How do retailers know the income or worth of their customers, and why would anybody assume people of means are not frugal?
Zaxly on
Nope. Not buying it
Aggressive_Piece919 on
Ai surveillance
androk on
Thus begins the decline of Walmart. We’re catering to high income shoppers which means we won’t be useful to the great masses.
PricedOut4Ever on
I also feel this change but it’s hard for me to know if it’s really a shift towards “high income” vs just a change in consumer behavior.
For one, they describe high-income as people making over 100k a year. For a household, I would not consider 100k a year as high income.
Then they mention air pods as being a top seller. Doesn’t really seem that surprising as I don’t know what other products people would buy. Legos? The days of buying dvds or cds are definitely gone. And most cheap Chinese stuff is cheaper and easier to get off Amazon.
Finally, what they don’t mention, is that Walmart has a lot of items under lock-and-key in security cases so you can’t even conveniently buy it if you want to. Which, to me, feels like they are not actually targeting affluent buyers.
5 Comments
How do retailers know the income or worth of their customers, and why would anybody assume people of means are not frugal?
Nope. Not buying it
Ai surveillance
Thus begins the decline of Walmart. We’re catering to high income shoppers which means we won’t be useful to the great masses.
I also feel this change but it’s hard for me to know if it’s really a shift towards “high income” vs just a change in consumer behavior.
For one, they describe high-income as people making over 100k a year. For a household, I would not consider 100k a year as high income.
Then they mention air pods as being a top seller. Doesn’t really seem that surprising as I don’t know what other products people would buy. Legos? The days of buying dvds or cds are definitely gone. And most cheap Chinese stuff is cheaper and easier to get off Amazon.
Finally, what they don’t mention, is that Walmart has a lot of items under lock-and-key in security cases so you can’t even conveniently buy it if you want to. Which, to me, feels like they are not actually targeting affluent buyers.