We The People

We The People

Saturday, May 21, 2022

Breitbart Business Digest: Walmart and Target Ring the Death Knell of Greedflation

Breitbart Business Digest: Walmart and Target Ring the Death Knell of Greedflation

Instead of having market power that allows them to control prices, these huge corporations are not able to raise prices to keep up with costs because they are competing with each other for customers. Target was quite explicit about this. It said it had decided not to attempt to pass on higher costs to consumers because it hopes to win market share away from its rivals by maintaining a reputation for affordability.

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