Kohl’s tanks 26% as inflation-weary shoppers pull back to sink sales, profits
Shares of Kohl’s plunged as much as 26% on Thursday after the department store chain reported an unexpected quarterly loss due to weakening consumer demand, particularly from the inflation-hit middle class. The Wisconsin-based company lowered its full-year sales and profit forecasts as consumers continue to prioritize buying essentials over discretionary products such as clothing, electronics […]
Chili’s and Applebee’s woo inflation-weary diners as fast food prices continue to climb
This is a rising point. Fast food lovers fed up with inflation watch helplessly as the prices of burgers and fries continue to rise. Combo Quafarers in New York City are currently paying $13.89 plus tax for a pack of Big Macs, not to mention paying a whopping $13.99 for a Whopper. Dine at your […]
Budget hotel vacancies top 50% as inflation-weary Americans cut back on travel
More than half of the rooms in budget hotels nationwide were empty in the first three months of 2024 as inflation-stricken travelers cut back on spending, according to the latest data from the hotel industry. Occupancy rates for hotels such as Econo Lodge, Days Inn, Super 8 and SureStay were 48.7% in the first quarter, […]