Covid Slashed Consumer Choices. This Is Why They Aren’t Coming Back.
Covid Slashed Consumer Choices. This Is Why They Aren’t Coming Back.
Retailers and suppliers say it didn’t pay to offer products for everyone, and customers didn’t care that much when they stopped
The furniture retailer Malouf sells beds and bedding in a fraction of the colors it did a few years ago. Newell Brands, the Sharpie maker, has retired 50 types of Yankee Candle. Coca-Cola offers half as many drinks.
Covid slashed consumer choices as companies pared their offerings to ease clogs in the supply chain. The logistical mess is behind them. But many of the choices aren’t coming back.
Retailers and suppliers across industries—from groceries to health, beauty and furniture—have said that it didn’t pay to offer products for everyone, and consumers didn’t care that much when they stopped.
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The response to COVID was the largest upward transfer of wealth in history. Monopolies? No corporate kings.
Yep and they're still making record profits in the gift of "inflation" when it's just permanent price gouging now that they have a publicly accepted excuse. How is it inflation when they're making substantially more revenue year over year?