recession.
Posted by O
Mandeville
Member since Oct 2011
6463 posts
Posted on 7/29/22 at 7:57 am to
I may not be able to put food on the table but I can sure as hell still roll coal, baws.
Posted by 21JumpStreet
Member since Jul 2012
14654 posts
Posted on 7/29/22 at 8:01 am to
Good, people need to be more minimalist
Posted by dgnx6
Baton Rouge
Member since Feb 2006
68693 posts
Posted on 7/29/22 at 8:01 am to
If liberals believed in climate change they would stop buying Chinese crap.

Posted by PureBlood
The Motherland
Member since Oct 2021
3926 posts
Posted on 7/29/22 at 8:02 am to
Thanks Biden and all of you that voted for him


Seriously, never vote again.
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
41150 posts
Posted on 7/29/22 at 8:03 am to
I posted this on the Poli Board.


Several restaurants in my area have closed recently. These were established places with a decent following. They certainly weren't places that I thought were struggling. In talking to two other restaurant owners, they both told me that in some instances their costs have tripled year over year. One of these was a rural BBQ place. He's going up on his menu prices because he has to, but he's not sure if his customers can handle the increase. He has to go up to cover his costs, but he may go out of business when he does.

We haven't flushed out this mismanagement. The feds have inflated this economy through artificial means since 2008. Now they are trapped in a scenario they don't understand and don't know how to resolve.
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
59676 posts
Posted on 7/29/22 at 8:05 am to
You always posting truck nuts on and off qnd now rolling coal. Your old lady frick a baw behind your back or something?
Posted by Popths
Baton Rouge
Member since Aug 2016
3968 posts
Posted on 7/29/22 at 8:06 am to
I got a small oyster poboy and fries yesterday for 23 bucks. Yikes!!
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
260852 posts
Posted on 7/29/22 at 8:06 am to
quote:

people need to be more minimalist


Yet we're advancing the other way by leaps and bounds.

Dumb people need a lot of stuff to keep entertained.
Posted by GreatLakesTiger24
One State Solution
Member since May 2012
55674 posts
Posted on 7/29/22 at 8:08 am to
recession indicator: cookie monster pajama pants sales plummeting
Posted by Odysseus32
Member since Dec 2009
7323 posts
Posted on 7/29/22 at 8:08 am to
quote:

Several restaurants in my area have closed recently. These were established places with a decent following. They certainly weren't places that I thought were struggling. In talking to two other restaurant owners, they both told me that in some instances their costs have tripled year over year. One of these was a rural BBQ place. He's going up on his menu prices because he has to, but he's not sure if his customers can handle the increase. He has to go up to cover his costs, but he may go out of business when he does.


I believe it.

When my wife and I go out now we expect to spend at least $150 on drinks, food, tip. As a result we go out and have a nice meal at a restaurant once every 6-8 weeks. We feel lucky to even be able to do that.
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167310 posts
Posted on 7/29/22 at 8:09 am to
quote:

recession indicator: cookie monster pajama pants sales plummeting



Yes a slow down in purchasing of all consumer goods is an indicator
Posted by Esquire
Chiraq
Member since Apr 2014
11642 posts
Posted on 7/29/22 at 8:10 am to
quote:

Walmart mentioned that the higher prices consumers are paying for food and gasoline are cutting into their ability to buy other items, like clothing.


Maybe people just have a better sense of style now and don’t want to be seen in Walmart clothes.
Posted by VolsOut4Harambe
Atlanta, GA
Member since Sep 2017
12856 posts
Posted on 7/29/22 at 8:14 am to
But Brandon said the economy is booming. Y'all are just uninformed!

Posted by bayoudude
Member since Dec 2007
24958 posts
Posted on 7/29/22 at 8:14 am to
quote:

Maybe people just have a better sense of style now and don’t want to be seen in Walmart clothes.


Nothing wrong with Walmart clothes. Hell in my little town you have to drive 40+ minutes if you can’t find it at Walmart or tractor supply.
Posted by Horsemeat
Truckin' somewhere in the US
Member since Dec 2014
13541 posts
Posted on 7/29/22 at 8:15 am to
quote:

Now they are trapped in a scenario they don't understand and don't know how to resolve.
They know how to do it but theyre too cowardly to suffer the political repercussions because it's their CAREER.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
260852 posts
Posted on 7/29/22 at 8:15 am to
Everything is understaffed, overpriced and too busy.
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