Judd Legum

@JuddLegum ↗

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Last Checked May 4, 2022

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Tue Apr 19 12:44:14 +0000 2022

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Judd Legum @JuddLegum

4. @Lowes reported $8.4 billion in profits for its 2021 fiscal year - an increase of $2.6 billion. The company attributed its success to attributed higher margins to "better product pricing relative to costs." In other words, it raised prices https://t.co/PblWOMf2tO — PolitiTweet.org

Posted April 19, 2022

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Judd Legum @JuddLegum

3. The CEO of TJX, the parent company of @tjmaxx, @marshalls, & other brands, described "inflationary price increase[s]" as "a major opportunity" The CEO said its record profits in 2021 (3.29B) were "really driven by a large part by the pricing strategy" https://t.co/PblWOMf2tO — PolitiTweet.org

Posted April 19, 2022

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Judd Legum @JuddLegum

5. There are many other retailers telling similar stories. If price increases just reflected the increased cost of goods and labor, it would not increase profits. But that's not what's happening. Retailers are using inflation to juice profits https://t.co/PblWOMf2tO — PolitiTweet.org

Posted April 19, 2022