A 30% stock plunge, collapsing store traffic, and margin pressure all point to the same thing: Affluent shoppers are rattled and recession fears are rising
Not just a recession but a stagflation looks likely in the future.
Got myself a costco membership specifically because of their recent position in the news. In the process of getting the card and official entering the store I had 3 different people stop me to complement my invader zim shirt. I’ve never felt so welcome before.
Well I don’t doubt tariffs and inflation are having an effect here. Let’s not forget Target abandoned their DEI goals and programs.
https://www.pbs.org/newshour/politics/target-says-it-is-ending-its-dei-goals-and-programs-citing-an-evolving-external-landscape
Costco did not, they doubled down. There quarterly earnings will be reported on the 29th of May.
Got myself a costco membership specifically because of their recent position in the news. In the process of getting the card and official entering the store I had 3 different people stop me to complement my invader zim shirt. I’ve never felt so welcome before.
Last order was 2/9/25. I was a multi-day-per-week shopper at Target. Fuck them, I hope they burn.