Even Home Depot is cutting people. If that's happening, I can only imagine what's coming our way in the following weeks or months.
3 replies (most recent on top)
Cost of all goods - yes the dog food is Insanely high - funny - no news report on dog food like they did eggs. All goods and services are up. It’s a hard place to be in at the moment - raising a family in it too. The increase of costs have not been matched by the increase of pay to compensate. Prices may go down - eventually- but I see a long hard few years before this. Lowes will eventually cut more jobs. They’re strategically working it so as not to have a bad reputation to the share holders…besides that is who really pulls the strings for Lowes - the majority stock holders.
Side note, the majority stock holders of Lowes is same as majority of American companies…look it up - Vanguard & Blackrock… what they say…Goes!
The economy is contracting. Higher interest rates and inflation have curtailed spending. Have you seen the price of dog food lately?
It’s happening in all of the box stores that I know of, except maybe the membership ones(Sams, Costco, BJ’s).