SuicideFuel US is in a recession

[Subhuman Niceguy]

Citizen Watch Report
June 2, 2023

For The First Time Ever, Low Unemployment Is Positively Correlated With Low Consumer Sentiment​

View: https://twitter.com/SuburbanDrone/status/1664261253827555328?s=20

Delinquency Rates for Credit Card Borrowers Are Approaching 2008 Levels Across All Age Categories

New York CNN—Macy’s, Costco and other big chains say shoppers are pulling back at their stores and changing what they buy. That could be a red flag for the US economy.

Macy’s (M) on Thursday cut its annual profit and sales forecast after customer demand slowed.

“The US consumer, particularly at Macy’s, pulled back more than we anticipated,” Macy’s CEO Jeff Gennette said on an earnings call Thursday. Customers “reallocated” spending to food, essentials and services, he said.

Gennette said Macy’s would increase its promotions to clear out unsold merchandise.

Same-store sales at the Macy’s sank 8.7% last quarter, while the higher-end department store Bloomingdale’s dropped 3.9%.

Macy’s stock was flat during early trading Thursday.

The company was the latest retailer to highlight shifts in customer demand.

Costco (COST) finance chief Richard Galanti said last week that that some customers were switching from pricier steaks and beef for cheaper meats like pork and chicken. This is a trend that has been common in previous recessions, he said.


View: https://twitter.com/carlquintanilla/status/1664231011734147074?s=20


Macy’s and Costco issue recession warning…

View: https://twitter.com/4Awesometweet/status/1664415418319261698?s=20



View: https://twitter.com/SuburbanDrone/status/1664318267320680470?s=20

 

[Lonelyus]

Citizen Watch Report
June 2, 2023

For The First Time Ever, Low Unemployment Is Positively Correlated With Low Consumer Sentiment​

View: https://twitter.com/SuburbanDrone/status/1664261253827555328?s=20

Delinquency Rates for Credit Card Borrowers Are Approaching 2008 Levels Across All Age Categories

New York CNN—Macy’s, Costco and other big chains say shoppers are pulling back at their stores and changing what they buy. That could be a red flag for the US economy.

Macy’s (M) on Thursday cut its annual profit and sales forecast after customer demand slowed.

“The US consumer, particularly at Macy’s, pulled back more than we anticipated,” Macy’s CEO Jeff Gennette said on an earnings call Thursday. Customers “reallocated” spending to food, essentials and services, he said.

Gennette said Macy’s would increase its promotions to clear out unsold merchandise.

Same-store sales at the Macy’s sank 8.7% last quarter, while the higher-end department store Bloomingdale’s dropped 3.9%.

Macy’s stock was flat during early trading Thursday.

The company was the latest retailer to highlight shifts in customer demand.

Costco (COST) finance chief Richard Galanti said last week that that some customers were switching from pricier steaks and beef for cheaper meats like pork and chicken. This is a trend that has been common in previous recessions, he said.


View: https://twitter.com/carlquintanilla/status/1664231011734147074?s=20


Macy’s and Costco issue recession warning…

View: https://twitter.com/4Awesometweet/status/1664415418319261698?s=20



View: https://twitter.com/SuburbanDrone/status/1664318267320680470?s=20

Subhumans finally had enough of supporting chad and stacys luxurious lifestyle, OFC its gonna come to this, More men are dropping out and becoming NEETs

 

[RandomGuy]

The ppl at the food banks gibs me free foods. With the savings I buy quality stocks like Microsoft. It’s a win-win situation even if the stocks go down because you still have savings. When the economy rebounds the money flows in.

.