Are American consumers facing inflation and wage erosion because of price gouging? Or even “price gauging,” as Kamala Harris accused retailers last week?
OMG. Kamala said “Price Gauging” instead of “Price Gouging”…
I get misspelling it, but how do you not realize you are saying the completely wrong word?pic.twitter.com/e0EzVRFeol
— Jeff Carlson (@themarketswork) August 16, 2024
What say the nefarious retailers who ruthlessly charge enough to barely cover costs and repay investors? “We’re in a penny business,” Target CEO Brian Cornell told CNBC’s Squawk Box host Joe Kernen this morning. Kernen clearly agrees, noting that retailers across the board are working in a razor-thin margin environment already.
Cornell was delighted to report a 6% profit margin to investors, he explains, when so much of retail has even thinner…
