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Fri Mar 28, 2014, 08:58 AM

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, 20087 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
liberal N proud Mar 2014 #1
Glitterati Mar 2014 #5
unblock Mar 2014 #6
packman Mar 2014 #18
roguevalley Mar 2014 #32
FrodosPet Mar 2014 #34
roguevalley Mar 2014 #35
a kennedy Mar 2014 #8
Squinch Mar 2014 #7
Enthusiast Mar 2014 #9
oldandhappy Mar 2014 #10
CJCRANE Mar 2014 #2
Myrina Mar 2014 #3
jwirr Mar 2014 #16
djean111 Mar 2014 #4
Enthusiast Mar 2014 #12
Le Taz Hot Mar 2014 #11
Scuba Mar 2014 #13
Johonny Mar 2014 #14
blur256 Mar 2014 #17
fizzgig Mar 2014 #31
SamKnause Mar 2014 #21
butterfly77 Mar 2014 #33
DeSwiss Mar 2014 #15
caraher Mar 2014 #19
TRoN33 Mar 2014 #20
toddwv Mar 2014 #22
GiveMeMorePIE Mar 2014 #23
LineReply ^
Wilms Mar 2014 #24
ZX86 Mar 2014 #25
elleng Mar 2014 #26
deathrind Mar 2014 #27
KT2000 Mar 2014 #28
WhaTHellsgoingonhere Mar 2014 #29
Cha Mar 2014 #30

Response to rgbecker (Original post)

Fri Mar 28, 2014, 08:59 AM

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

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

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

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

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

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

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

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

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

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

10. Yep!

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Response to rgbecker (Original post)

Fri Mar 28, 2014, 09:01 AM

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

24. ^

 

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Response to rgbecker (Original post)

Fri Mar 28, 2014, 10:50 PM

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

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

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

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

29. Thanks!

 

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Response to rgbecker (Original post)

Sat Mar 29, 2014, 04:07 AM

30. Get on the teabagger Cons, walmart.

thanks rgbecker

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