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DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Oh my Goodness! Sales do...

Fri Mar 28, 2014, 08:58 AM

Star Member rgbecker (4,764 posts)

Oh my Goodness! Sales down because of cut in SNAP.

Across the board, not just at Walmart.

Walmart is hardly the only retailer to be effected by a reduction in SNAP benefits, or to say so in financial documents. The dollar store segment is also vulnerable. Roughly $4 billion in SNAP benefits were vaporized, money that was once spent at U.S. stores, not just at Walmart. This was bad news for shoppers and retailers, across multiple channels.

As one grocery executive said in an online retail forum regarding the issue, “This cut hurts all of our sales, not just Walmart, let me make that clear. The struggle is universal for retailers, and sales are down around 8-10% since the first of the year.”


http://www.forbes.com/sites/lauraheller/2014/03/28/walmart-just-revealed-how-poor-u-s-shoppers-are/?partner=yahootix

35 replies, 20250 views

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Arrow 35 replies Author Time Post
Reply Oh my Goodness! Sales down because of cut in SNAP. (Original post)
 rgbecker Mar 2014 OP
LineReply The effect most of the critics of welfare fail to see
 liberal N proud Mar 2014 #1
LineLineReply They don't CARE
 Glitterati Mar 2014 #5
LineLineLineReply not really, they view the poor as exploitable resources
 unblock Mar 2014 #6
LineLineLineLineReply Agree ,yes,
 packman Mar 2014 #18
LineLineLineLineLineNew Reply doing my geneology and found out my grandpa back in the day (mid 1600's?) was
 roguevalley Mar 2014 #32
LineLineLineLineLineLineNew Reply Quick question for clarification
 FrodosPet Mar 2014 #34
LineLineLineLineLineLineLineNew Reply actually since you don't know me I will give you the benny of the doubt
 roguevalley Mar 2014 #35
LineLineLineReply and to take this "president" with them.....
 a kennedy Mar 2014 #8
LineLineReply Here's what I think: they knew this would happen, and that there would be a rippling
 Squinch Mar 2014 #7
LineLineReply They have been intentionally trying to harm the economy since the election of 2008.
 Enthusiast Mar 2014 #9
LineLineLineReply Yep!
 oldandhappy Mar 2014 #10
LineReply That's the thing about a freemarket capitalist economy...
 CJCRANE Mar 2014 #2
LineReply But I bet "luxury purchases" like Yachts and Porsches are up ...
 Myrina Mar 2014 #3
LineLineReply The thing about luxury items such as yachts is that even the rich only buy so many of them and
 jwirr Mar 2014 #16
LineReply And that is why increasing Social Security payments almost pays for itself -
 djean111 Mar 2014 #4
LineLineReply +1! It is also why cutting social security would have a negative effect on the economy.
 Enthusiast Mar 2014 #12
LineReply And how many of these asshats
 Le Taz Hot Mar 2014 #11
LineReply No one could have predicted that. Well, except Moody's ...
 Scuba Mar 2014 #13
LineReply 4 billion in food that someone was counting on eating
 Johonny Mar 2014 #14
LineLineReply Thank you!
 blur256 Mar 2014 #17
LineLineLineNew Reply we looked into that when my husband lost his job
 fizzgig Mar 2014 #31
LineLineReply I can tell you from my own personal
 SamKnause Mar 2014 #21
LineLineNew Reply Crime is up...
 butterfly77 Mar 2014 #33
LineReply He should have more faith in the Invisible Hand......
 DeSwiss Mar 2014 #15
LineReply And now we see who the real "job creators" are
 caraher Mar 2014 #19
LineReply Wal Mart doesn't care because they're receiving the annual..
 TRoN33 Mar 2014 #20
LineReply Keep voting Republican Corporate America.
 toddwv Mar 2014 #22
LineReply It's a shame that if we get SNAP funding restored, it won't be because people are hungry
 GiveMeMorePIE Mar 2014 #23
LineReply ^
 Wilms Mar 2014 #24
LineReply Punishment fetish out weighs common sense.
 ZX86 Mar 2014 #25
LineNew Reply No SH*T, Sherlock!
 elleng Mar 2014 #26
LineNew Reply This is a surprise to who?
 deathrind Mar 2014 #27
LineNew Reply tank the economy before
 KT2000 Mar 2014 #28
LineNew Reply Thanks!
 WhaTHellsgoingonhere Mar 2014 #29
LineNew Reply Get on the teabagger Cons, walmart.
 Cha Mar 2014 #30

