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?
Overindebted Out-of-Cash Sleep Number Blames Consumers for Results of Years of Mismanagement. Shares Collapsed 92% from Peak Consensual Hallucination by Wolf Richter • Nov 8, 2023 • 125 Comments This is the kind of chart my pantheon of Imploded Stocks is full of, driven by what I call “consensual hallucination” that then vanished.
Our Drunken Sailors Now Guzzling Directly from Punch Bowl: Powell, You Looking? Splurging Online, at Restaurants & Auto Dealers. YOLO by Wolf Richter • Oct 17, 2023 • 148 Comments Consumers still on a buying binge at retailers, fired up by big income increases that this year outran goods-inflation by a wide margin.
Sign of Tight Labor Market, Strength of Ecommerce: Amazon to Hire 250,000 for Holidays, up from 150,000 Last Year, Boost Wages, Offer Sign-on Bonuses by Wolf Richter • Sep 20, 2023 • 48 Comments While fewer and fewer Americans head to the malls.
Our Drunken Sailors Splurged at Stores & Auto Dealers amid Lower Prices of Durable Goods, Partied at Eating & Drinking Places, and Paid an Arm and a Leg at Gas Stations by Wolf Richter • Sep 14, 2023 • 166 Comments They spent a record amount more at bars & restaurants than at food & beverage stores, which tells us something about our drunken sailors.
Defaulted Crossgates Mall CMBS Loans Sold at 69% Below 2012 Appraised Value of the Mall by Wolf Richter • Aug 18, 2023 • 112 Comments CRE debt keeps on giving. Retail CMBS have been a bloodbath for years. Thankfully, banks largely not on the hook.
Drunken Sailors Partying Hard: Retail Sales Jump despite Cooling Inflation in Goods that Retailers Sell by Wolf Richter • Aug 15, 2023 • 128 Comments They partied most at Restaurants & Bars, and at ecommerce retailers. If I hear one more time consumers are “tapped out,” I’m going to scream.