Article

2022-07-12 Economy

Costco CEO Warns 'A Lot Of Consumers Are In Recession Right Now'

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Posted by Besoeker 2022-07-12 05:18|| || Front Page|| [9 views ] Top

#1 Considering their flood of daily email 'bargain' listings is composed of a lot of non-essential higher end appliances, electronics, furniture and assorted materials, his company doesn't seem as focused on what he's talking about other than the usual bulk food, healthcare items, and common consumables.

Posted by Procopius2k 2022-07-12 07:34|| 2022-07-12 07:34|| Front Page Top

#2 As he points out, the Costco customer is in a higher income bracket, and thus in far less distress. But the sudden, new daily ads campaign suggests that those customers, too, are being considerably more careful what they spend on and how much, and must be actively seduced into considering spending beyond essentials.

Posted by trailing wife 2022-07-12 09:55|| 2022-07-12 09:55|| Front Page Top

#3 I used to go to Sam's Club about 1.5 times a month. Now it's a bit less than once a month.

Posted by M. Murcek 2022-07-12 10:01|| 2022-07-12 10:01|| Front Page Top

#4 A CEO who gets it and knows the messaging coming from the WH about the "best economy ever" is just gaslighting marlarky--They piss down our legs and tell us it's raining.

Posted by JohnQC 2022-07-12 11:10|| 2022-07-12 11:10|| Front Page Top

#5 Sam’s is a 2 hour drive each way - only go when in the town for doctors visits.

Posted by Glenmore 2022-07-12 16:28|| 2022-07-12 16:28|| Front Page Top

#6 Which works out to every month or two...

Posted by Glenmore 2022-07-12 16:29|| 2022-07-12 16:29|| Front Page Top

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