Response to rgbecker (Original post)

Fri Mar 28, 2014, 08:59 AM

Star Member liberal N proud (59,790 posts)

1. The effect most of the critics of welfare fail to see

What the fuck did the republicans think was going to happen?

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Response to liberal N proud (Reply #1)

Fri Mar 28, 2014, 09:10 AM

Glitterati (3,182 posts)

5. They don't CARE

 

That's the whole point. They have one purpose - to demean, decry and diminish the poor.

Die quickly is their fondest wish for the poor.

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Response to Glitterati (Reply #5)

Fri Mar 28, 2014, 09:45 AM

Star Member unblock (51,376 posts)

6. not really, they view the poor as exploitable resources

expendable, yes, but exploitable first.

they only want the poor to die quickly after they've given their all to their corporate masters.

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Response to unblock (Reply #6)

Fri Mar 28, 2014, 11:09 AM

Star Member packman (16,296 posts)

18. Agree ,yes,

 

They don't want them to die TOO quickly just hang around so they become the fodder of their wars, slaves to their interest on credit , and menials to their life style. They need a servile class to exist and how better to control than have a person fear where their next meal is coming from .

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Response to packman (Reply #18)

Sat Mar 29, 2014, 06:16 AM

roguevalley (40,656 posts)

32. doing my geneology and found out my grandpa back in the day (mid 1600's?) was

part of the party that handled the beheading of King Charles I with Cromwell. I am looking at the day when history repeats itself. Did you know that ONE IN FOUR PEOPLE IN MISSISSIPPI CAN'T AFFORD TO BUY ANY FOOD!?

I don't blame them for votes and all that easy blame them shit. I BLAME THIS COUNTRY! ALL OF US FOR NOT BURNING THE FUCKING PLACE TO THE GROUND!

I cry for my country.

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Response to roguevalley (Reply #32)

Sat Mar 29, 2014, 08:22 AM

FrodosPet (5,169 posts)

34. Quick question for clarification

Are you advocating violence and arson?

"part of the party that handled the beheading of King Charles I with Cromwell. I am looking at the day when history repeats itself"

" I BLAME THIS COUNTRY! ALL OF US FOR NOT BURNING THE FUCKING PLACE TO THE GROUND!"


It almost sounds like your adrenal gland is as big as your heart.

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Response to FrodosPet (Reply #34)

Sat Mar 29, 2014, 11:13 PM

roguevalley (40,656 posts)

35. actually since you don't know me I will give you the benny of the doubt

I am discussing the inevitability of history. Our country isn't immune to the moment when people have had enough. My family was part of that four hundred years ago. I don't imagine that because we have tech that we are immune from our people snapping. Nothing ever changes.

My heart is big for the world. I do blame this country for sitting on its ass watching some of us starve. When that group of children grow up and feel ZIP for this country who didn't care for them when they needed help, I won't be surprised if the guillotines come out.

Just saying.

I don't advocate violence or arson but when it comes, remember me.

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Response to Glitterati (Reply #5)

Fri Mar 28, 2014, 10:19 AM

Star Member a kennedy (27,622 posts)

8. and to take this "president" with them.....

Ugh..... I HATE the repubs......

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Response to liberal N proud (Reply #1)

Fri Mar 28, 2014, 10:00 AM

Star Member Squinch (48,206 posts)

7. Here's what I think: they knew this would happen, and that there would be a rippling

effect through the economy.

