America under Bai-Den.
So far, at least five retailers — Target, Walmart, Tapestry, Bath & Body Works and Foot Locker
— have spoken about sales trends across the country getting worse.
As the three-month period went on, shoppers spent less, especially on discretionary merchandise, Target CEO Brian Cornell said on a call with investors. Walmart noticed the same pattern.
Both big-box retailers reported a sharp sales drop after February.
Walmart’s Chief Financial Officer John David Rainey attributed the decline, in part, to the end of pandemic-related SNAP benefits and a decrease in tax refunds. ...
Or it could be something even more serious:
...Stubbornly high prices, especially for food, are a storm cloud that hangs over many families who shop at Walmart, and looms over the retail industry as a whole, the big-box giant’s CEO Doug McMillon said. On a call with investors Thursday, he called the persistent inflation “one of the key factors creating uncertainty for us in the back half of the year.”...
How high are food prices?
For food, inflation has climbed more than 20% on a two-year basis, according to Walmart’s Rainey.
Yes. For obvious reasons, Bai-Den's flacks prefer to forget the Great Inflation of '21-'22 and just talk about '23 because that's only about 5-6%. But '23 prices are 5-6% higher than those of '21-'22, which are a Helluvalot higher than those of, say, the last year of Trump.
That's not coincidence. It is the result of Biden's maliciously destructive policies in energy and spending.
Had enough yet?
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