CharlieMcHenry, to starbucks
@CharlieMcHenry@connectop.us avatar

Trouble brewing at with recent price hikes, boycotts and political pressures.

https://www.bbc.com/news/articles/c5115lgd592o

AEGISAlliance, to memes
@AEGISAlliance@mastodon.social avatar

This inflation that started during COVID in 2020 is actually just corporate greed when corporations across the country had been seeing record breaking profits in 2021 and 2022.
Follow AEGIS on FB: https://facebook.com/AEGISAlliance
https://theaegisalliance.com
#memes #dankmemes #business #economy #economics #greed #corporategreed #inflation #mcdonalds #target #retail #shopping #food #fastfood #foodies

30yrdscreamer, to random
@30yrdscreamer@mastodon.me.uk avatar

This is why the uk high street is in trouble.

Go onto store website - product is £15
Go into store - product is £20
The store can't negotiate down to the website price. They're literally undercutting themselves

danieldurrans,
@danieldurrans@mastodon.me.uk avatar

@30yrdscreamer In my recent experience:

  • Store item is soiled
  • Store doesn't have range of sizes for you to try on
  • Store doesn't have range of colours so you can see what it actually looks like
  • Store is closed when it is convenient for me to shop

... but you can buy it online with free returns!

ashen_arbor, to maryland
@ashen_arbor@achrilock.social avatar

https://www.theguardian.com/technology/article/2024/may/15/apple-union-workers-strike-vote-bargaining-delay | Apple store workers vote to authorize first strike over bargaining delays |

"Workers at the first Apple store in the US to have unionized, in Towson, Maryland, have voted to authorize a strike as progress in bargaining for a first contract has stagnated.

They could be the first Apple retail store workers to ever go on strike." |

etherdiver, to random
@etherdiver@ravenation.club avatar

Oh shit, Sam Ash music stores are all closing. Literally the end of an era; they've been around for 100 years!

Most of us who've been doing this music thing for years have bought something from a Sam Ash store in person or online at some point. Pore one out, I guess...

https://www.local10.com/news/local/2024/05/03/sam-ash-closing-its-doors-after-serving-musicians-for-100-years/

elroachy,

@etherdiver and the article mentions the exact Sam Ash store I’m reminiscing about (Clearwater)

etherdiver,
@etherdiver@ravenation.club avatar

@elroachy yeah, I spent untold hours in the one outside of Houston back in the day

jrefior, to Amazon
@jrefior@hachyderm.io avatar

Another small business that went from doing well to nearly bankrupt by partnering with Amazon.

"[we sent] five pallets of product to Amazon over the holiday season and they delayed receipt into their warehouses for nearly three months as our products were not a priority for their holiday sales... we ran out of stock on almost all our listings, subscribe and save couldn't be filled, cancelled people's orders without explanation..."
https://www.helpforibs.com/news/newsletter/24/amazon-weve-left.html

ProPublica, to China
@ProPublica@newsie.social avatar

Chinese Organized Crime’s Latest U.S. Target: Gift Cards

Chinese crime rings already dominate the illegal marijuana trade in the U.S. and launder cocaine and heroin profits.

Now a federal task force is investigating their role in a burgeoning form of gift card fraud.

https://www.propublica.org/article/chinese-organized-crime-gift-cards-american-retail

ChrisMayLA6, to random
@ChrisMayLA6@zirk.us avatar

In the continuing saga of John Lewis Partnership's struggle to restore economic health & to retain its vaunted partnership culture, the replacement for Sharon White (who is stepping down after being the shortest serving chair in the Partnership's history), is a veteran of..... Tesco.

Jason Tarry, will take up the Chair after over 30 years of working for the supermarket ending up as England & NI CEO.

He's said he's 'long been an admirer of the employee-ownership model'... hmmm

h/t FT

Snowshadow, to news
@Snowshadow@mastodon.social avatar
jrefior, to Amazon
@jrefior@hachyderm.io avatar

Retailers are selling digital ads for third parties more than ever before. It's now a $50 billion industry.

