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this post was submitted on 29 Sep 2023
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Privacy
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Because all of the other retailers do the same shit only with higher prices. Here in Canada they don't pay their employees any less than the competition, yet their prices are 30-40% cheaper on average.
That extra 40% doesn't result in better working conditions for the employees, it goes directly to the shareholders and bonuses for the C-suite.
I respect the hell out of Walmart because they actually keep their price increases tied to inflation and aren't out there trying to sell a loaf of poverty white bread for $5 or a pack of 4 chicken breasts for $37.
I got some insight from a friend who works at a major supplier for these retail stores in Canada. He said how they manage prices is that when they anticipate a rise in cost they'll jack the price all the way to a future projected target instead of following the current inflationary rate so that they won't need to constantly quote their customers different prices. They don't care because they know it will get passed downstream.