Amazon, Walmart, and Target finally realize their colossal pricing mistake—now they’re slashing costs to win back customers (1 Viewer)

[CaughtInThe]

But, remember, it wasn't greedflation



"Amazon Fresh just became the latest big-box retailer to cut costs on thousands of items, following in the footsteps of Walmart and Target in reversing course on years of inflation-induced price hikes in a bid to lure back disgruntled customers.

The company’s Amazon Fresh subsidiary announced Thursday it will slash the costs of 4,000 weekly rotating grocery products by up to 30%. The discounts will apply to both national and Amazon’s store brands."

Amazon, Walmart, and Target finally realize their colossal pricing mistake—now they’re slashing costs to win back customers

Amazon Fresh announced Thursday it would slash prices of 4,000 grocery products, following a similar strategy of other retailers piling on discounts.

finance.yahoo.com

 

[LoreD]

If they can "slash" their prices; it means they were price gouging us before.

 

[Jetboogieman]

Amazon is a trash heap now though, at least with Wal Mart and other stores I can see clearly what I’m buying.

Amazon is awash with fake Chinese crap, I still buy some stuff from there but not nearly as much as I used to.

 

[Jessie C]

But, remember, it wasn't greedflation



"Amazon Fresh just became the latest big-box retailer to cut costs on thousands of items, following in the footsteps of Walmart and Target in reversing course on years of inflation-induced price hikes in a bid to lure back disgruntled customers.

The company’s Amazon Fresh subsidiary announced Thursday it will slash the costs of 4,000 weekly rotating grocery products by up to 30%. The discounts will apply to both national and Amazon’s store brands."

Amazon, Walmart, and Target finally realize their colossal pricing mistake—now they’re slashing costs to win back customers

Amazon Fresh announced Thursday it would slash prices of 4,000 grocery products, following a similar strategy of other retailers piling on discounts.

finance.yahoo.com

I don't care where this shit comes from. If it benefits the Amercian people, bring it. HELLO??? Y'all mothrf*****s bitching about prices, keep complainng. Do you really think the corrupt trump will make it better?

 

[Ginger Ale]

That's good! It will take everything awhile to calm down after the pandemic, people lost a lot of money who had stores. You have to first pay back all your debt from the pandemic before you can lower your price point.

 

[ttwtt78640]

Amazon is a trash heap now though, at least with Wal Mart and other stores I can see clearly what I’m buying.

Amazon is awash with fake Chinese crap, I still buy some stuff from there but not nearly as much as I used to.

Yep, one has to be very careful when buying widgets from any website.

One of my main complaints with Amazon (in particular) is that they ‘bundle’ their customer reviews. For example, they sell multiple variants of some product (say riding lawn mowers of brand X), yet include reviews of any (all?) of them as if they were reviews of a single (identical) product.

It’s almost as bad as pretending that a Corvette is ‘just like’ a Camaro, Colorado or Tahoe - after all they’re all Chevrolet motor vehicles with ‘similar’ characteristics.

 

[Absentglare]

These idiots are about to get a lesson in hysteresis.

1. the phenomenon in which the value of a physical property lags behind changes in the effect causing it, as for instance when magnetic induction lags behind the magnetizing force.

In other words, they’re going to have to cut prices excessively far in order to precipitate the consumer spending habit changes they’re going for. People are going to keep the momentum up and have already learned new habits that won’t be broken easily.

 

[EnigmaO01]

Many years ago I worked at a grocery store when we had REAL inflation (double digit) in the early 1970's. Ever week we had to up the prices on canned goods with an ink stamper. Owner made out like a bandit as he upped the prices on EVERYTHING on the shelf including the previous weeks lower prices.

 

[ttwtt78640]

Many years ago I worked at a grocery store when we had REAL inflation (double digit) in the early 1970's. Ever week we had to up the prices on canned goods with an ink stamper. Owner made out like a bandit as he upped the prices on EVERYTHING on the shelf including the previous weeks lower prices.

Yep, everything with the same barcode/SKU gets sold at the same (increased) price.

 

[Helix]

Price. Fair price. That's not what you say it is. That's what the market will bear.

Raising Arizona (1987) - IMDb

Raising Arizona (1987) Randall 'Tex' Cobb as Leonard Smalls

www.imdb.com

 

[CaughtInThe]

Amazon is a trash heap now though, at least with Wal Mart and other stores I can see clearly what I’m buying.

 

[The Hairy Fiddler]

That's good! It will take everything awhile to calm down after the pandemic, people lost a lot of money who had stores. You have to first pay back all your debt from the pandemic before you can lower your price point.

Indeed...waiting for orange man to let his cult know that the price decrease is because he's leading in the polls...leading by more than anyone ever has.