"Amazon dominates media, taking in about three-quarters of all ad dollars. 'Advertising has a [profit] margin of something like 30 to 40%, so at least 10 times as much as they earn on the products they sell'"

It's likely that is also the main reason 's plans to close 150 stores.
https://www.marketplace.org/2024/03/13/retailers-like-macys-want-a-bigger-slice-of-e-commerce-ad-sales/
https://www.emarketer.com/content/retail-media-ad-spend-will-reach-over-100b-by-2027

fulanigirl, (edited ) to random

I don't usually post economic info unless its related to abolition, but I do wonder if with the noise around the election people are missing how companies continue to f**k over consumers.
(1) Remember when Macy's was allowed to buy up all those dept stores that served lower and mid range buyers like Hect's and Belks? Now Macy's is going on another round of store closing and has decided to focus on high end retail. 1/3 https://www.theguardian.com/business/2024/feb/27/macys-store-closures?0=utm_source=ground.news&1=utm_medium=referral

fulanigirl,

Walmart AND Target have decided they will be like Amazon (a business we know to be predatory) and start charging people for the privilege of spending their own money at those stores. https://www.consumeraffairs.com/news/target-takes-on-prime-and-walmart-with-new-membership-programs-031224.html

This on top of vulture capitalists forcing the closing of Bed, Bath and Beyond. Local businesses were killed for the box stores and now there isn't anything left to replace them. 2/3

fulanigirl,

And with grocery chains merging...soon we won't even be able to say what we want to buy to eat. https://ir.kroger.com/news/news-details/2024/Kroger-Albertsons-and-CS-Statement-on-Merger-Timeline-to-Close/default.aspx
I wonder at what point consumers will decide they've had enough and fight back? Or, will we have to have underground shopping, like underground music, and underground schools, and underground...I think you get my point. 3/3

ProPublica, to Finance
@ProPublica@newsie.social avatar

Bought a App and Reduced Protections. Guess What Happened Next?

The giant has long sought to become a financial powerhouse.

But after it acquired a neobank called One in 2022, fraud complaints multiplied and customer reviews cratered.

https://www.propublica.org/article/after-walmart-bought-finance-app-one-complaints-soared?utm_medium=social&utm_source=mastodon&utm_campaign=mastodon-post

zachvat,
@zachvat@newsie.social avatar

@ProPublica

America will be great again when the last Supercenter closes.

GhostOnTheHalfShell, to Economics
@GhostOnTheHalfShell@masto.ai avatar

Mar 9

10 min video

Your own very special price, just for you.

https://youtu.be/2P8bN7JfK1Y

WhippoorwillSong, to ethelcain
@WhippoorwillSong@mstdn.social avatar

Pop music oldies from 50 years ago are really showing staying power.

I got to "play hooky" and had a day off work today. Went to the mall, and heard Rasputin by Bony M, and some Supertramp song, playing in the mall sound system.

It occurred to me how old those songs are now. That would've been like me hearing big band music at the mall growing up... which never happened. Even the elevator muzak was more contemporary back then.

What happened? Culturally?

billyjoebowers,
@billyjoebowers@mastodon.online avatar

@WhippoorwillSong

This is my rant for the last 20 years or so;

The rate of change in popular culture has significantly slowed in the last 30 years. And if you do the math I thought that was noticeable by the beginning of the 2000s.

Music, movies, fashion, etc. really don't change like they used to in the previous 100 years, and it seems like it keeps getting slower.

leanlearnlead, to business

The head of The Body Shop Canada Ltd. says it's seeking creditor protection because its parent company stripped its Canadian arm of cash and pushed it into debt.

https://www.ctvnews.ca/business/the-body-shop-canada-parent-took-revenue-left-company-3-3m-in-debt-court-docs-1.6793493

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