Loading ...“We Are Seeing A Non-Spending Tsunami”: Largest French Retailer Warns Consumers Forced To Make “Massive Spending Cuts” On Essentials
“When essential staples are no longer accessible, when people go without essential goods, one must act.”
Living in the US has become a full blown paradox: courtesy of Brandonomics, the worse the economy gets, the more praise the incompetent administration demands.
Normal American on TikTok: “I can’t go to the grocery store and get a week’s worth of f*cking groceries without spending $300, $400.”
According to the CEO of the largest French supermarket chain, Carrefour, high prices have forced consumers to make “massive cuts” to spending on essential goods, and urged the government to delay a law putting a cap on promotions retailers can offer.
Speaking on Tuesday, Carrefour Chairman and Chief Executive Alexandre Bompard warned “we are seeing a non-spending tsunami in France,” adding that “when essential staples are no longer accessible, when people go without essential goods, one must act.”