 

[Ginger Ale]

Indeed...waiting for orange man to let his cult know that the price decrease is because he's leading in the polls...leading by more than anyone ever has.

Huuugely leading!!

 

[Felis Leo]

Amazon is a trash heap now though, at least with Wal Mart and other stores I can see clearly what I’m buying.

Amazon is awash with fake Chinese crap, I still buy some stuff from there but not nearly as much as I used to.

Seriously. With all that low-quality garbage plus the sheer amount of fake five-star reviews, I might as well shop at Temu or Ali Express.

 

[Tbird19482]

Many years ago I worked at a grocery store when we had REAL inflation (double digit) in the early 1970's. Ever week we had to up the prices on canned goods with an ink stamper. Owner made out like a bandit as he upped the prices on EVERYTHING on the shelf including the previous weeks lower prices.

now they can do it by just going into the computer and change the bar code,
besides the high prices have to be all Biden's fault it couldn't have been the big stores making HUGE profits.
Have a nice day

 

[Felis Leo]

Yep, one has to be very careful when buying widgets from any website.

One of my main complaints with Amazon (in particular) is that they ‘bundle’ their customer reviews. For example, they sell multiple variants of some product (say riding lawn mowers of brand X), yet include reviews of any (all?) of them as if they were reviews of a single (identical) product.

It’s almost as bad as pretending that a Corvette is ‘just like’ a Camaro, Colorado or Tahoe - after all they’re all Chevrolet motor vehicles with ‘similar’ characteristics.

They bundle reviews? Well, that explains why I see literally thousands, sometimes tens of thousands of weirdly glowing reviews for items that I would expect hardly anyone in their right mind to go out of their way to review, like screws or masking tape.

 

[dmpi]

Many years ago I worked at a grocery store when we had REAL inflation (double digit) in the early 1970's. Ever week we had to up the prices on canned goods with an ink stamper. Owner made out like a bandit as he upped the prices on EVERYTHING on the shelf including the previous weeks lower prices.

With our current epidemic of theft and shoplifting, inventory on the self is more of a liability than an asset.

 

[Questerr]

With our current epidemic of theft and shoplifting, inventory on the self is more of a liability than an asset.

Boomers really do fall for every single fear mongering click bait article they see.

Curious why we never hear a word from conservatives about the largest form of theft in America, the one that outstrips all other forms of theft combined?

 

[EnigmaO01]

With our current epidemic of theft and shoplifting, inventory on the self is more of a liability than an asset.

Epidemic of shoplifting? Inventory a liability? A little hyperbolic don't you think?

 

[Noodlegawd]

Amazon is a trash heap now though, at least with Wal Mart and other stores I can see clearly what I’m buying.

Amazon is awash with fake Chinese crap, I still buy some stuff from there but not nearly as much as I used to.

Can you give an example of "fake Chinese crap" for sale by Amazon, where an alternative exists that isn't "fake Chinese crap" but that alternative is not also sold by Amazon?

 

[ClaraD]

Amazon is a trash heap now though, at least with Wal Mart and other stores I can see clearly what I’m buying.

Amazon is awash with fake Chinese crap, I still buy some stuff from there but not nearly as much as I used to.

I go to Amazon for some stuff, especially if I don't want to wait long for it....but if I am not worried about it being Chinese made...I go to Shein or Temu....no different than what you get on Amazon and cheaper most of the time..

 

[L88]

Oh, so the free market works?
Awesome

 

[Rumblefish]

Huuugely leading!!

Leading the likes of which has never been seen!! LoL!!

 

[Schweddy]

That's good! It will take everything awhile to calm down after the pandemic, people lost a lot of money who had stores. You have to first pay back all your debt from the pandemic before you can lower your price point.

It's really the ole supply vs demand equation along with a bullwhip effect from the pandemic. Suppliers have accumulated too much stock and rode out as long as they could with the higher prices.

These price reductions show that we are starting to get back to "normal", but don't celebrate yet, prices will increase again soon just not as much. This along with election season are reducing costs temporarily.

There will likely be a ton of layoffs in mfg/supplier sectors probably around December after the election.

 

[dobieg]

It's really the ole supply vs demand equation along with a bullwhip effect from the pandemic. Suppliers have accumulated too much stock and rode out as long as they could with the higher prices.

These price reductions show that we are starting to get back to "normal", but don't celebrate yet, prices will increase again soon just not as much. This along with election season are reducing costs temporarily.

There will likely be a ton of layoffs in mfg/supplier sectors probably around December after the election.

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If prices continue to trend down or even stay flat we're also likely to see companies post lower eanrings growth which will likely lead to cost cutting. That usually means employees which means a possible recession.