Post: #1

When Walmart reduces inventory it shows that they over estimated how many salt of the earth people would be buying from them. When people shop at walmart less that means people are hurting across the board. So where to these people buy then in hard times...

The dollar store. Family Dollar sales are up 9% and Dollar General has also beat its predicted earnings by 4 - 7% per quarter

So, neither walmart or the dollar stores predicted that people would be doing worse off in 2013 than 2012.

Whole Foods meanwhile (where you shop if you have money to burn or to be 'seen' buying healthy food) is up 20% but that is almost exactly what Analsyts predicted...and that prediction is that the rich will get more rich.

This isn't really "New" news to forum readers but is a sad concrete confirmation of the way things are going.

Edit: Apparently Trader Joes' isn't public so I used Whole Foods' results.