A wave of saving on daily necessities “Supermarket profits fall 20% in June-August” – Supermarkets and convenience stores are seeing their performance deteriorate.

Japanese economy
0001gecko★.Oct. 18, 2024 (Fri) 10:58:32.82ID:xOvrWM0f9
★Cutbacks on daily necessities: Supermarket profits fall by 20% in June-August
As consumers become more frugal on daily necessities such as food, the performance of supermarkets and convenience stores is deteriorating. Major companies’ operating profits for the June-August 2024 period fell 19% from the same period last year, marking the second consecutive quarter of double-digit declines. Price hikes implemented by various companies have led to fewer customers and increased costs for attracting customers. The challenge is how to increase added value and stimulate demand. *Previous thread.

生活必需品に節約の波「6〜8月スーパー2割減益」スーパーやコンビニエンスストアの業績が悪化★2 [Gecko★]
生活必需品に節約の波 6〜8月、スーパー2割減益 - 日本経済新聞
食品など生活必需品で強まる消費者の節約志向を受け、スーパーやコンビニエンスストアの業績が悪化している。主要企業の2024年6〜8月期の営業利益は前年同期比19%減と2四半期連続で2ケタ減益となった。各社が進めた値上げの影響で客足が遠のき、集...
0083Anonymous Donburako.Oct. 18, 2024 (Fri) 11:22:30.96ID:D62f5TvL0
>>1
A 20% decrease from last year is crazy.
If it were a brigade, a 20% decrease would be described as devastating.
0002Anonymous Donburako.Oct. 18, 2024 (Fri) 11:00:02.70ID:VQOUdXyz0
Since this summer, we’ve been experiencing a business downturn unlike anything we’ve seen in years (shouts of despair can be heard from the field).
I’ve heard about this from a variety of industries, but I wonder what triggered it.
0012Anonymous Donburako.Oct. 18, 2024 (Fri) 11:03:41.04ID:a6yblXEM0(1/4)
>>2
The sales office I work at has had its highest monthly sales ever for three consecutive months since July.
0019Anonymous Donburako.Oct. 18, 2024 (Fri) 11:05:30.78ID:q2BKEHrK0(1/10)
>>2
There were signs of a trigger.
China is already using its power to cover up the collapse of its real estate bubble.
In the US, credit card balances are skyrocketing and loan companies are starting to raise interest rates.
I think everyone knows that Germany is in a recession, and nowhere in the world is there a booming economy.
Anyway, money is disappearing all over the world and consumer activity is shrinking.
0058Anonymous Donburako.Oct. 18, 2024 (Fri) 11:17:41.60ID:PLGFhvjH0
>>2
The government keeps asking for wage increases, and small businesses are crying out in frustration over rising labor costs.
0091Anonymous Donburako.Oct. 18, 2024 (Fri) 11:24:18.43ID:VfLXtT3J0
>>2
The yen suddenly appreciated in August, so people may be refraining from buying.
Vendors are afraid of prices dropping, so they can’t keep stock.
0003Anonymous Donburako.Oct. 18, 2024 (Fri) 11:00:13.27ID:vk7Z5ew00
Fujiya peanut chocolate is scarce! And expensive!
0017Anonymous Donburako.Oct. 18, 2024 (Fri) 11:05:24.17ID:ELlm3Czx0(2/2)
>>3
You didn’t get tendonitis from the weight of the chocolate.
0004Anonymous Donburako.Oct. 18, 2024 (Fri) 11:00:28.10ID:hfUFVQbY0
That’s what happens if people get carried away and start raising prices to take advantage of the situation.
0097Anonymous Donburako.Oct. 18, 2024 (Fri) 11:26:57.53ID:1QaU/9mA0
>>4
That’s true.
0005Anonymous Donburako.Oct. 18, 2024 (Fri) 11:01:30.66ID:Nu18xEfT0
Maintaining a living on two meals a day.
0006Anonymous Donburako.Oct. 18, 2024 (Fri) 11:01:39.81ID:Aq7XYDq10
Prices are going up like crazy, and it’s all a mess because of the LDP and Komeito.
0007Anonymous Donburako.Oct. 18, 2024 (Fri) 11:02:04.52ID:WQhRw2Ok0
In the past, even with inflation, banks would offer high interest rates, so people would save money. Now, the value of your salary just goes down.
0008Anonymous Donburako.Oct. 18, 2024 (Fri) 11:02:12.41ID:oUlJEzJH0
Instant ramen has gotten so expensive.
0009Anonymous Donburako.Oct. 18, 2024 (Fri) 11:02:20.22ID:TYItJRME0
I stopped buying sweets.
0010Anonymous Donburako.Oct. 18, 2024 (Fri) 11:02:38.63ID:50GD+Hh70
I’m not sure, but by process of elimination I choose the Liberal Democratic Party.
0011Security Guard [lv.12].Oct. 18, 2024 (Fri) 11:03:06.68ID:bCyRuZot0(1/2)
Seriously, whatever you buy has become more expensive. I sigh when paying at the register.
0013Anonymous Donburako.Oct. 18, 2024 (Fri) 11:03:42.69ID:ownMnbs00(1/2)
