Re:Walmart Didn’t Kill the Small Town, It Is the Small Town
by no_wizard on Friday July 28, 2023 @11:25AM
(#36908258)
This happened in 2008 too with the housing downturn. Part of the store boom I participated in was fueled by that growth.
The problem is they can’t manage to keep most of them once the economy bounces back, and growth slows significantly (their top line growth was only 2-4% per year for most of the 2010s and they still aren’t profitable on e-commerce)
Maybe since inflation is a different beast it will capture more consumers like this, we shall see
Re:Walmart Didn’t Kill the Small Town, It Is the Small Town
by gottorf on Friday July 28, 2023 @11:41AM
(#36908548)
We shall see, indeed. I believe that this round of inflation is going to stick around for a while for to geopolitical reasons: decreasing globalization, China no longer exporting deflation to the rest of the world. As someone who has only ever seen sovereign bond yields go down over time, it'll be interesting.
Re:Walmart Didn’t Kill the Small Town, It Is the Small Town
by jxramos on Friday July 28, 2023 @11:30AM
(#36908345)
very interesting, I wonder if they picked up on my demographic and kept pestering for reviews and feedback when I let it out regarding my price experience shopping there and noting explicitly the lack of inflation increase I had seen elsewhere at the other stores I frequent. I definitely contributed a data point to these reports referenced above.
Inflation is doing the trick[0]. For several quarters, they've reported marked increases in the share of higher-income shoppers, especially for groceries.
[0]: https://www.axios.com/2023/05/18/inflation-walmart-prices-ea...