Brick-and-Mortar Meltdown Fells another Retailer: Joann Inc. Files for Bankruptcy 3 Years after IPO by Wolf Richter • Mar 18, 2024 • 96 Comments The IPO allowed the PE firm that had acquired Joann via an LBO in 2010 to dump the shares into the lap of the public.
Walmart and Total Ecommerce Sales in the US by Wolf Richter • Feb 20, 2024 • 80 Comments The share of US ecommerce sales in Q4 hit a record, surpassing the crazy days of 2020 for the first time.
It Sucks Being a Retailer in January and February. But Do Retail Sales Show Consumers Cut Back? by Wolf Richter • Feb 15, 2024 • 72 Comments A good time to look at seasonality and inflation/deflation in retail sales, especially as prices of goods have dropped.
US Movie Ticket Sales -46% in 2023 from 21 Years Ago: AMC and the Movie Theater Meltdown by Wolf Richter • Jan 22, 2024 • 135 Comments Americans have changed how they watch movies. They watch more than ever, but at home.
Our Drunken Sailors Push Back Against Rate-Cut Mania by Wolf Richter • Jan 17, 2024 • 229 Comments Armed with income increases that outran inflation by a wide margin in 2023, they continue to splurge, no matter what.
Inflationary Aspects of Spiking Corporate Profits by Major Industry: Starting All Over Again, Good Lordy! by Wolf Richter • Dec 21, 2023 • 145 Comments Inflation is like so not defeated? Jacking up prices faster than costs are rising creates stunning profits. Strong demand sees to it that companies can do it.
Our Drunken Sailors Go Splurging Online, at Auto Dealers, and Massively at Bars & Restaurants (YOLO) by Wolf Richter • Dec 14, 2023 • 133 Comments The three account for 50% of retail sales. People blowing their disposable income that outran inflation by a wide margin this year.
PE Firms & Distressed Debt Funds to Get Mall Landlord PREIT in Prepackaged Bankruptcy Filing #2 by Wolf Richter • Dec 11, 2023 • 53 Comments Now they get to deal with the brick-and-mortar meltdown.
Walmart: Consumers No Longer Willing to Pay Whatever. Prices of Goods Fall Broadly, as Inflation Shifted to Services by Wolf Richter • Nov 16, 2023 • 162 Comments Food is the exception and pricing levels “continue to be a concern”: Walmart CEO. Sky-high food prices rose further.
Surging “Mortgage Demand” and “Declining Spending,” Really? Let’s Have a Look at Reality by Wolf Richter • Nov 15, 2023 • 88 Comments Home buyers “seize a dip in rates” and rush into the housing market, LOL?