It would be one thing if the weak yen meant industrial products could sell, but even food is being sold, so it’s all over.
0015Anonymous Donburako.Oct. 18, 2024 (Fri) 11:04:34.81ID:sd+tUebH0
Reducing the consumption tax is a no-no because it will lead to hoarding.
0021Anonymous Donburako.Oct. 18, 2024 (Fri) 11:05:58.27ID:hrHgU7d70
>>15
It’s a win-win because the stockpiled items are now on sale.
0018Anonymous Donburako.Oct. 18, 2024 (Fri) 11:05:27.74ID:q77GJAbp0(1/16)
The supermarkets are expensive. The bentos taste terrible and I would never buy them at full price.
0022Anonymous Donburako.Oct. 18, 2024 (Fri) 11:06:08.93ID:VJ290Q7B0
Thank you, LDP. Thank you, Shinzo Abe.
0023Anonymous Donburako.Oct. 18, 2024 (Fri) 11:07:16.12ID:ownMnbs00(2/2)
>>22
That’s good.
0024Anonymous Donburako.Oct. 18, 2024 (Fri) 11:07:21.16ID:cNgEYubt0(1/2)
Ahhhh, the benefits of Ahonomics are spreading and the economy is doing great!
0025Anonymous Donburako.Oct. 18, 2024 (Fri) 11:07:22.71ID:NIu6UY/u0
Let’s bring down the hammer on the LDP for making our country not worth investing in.
0026Anonymous Donburako.Oct. 18, 2024 (Fri) 11:07:59.54ID:q77GJAbp0(2/16)
In terms of quality, Seven has done a good job, but the top end is out of the question.
0028Anonymous Donburako.Oct. 18, 2024 (Fri) 11:08:55.20ID:yePbPdxb0(1/3)
Chain restaurants and other affordable eateries are doing well, but supermarkets have gotten too cocky and raised their prices too much, so it’s time for a punishment.
0030Anonymous Donburako.Oct. 18, 2024 (Fri) 11:08:59.42ID:yib6jss20
I don’t go to convenience stores at all anymore. When I do go, they’re so expensive I get scared.
0032Anonymous Donburako.Oct. 18, 2024 (Fri) 11:09:30.75ID:wGyOd7520
Prices have gotten so high that I’ve finally cut out one meal. I want to get a part-time job.
0033Anonymous Donburako.Oct. 18, 2024 (Fri) 11:09:52.95ID:ocdjFbfp0
Now I only buy food products at discount prices, and I don’t care about the prices the manufacturers set.
0034Security Guard [lv.2] [Sprout].Oct. 18, 2024 (Fri) 11:09:55.76ID:9JsIYjNG0
I’m sure the higher-ups won’t understand, but I can’t buy it even if I want to.
0035Anonymous Donburako.Oct. 18, 2024 (Fri) 11:10:12.76ID:PIECcgW00(1/3)
Profits are declining because they’re sold at a low price. Just set the price so that you can make a profit.
0038Anonymous Donburako.Oct. 18, 2024 (Fri) 11:11:19.89ID:q2BKEHrK0(2/10)
>>35
If that means less sales, profits will decrease.
0036Anonymous Donburako.Oct. 18, 2024 (Fri) 11:11:06.89ID:Lhn4wkKf0
Everything is so expensive at convenience stores that people avoid them and it’s no surprise that their profits are declining. I understand that they’re all about sales, but convenience stores are all about sales.
0037Anonymous Donburako.Oct. 18, 2024 (Fri) 11:11:15.95ID:Ei6aOpmC0
We were supposed to have escaped from deflation, but as expected, stagnation is in full swing.
0039Anonymous Donburako.Oct. 18, 2024 (Fri) 11:11:53.77ID:2tqu5Qj80
There are only four low-level professions: finance, insurance, securities, and real estate.
0043Anonymous Donburako.Oct. 18, 2024 (Fri) 11:13:34.50ID:zJcMh4ur0(2/4)
>>39
Funeral parlors and pachinko parlors are terrible too.
0040Anonymous Donburako.Oct. 18, 2024 (Fri) 11:12:22.84ID:yePbPdxb0(2/3)
The only convenience store that’s losing out is Seven-Eleven.
0044Anonymous Donburako.Oct. 18, 2024 (Fri) 11:13:38.36ID:Dt0yNpeN0
If we increase taxes, the public will complain, so we’ll raise the mandatory automobile liability insurance premiums.
0047Anonymous Donburako.Oct. 18, 2024 (Fri) 11:14:53.52ID:cNgEYubt0(2/2)
>>44
I guess it’s time to stop being voluntary lol.
0045Anonymous Donburako.Oct. 18, 2024 (Fri) 11:14:10.17ID:YAcoW0hm0
This is what happens when you just try to raise prices.
Reference: https://asahi.5ch.net/test/read.cgi/newsplus/1729216712, World Data and graph

Other languages: 生活必需品に節約の波「6~8月スーパー2割減益」スーパーやコンビニエンスストアの業績が悪化, Ola de ahorro en artículos de primera necesidad “Disminución del 20% en los beneficios en los supermercados de junio a agosto’’ Se deteriora el rendimiento en los supermercados y tiendas de conveniencia.

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