During the midterms, they will attribute the economic backslide to Obama and Democrats. And people will believe them, because people are pretty dumb about these things.

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Response to liberal N proud (Reply #1)

Fri Mar 28, 2014, 10:22 AM

Enthusiast (50,983 posts)

9. They have been intentionally trying to harm the economy since the election of 2008.

The quality of our lives mean nothing to Fascists.

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Response to Enthusiast (Reply #9)

Fri Mar 28, 2014, 10:24 AM

oldandhappy (6,719 posts)

10. Yep!

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Response to rgbecker (Original post)

Fri Mar 28, 2014, 09:01 AM

CJCRANE (18,184 posts)

2. That's the thing about a freemarket capitalist economy...

you need people with spare cash in their pockets to buy all the stuff.

That's the thing that social democrats get that RW capitalists don't.

More LW policies actually lead to a more dynamic capitalist economy.

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Response to rgbecker (Original post)

Fri Mar 28, 2014, 09:04 AM

Myrina (12,296 posts)

3. But I bet "luxury purchases" like Yachts and Porsches are up ...

... wait, what? They're not? Money's all sitting in offshore accounts, getting moldy?

Oh you don't fucking SAY. Seems that all Republi-asshat-idiots need an Econ 101 class..


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Response to Myrina (Reply #3)

Fri Mar 28, 2014, 10:57 AM

jwirr (39,215 posts)

16. The thing about luxury items such as yachts is that even the rich only buy so many of them and

then they don't need another one. America has set itself on a course to real trouble when no one has the money to buy most things and the rich have all they want. Then were are the businesses going to get their customers?

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Response to rgbecker (Original post)

Fri Mar 28, 2014, 09:06 AM

djean111 (14,255 posts)

4. And that is why increasing Social Security payments almost pays for itself -

 

seniors don't consume because they have no extra money. Give them extra money, it goes right into the economy, sales go up, people get hired, and THOSE people are now paying into Social Security.
If I had extra money - I would be spending it at Lowes, Home Depot, Tile Outlets, paying people to work on my house. Win-win.

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Response to djean111 (Reply #4)

Fri Mar 28, 2014, 10:28 AM

Enthusiast (50,983 posts)

12. +1! It is also why cutting social security would have a negative effect on the economy.

Disposable income. Without it the economy would grind to a halt—just what the Republicans want leading up to the mid-term election.

Republicans had no problem extending unemployment benefits under Boosh. But now.......

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Response to rgbecker (Original post)

Fri Mar 28, 2014, 10:26 AM

Le Taz Hot (22,271 posts)

11. And how many of these asshats

voted for Republicans? More than a few is my guess. The really disgusting thing about all this? They're concerned about PROFITS and not at all concerned about the people it affects.

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Response to rgbecker (Original post)

Fri Mar 28, 2014, 10:29 AM

Scuba (53,475 posts)

13. No one could have predicted that. Well, except Moody's ...

 

... and pretty much everyone else.


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Response to rgbecker (Original post)

Fri Mar 28, 2014, 10:30 AM

Johonny (18,662 posts)

14. 4 billion in food that someone was counting on eating

It makes you wonder what they are doing to survive...

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Response to Johonny (Reply #14)

Fri Mar 28, 2014, 11:05 AM

blur256 (979 posts)

17. Thank you!

My thoughts exactly. My partner was jobless for awhile and we thought about her getting food stamps to help with the family budget. It was too hard to apply for and thankfully she is working again. Now I'm not a dumb person, I have degrees and what not, and it was hard to apply for food stamps. I can't imagine how people are living with these cuts. It's hard enough as it is. People in this country are starving, and the GOP could give a shit less. We suck as a nation right now because of them.

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Response to blur256 (Reply #17)

Sat Mar 29, 2014, 04:15 AM

fizzgig (24,146 posts)

31. we looked into that when my husband lost his job

they wanted everything but a blood sample. like i know where my original birth certificate is.

