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#retail

25 posts23 participants1 post today
Public
Bibliolater 📚 📜 🖋

**'Dumpster fire': Retailers urge shoppers to buy now before tariffs raise prices**

_“Let's skip the corporate-speak: This tariff situation is a complete dumpster fire, and we're all getting burned. Here's the situation: Costs are up, and unfortunately, our prices will have to follow suit,”_

🔗 cnbc.com/2025/05/04/retailers-.

#Tariffs #Economy #Economics #Inflation #Retail @economics

Public
C.

For $REASONS, I wanted to buy something locally. Looking online, I ended up finding it in stock at #Visions, so I bought it there and paid online, and chose the pick up option. Because they do "free" shipping, if you pick up you get a gift card for a few bucks as a discount.

But that gift card expires in, like, a month, so I had $35 burning a hole in my pocket. I went back there today to spend it on a MicroSD card that would just about use the whole amount.

And boy, was it difficult to get them to complete the sale without giving them my name, address, and all the rest. Eventually prevailed, but ... I haven't seen this level of aggressive info collection on walk-in customers since Radio Shack was still a (real) thing.

Do brick-and-mortar retailers not realize just how off-putting this sort of thing is?

#retail#retailer#BrickAndMortar
Public
Emeritus Prof Christopher May

The use of cash continues to be a subject for discussion (as it was here yesterday), but it still accounts for a significant if falling component of consumer purchases.

This relatively fast drop has of course been engineered by banks that have made the use of cash both more difficult (by closing ATMs & branches) and more expensive to bank for retailers.

The Q. is how far will this fall continue & will cash stabilise at some level of use, driven by consumer preference(s)?

Chart: Cash Crunched Percentage of retail payment made in notes & coins Shows transactions falling from nearly 70% in 2020 to less than 50% in 2024, while the value of these transactions has fallen from 55% to just over 40% in the same period
#economics#retail
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