Article

2022-01-21 Economy

Target CEO Says Consumers To Shop Less, Stay Home Amid Inflationary Storm

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Besoeker 2022-01-21 00:20|| || Front Page|| [13 views ] Top

#1 They'll shop less because there's less stuff to buy. But they'll spend more money doing it.

Posted by Glenmore 2022-01-21 00:32|| 2022-01-21 00:32|| Front Page Top

#2 Many Americans won't stop shopping until their credit cards are canceled.

Posted by Bubba Lover of the Faeries8843 2022-01-21 00:47|| 2022-01-21 00:47|| Front Page Top

#3 I didn't have any problem with the 17% mutual fund rates (in the 80's). We just chose not to purchase anything we didn't need.

Posted by The Walking Unvaxed 2022-01-21 00:55|| 2022-01-21 00:55|| Front Page Top

#4 Bread & circuses (21st c version)
...Apparel and footwear will be hit hard
...Food staples will be OK - but Starbucks and packaged foods will be hit hard (how the hell can you keep buying cereal at $5 a 12-oz box?)
...Gambling and stock trading will suffer: the 5m+ little retail moron-muppets who bought "meme stock" garbage with their stimulus checks have lost 50-90% of their savings and have nothing left to invest in 2022
... Liquor Tobacco and Video Games: biggest winners in the consumer economy, followed by Hotels and Airlines as COVID-insanity collapses over the next 6-8 weeks

Posted by Merrick Ferret 2022-01-21 01:30|| 2022-01-21 01:30|| Front Page Top

#5 Lets see,
Less stuff to buy, Limits, lines, stores following Government mandates, playing social issues and following politics etc, etc, etc. Yep! Sure sounds remittance of a country back in the 1960-1990's.

BTW: What I saw at WALLY WORLD and other Stores on 1-20-22

Certain Frozen Food dinners/pizza's Depending on brand and item type were OUT.

Certain brand Name Canned goods and packaged items OUT.

Milk, eggs and etc. - coolers far from fully stocked.

Bread well picked over.

Plenty of Smith Field Bacon @ $6.89+lb. available.

Other stores (Kroger, ALDI, Lidl, KJ's and Food Loin) all have similar situations. All depending on brand names and item types.

BUT ! ☺ There is plenty of TP and paper towels still on the shelves.

Posted by NN2N1 2022-01-21 05:35|| 2022-01-21 05:35|| Front Page Top

#6 But do you think for one minute corporate America might see that corporate support for dems put things where they are now, and maybe stop doing that? Nah. Too obvious.

Posted by M. Murcek 2022-01-21 06:52|| 2022-01-21 06:52|| Front Page Top

#7 /\ As long as the ~~company~~ gov't store remains open and the 'mom & pops' continue to be eradicated, support for dems and the socialist dream will continue.

Posted by Besoeker 2022-01-21 06:56|| 2022-01-21 06:56|| Front Page Top

#8 Well I sure as fuck ain't shopping at your over priced store.

Posted by DarthVader 2022-01-21 08:01|| 2022-01-21 08:01|| Front Page Top

#9 It's a given in the financial media that "we spend too much," until we don't spend enough. We also "don't save enough," until we suddenly don't spend enough.

Posted by M. Murcek 2022-01-21 08:13|| 2022-01-21 08:13|| Front Page Top

#10 /\ Bottom line...it's all our fault !

Posted by Besoeker 2022-01-21 09:02|| 2022-01-21 09:02|| Front Page Top

#11 current price per share is about 215 (off quite a bit today)

but at the beginning of the pandemic panic in March 2000, the price per share was about 100. It was about 30 per share at the bottom of the 2008-9 recession.

Posted by Lord Garth 2022-01-21 10:20|| 2022-01-21 10:20|| Front Page Top

#12 On the other hand, Berkshire Hathaway A class shares are $458,675 today, but on 1 Feb 1990 were just $7455. Back then I had the $ but not the nerve to invest that much. I lost well over that much in much poorer investments over the next 10 years.

Posted by Bubba Lover of the Faeries8843 2022-01-21 17:47|| 2022-01-21 17:47|| Front Page Top

22:57 Slats Lover of the Ostrogoths6701
22:52 Slats Lover of the Ostrogoths6701
22:48 Slats Lover of the Ostrogoths6701
22:32 Merrick Ferret
22:11 Merrick Ferret
21:23 Merrick Ferret
21:14 ed in texas
21:00 Anomalous Sources
20:36 CrazyFool
19:59 Gpa Cooky
19:56 SteveS
19:56 Ebbomoger Speaking for Boskone4589
19:31 Ebbomoger Speaking for Boskone4589
19:29 Ebbomoger Speaking for Boskone4589
19:28 Ebbomoger Speaking for Boskone4589
18:57 swksvolFF
18:55 Airandee
18:43 CrazyFool
18:39 CrazyFool
18:17 Bubba Lover of the Faeries8843
18:14 Bubba Lover of the Faeries8843
18:07 JohnQC
18:06 Bubba Lover of the Faeries8843
18:05 swksvolFF