are people buying essentials like food or big screen tvs, paddle boadrs, furniture, jewelry and Mac books?
I see carts in my costco loaded up with just food. people are stock piling food now. all dog food sold out.
that aint a good sign lol.
Target is a 100b company that lost 1/4 value over night.
People have said "I'm just not buying"
SG&A and COGS are a reason, plus the purchase of only essential items like food and not a new TV. I'm betting food has a lower margin for them.
Costco appears to be just getting painted with the same brush because the one I’ve been in lately is packed with shoppers.