The recent slowing of inflation, it said, “has so far done little to provide relief for Americans, and it may take more dramatic changes in prices for the harmful effects of inflation to subside.”ĭeepening the financial burden for many in those households is the loss of Covid-era boosts to food aid earlier this year, which is likely creating more constraints on families, he said. “Even as inflation has been cooling, the effect of continued high prices has broadened the financial pain Americans are feeling,” the Gallup report said. Among them, lower-income households reported feeling the greatest strain versus higher income brackets. The real reasons stores such as Walmart and Starbucks are closing in big citiesĪccording to a recent Gallup poll, three in five Americans, or 61%, are suffering financial hardship because of rising prices. “Millions of Americans can’t afford to fully buy their groceries or a full tank of gas, pay for public transportation, their home bills or pay their credit card debt,” he said.Ĭhin Hei Leung/SOPA Images/LightRocket/Getty Images Although inflation is cooling - slowly - US prices are still on the rise, even after a two-year slog of consumers enduring painfully high prices on everything they need to sustain themselves and their families.Įconomic distress is amplified on budget-strapped consumers during inflationary periods, said Burt Flickinger, retail expert and managing director of retail consultancy Strategic Resource Group. The stolen goods are most often sold online or to neighborhood mom and pop shops or at street fairs, for example.Īmong the triggers for shoplifters is inflation. It’s an opportunistic crew stealing specific items from a specific place or one item from many places to resell them,” said Hayes. The bigger bucket, however, is crime of opportunity. They’re taking necessities like bread and meat. “There is a trend of people who may have never stolen before, they are unsophisticated in how they steal. He described two types of store theft plaguing retailers currently. Now they can’t afford basic necessities,” said Read Hayes, criminologist at the University of Florida and director of the Loss Prevention Research Council, which has members including retailers such as Walmart, Target, Home Depot and Gap. “A community might be struggling with heavy job losses and people can’t easily find another job. Need and opportunity become forceful catalysts for driving up incidents of retail crime, experts said. But as economic fears grow amid inflation and rising borrowing costs, shoplifting often comes with the territory, industry watchers say. It’s not clear that crime is growing significantly more serious. Many other retailers have blamed crime for closing stores. Nordstrom, Whole Foods and some other big chains said they were abandoning San Francisco because of changing economic conditions or employee safety. Target last week said it was bracing to lose half a billion dollars this year because of rising theft. You’ll join thousands of like-minded readers to share deals and ideas for your favorite store!.Retailers large and small say they’re struggling to contain an escalation in store crimes - petty shoplifting to organized sprees of large-scale theft that clear entire shelves of products. ![]() We have great private FaceBook groups for various stores. We value your privacy and do not share your email info with outside parties. Get more hot deals here Join 45,000+ subscribers! Subscribe to our newsletter HERE Prices can, and may, change without notice. ![]() Prices in this post were current at the time of writing. Use your smartphone to track moves with the Just Dance Controller app – no additional accessories required! Up to six players can join!.Enjoy eight new kid-friendly songs and choreographies for a family-fun experience.Dance the way you like by creating your own personalized custom playlists.Play with friends and share the fun with co-op mode!. ![]() Dance to over 600 songs with the Just Dance Unlimited subscription streaming service.Shipping is free on orders over $35 or free in-store pickup if available near you. Target has Just Dance 2021 – Nintendo Switch for $24.99 (Reg $50). Target: Just Dance 2021 – Nintendo Switch $24.99 (Reg $50) Target: Just Dance 2021 – Nintendo Switch $24.99 (Reg $50)
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