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Response to Johonny (Reply #14)

Fri Mar 28, 2014, 11:59 AM

SamKnause (12,743 posts)

21. I can tell you from my own personal

experience it is rough.

I am disabled and receive $99.00 per month in food stamps.

Sometimes I eat pinto beans for weeks at a time.

Thank goodness I really like pinto beans.

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Response to Johonny (Reply #14)

Sat Mar 29, 2014, 07:35 AM

butterfly77 (17,609 posts)

33. Crime is up...

 

and people don't give a damn anymore. These people think this is tough love and that people will get a job that isn't there.

Police and firemen cuts in their cities and towns and they still don't get it if they really think that people are going to keep going along with this shit they will see its coming and it isn't going to be pretty.

They keep crying about tax cuts but they don't realize that they are paying in so many other ways. The rich CONS who cry about tax cuts pay ten times as much as they would pay in tax cuts trying to hurt poor and paying for some nut job to take office,plain stupid...

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Response to rgbecker (Original post)

Fri Mar 28, 2014, 10:44 AM

DeSwiss (27,137 posts)

15. He should have more faith in the Invisible Hand......

 

- Or, maybe he should call the U.S. Chamber of Commerce and complain. I'm sure they'll get a lobbyist right on it.

K&R



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Response to rgbecker (Original post)

Fri Mar 28, 2014, 11:43 AM

Star Member caraher (6,240 posts)

19. And now we see who the real "job creators" are

Hint: they're not the wealth-hoarders!

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Response to rgbecker (Original post)

Fri Mar 28, 2014, 11:46 AM

TRoN33 (769 posts)

20. Wal Mart doesn't care because they're receiving the annual..

 

Subsidized money worth tens of billions of dollars from government. They doesn't care if there is a minor dip in sales as long as they're getting free money from taxpayers.

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Response to rgbecker (Original post)

Fri Mar 28, 2014, 01:23 PM

toddwv (2,828 posts)

22. Keep voting Republican Corporate America.

It may feel good in the short term but everyone gets hurt in the end.

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Response to rgbecker (Original post)

Fri Mar 28, 2014, 01:25 PM

GiveMeMorePIE (54 posts)

23. It's a shame that if we get SNAP funding restored, it won't be because people are hungry

 

but because Walmart's profits are hurting.

Whatever gets food back on people's tables I guess.

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Response to rgbecker (Original post)

Fri Mar 28, 2014, 10:24 PM

Wilms (26,795 posts)

24. ^

 

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Response to rgbecker (Original post)

Fri Mar 28, 2014, 10:50 PM

ZX86 (1,428 posts)

25. Punishment fetish out weighs common sense.

I saw a thread here the other day about how it was cheaper to house the homeless for free than to pay for policing, incarceration, untreated medical issues, etc. Housing keeps them off the street, avails them to counseling, job training, etc. Giving something for free however, even to the most needy goes against our unbridled punishment fetish for poor people, people of color, people down on their luck, sexual active women, gay people, etc.

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Response to rgbecker (Original post)

Fri Mar 28, 2014, 10:56 PM

Star Member elleng (123,913 posts)

26. No SH*T, Sherlock!

The A******S are killing ALL of us!

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Response to rgbecker (Original post)

Fri Mar 28, 2014, 11:07 PM

deathrind (1,786 posts)

27. This is a surprise to who?

Let me guess... The party who's name starts with an R.

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Response to rgbecker (Original post)

Fri Mar 28, 2014, 11:22 PM

Star Member KT2000 (20,358 posts)

28. tank the economy before

the next election - repub strategy.

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Response to rgbecker (Original post)

Fri Mar 28, 2014, 11:34 PM

WhaTHellsgoingonhere (5,252 posts)

29. Thanks!

 

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Response to rgbecker (Original post)

Sat Mar 29, 2014, 04:07 AM

Star Member Cha (286,362 posts)

30. Get on the teabagger Cons, walmart.

thanks rgbecker

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