I expect 2022 to tough year in retail. higher gas prices. higher prices. wheat, corn and fuel. supply chain issue from field to the table. driving up food cost even more. poeple will cut the extras it because they have do not because they want too. so sales at profit at all retailer will much harder than last 2 years. don't expect run on new truck and car sales when selling higher than list price. know to the reason why things we get tough. nothing is free in this word esp not money. we been living high hog for every since recovery from last recession. how low interest rates. well that can't continue. money isn't worthless it's real. it has a supply and demand side to. any bank writing loan on house 20 percent over asking price watch out. have we forgot housing crunch of 2007 already. so many stocks are over inflated in price. when big 3 happen at once look out. higher inflation, housing market bubble burst and the big one stocks adjusting to true market value. so there is my prediction for 2022.
5 replies (most recent on top)
well ever company has expanded to fast and then realized it after core part of company profits went south. There, have been several ceo across America that don't know meaning of piggy bank for rainy day. what's sad is customers are core of the business and their expectation are forgot. much less what a company has for expectation of it's employees. A company is brand. it's a image. it's your neighbor asking what's going with company or a friend. it's simple tax breaks for rich work if they use them to pay their staff and build business. when motive is board retiring to avoid capital gains tax there is huge issue going on with company on cash flow side of business. it's simple you retire sell your stock no capital gains taxes on your one time fat payment on selling your company stock. meanwhile the ones left pay. more expectation we need more profit. I still waiting to hear one thing how does it serve customer better? cheaper stuff. better service? all have to look sears when real estate guy bought a retail company. companies have to change and adapt but they forget their customers are human beings not stock quotes. they want a service at a fair price. that's it
Yeah, this past year or so all these new job openings at corporate…if you’ve been around enough you’d realize that newly created corporate positions with Hy-Vee usually don’t last unless you’re part of the select few that gets a group/senior/vice or executive in front of it. I heard too that they only tried paying these people like 50k/ year less than in store department managers…while the super VP crew was making minimum 150k+. Amazing that they can flush out all those people, yet for the select few give raises, job titles, and big pats on the back with plane rides, gifts, and sporting events. And it’s not any better at store level…Store directors making 2-3x what the highest paid employees makes…store managers working 6 days a week, getting dumped on, while barely making 75-80k. No one wants to work in store anymore…all the experienced workers are retiring or got canned two years ago during “the great restructure”…anyone remember that? They fired all these department heads, made up all these new positions…we were all going to be stockers…then 6 months later all those jobs were back but the experienced people were all gone. Fun times at Hy-Vee! SMH.
You saw that yesterday, it was not pretty. I am so sorry for the folks that got axed, I think there will be more cuts to come. I am a single parent and my kids depend on my income, it's scary to think about what would happen if I was to get laid off.
Too bad we can't post pics or I put one up of a dumpster fire. I'm sure 2022 will be rosy for investors and high level management but the Titanic for existing employees.