Editor’s Note: Epic Economist does a fine job of disseminating financial news and analysis, but they lean centrist political and always avoid mentioning areas of Cultural Marxism that contribute to the downfall of companies. In this case, it’s crystal clear to our readers that one of the biggest reasons for Target’s recent woes is that they went full-groomer over the summer with LGBTQIA+ Supremacy merchandise pushed aggressively during “Pride Month.” So know that just because the elephant in the room isn’t mentioned in the video, it’s well known by our audience as a root cause of Target’s demise. Here’s Epic Economist…
Target’s products are going to get more expensive this fall. The company’s CEO is warning about tougher conditions for shoppers and also raising the alarm about the state of the U.S. economy. The retailer is one of the biggest general merchandise companies in America, and its household goods, groceries, and clothing are about to face some of the steepest price increases since 2019.
If you are a frequent shopper at other retail giants, you probably have noticed that Target’s prices are already notably higher. Even after offering deep discounts to get rid of inventory in 2022 and bearing a 90% profit drop, the company still had to pass higher supply chain costs to shoppers over the past year. And now, it is trying to stabilize its balance sheet by introducing significant price markups on thousands of products.
The Minneapolis retailer’s chief executive officer has issued a dire warning to U.S. consumers for the second half of the year. Brian Cornell said he expects rising interest rates, which makes credit cards more expensive to use, and higher prices on food and energy to continue to put a strain on shoppers.
The big-box store chain missed sales expectations in the second quarter, and according to its latest earnings report, revenue also came lower than expected. Executives pointed to a growing economic malaise, and uncertainty from the restart of student loan repayments as some of the reasons for the deteriorating outlook for the months ahead. Despite falling sales volumes and a tighter environment for consumer spending, Target says it will have to continue hiking prices to improve profitability and meet its financial goals.
Fiddelke noted that price increases are “always the last lever” the retailer pulls, but “external conditions led us to raise prices across a broad set of items in multiple categories,” he added.
Other retailers are doing the same. Home Depot, the nation’s largest home improvement retailer, reported declining sales in its second-quarter earnings results. The company noted that it’s seeing weak sales volumes in several big-ticket items like patio furniture and appliances. For that reason, it has decided to raise the price of smaller home-improvement items to offset its losses.
At this point, Target is considered as one of the highest-priced retailers of 2023. A Business Insider comparison between Target and other major retailers found that Target’s prices are on average 15% to 25% higher than some of its competitors. With consumers having to cover for the company’s financial losses via higher prices, it’s understandable why Wall Street isn’t seeing a bright future for the retailer in the months ahead.
Americans are sick and tired of price increases, and they are likely to search for better deals at other stores instead of going to Target. Even though the markups may help Target to boost revenue in the short term, it will hurt consumer confidence, and ultimately, do more harm than good to its bottom line in the long run. At a time when big retailers are facing a heightened risk of bankruptcy, Target should be actively considering better strategies to bolster its performance and avoid experiencing even more hardships in the future.
Video and article via Epic Economist.
Survival Beef on sale now. Freeze dried Ribeye, NY Strip, and Premium beef cubes. Promo code “jdr” at checkout for 25% off! FreedomFirstBeef.com
Controlling Protein Is One of the Globalists’ Primary Goals
Between the globalists, corporate interests, and our own government, the food supply is being targeted from multiple angles. It isn’t just silly regulations and misguided subsidies driving natural foods away. Bird flu, sabotaged food processing plants, mysterious deaths of entire cattle herds, arson attacks, and an incessant push to make climate change the primary consideration for all things are combining for a perfect storm to exacerbate the ongoing food crisis.
The primary target is protein. Specifically, they’re going after beef as the environmental boogeyman. They want us eating vegetable-based proteins, lab-grown meat, or even bugs instead of anything that walked the pastures of America. This is why we launched a long-term storage prepper beef company that provides high-quality food that’s shelf-stable for up to 25-years.
At Prepper All-Naturals, we believe Americans should be eating real food today and into the future regardless of what the powers-that-be demand of us. We will never use lab-grown beef. We will never allow our cattle to be injected with mRNA vaccines. We will never bow to the draconian diktats of the climate change cult.
Visit Prepper All-Naturals and use promo code “veterans25” to get 25% off plus free shipping on Ribeye, NY Strip, Tenderloin, and other high-quality cuts of beef. It’s cooked sous vide, then freeze dried and packaged with no other ingredients, just beef. Stock up for the long haul today.
Part of it is globalism, relying on cheap labor in China and Mexico has resulted in equally cheap and unreliable quality goods that end up in landfills soon later. It used to be better to buy old items at thrift stores, because they lasted so long. But now even the thrift stores are full of cheap crap people donated when they downsized recently. I hope voters are happy the Bidens, Clintons, Obamas and Pelosi families became multimillionaires while shipping your jobs overseas. 👹🤡🤬🍦🍦🍦🍦D
Don’t buy there, don’t care.
Die Target die. I won’t be satisfied until they are bankrupt.