Tuesday, May 2, 2023

 inflation, brought to you by those in power, intentionally;


Costco is facing a lot of pressure right now. Shoppers are reporting extreme price increases, while food and product shortages are forcing the company to discontinue a long list of items and reintroduce purchasing limits at its warehouses. Several reports reveal that the wholesaler’s supply chain is eroding, and that is leading the company to close some locations across the country and consider shutting down all of its famous food courts. But the retailer’s problems don’t end quite there. Bloomberg just reported that Costco registered its worse sales levels since the onset of the pandemic, and markets reacted by sending its stock right to the ground. Given all the turmoil the warehouse chain is facing, analysts are starting to question whether Costco is going to get through the crisis in retail intact or suffer some distressing consequences.
Something strange seems to be happening at Costco warehouses right now. The chain famously known for its cost-saving deals and fair prices is now dealing with increasing backlash for its eye-popping price increases. Consumers are reporting price hikes of almost 100% on basic items, while others note that their weekly purchases at Costco have gone up by $100 in a short few months. The revelations are quite shocking, with some people arguing that the company may be price gouging its customers.
“Chicken pot pies went from $16 to $30. Not buying those anymore,” commented one shopper. “I SWEAR the Bone Sipping Broth was 10.99 just 2 years ago. Now it’s 19.99,” marking an almost 100% surge, according to the shopper. “Our $400 trips have turned into $500 trips seemingly overnight,” shared another person on Reddit.......more........

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