Slow Sales? You're not the only one!!!

[ten_o_nine]

In the most recent quarter, Bed Bath & Beyond reported sales dropped 33% while adjusted losses totaled $225 million.

[dbfolks166mt]

BB&B just filed for bankruptcy. 

[ten_o_nine]

It will be missed.

[dnasilver]

JP Morgan reported strong results in the first quarter, delivering net income of $12.6 billion, record revenue of $38.3 billion, and an ROTCE of 23%

Business every day fail and succeed. Some try to determine why they fail and those rarely admit it was of their own making.

[ten_o_nine]

JP Morgan is not in the retail business.

[dbfolks166mt]

JP Morgan is not in the retail business.

But it's all business. For some it's a product for some it is a service. EBay is not really in the retail business either they provide a service. 

[traditonalproducts]

Ebay is in the retail business. It's a platform like many others, who's sales are down. Chase is a bank and is not considered anything close to a retail B&M or retail platform. There is no comparison.  Our sales are based on disposable income, want, & need basis. This is why it's important to watch B&M's & other platforms to compare how the market is driven. Right now, the retail market is down period.  Thin margins with inflation and a decline in discretionary spending are squeezing companies and could lead to further bankruptcy filing. 

[nobody*s_perfect]

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@ten_o_nine wrote:

In the most recent quarter, Bed Bath & Beyond reported sales dropped 33% while adjusted losses totaled $225 million.

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But that's not an indicator of retail in general, because they were already plummeting. Couldn't keep stock in their stores because they didn't pay suppliers. The store near me is still open, but 6 months ago it already looked like it was in that closeout mode where there's very little stock so they spread it all out, with unsellable stuff getting lots of shelf space.

[dolcetreasures]

Whatever is happening is manifesting itself as nearly non-existent sales in April. What’s interesting is that I went from a very strong March to the worse April sales going back to 2016 thus far. Actually, it isn’t even close. Views are way down and no one is interacting with my items at all which is very unusual. 

[stainlessenginecovers]

BBB has been in financial trouble even BEFORE the pandemic. 

Sales are still out there; people are still spending the $$ on that type stuff, but the competition opened up more categories, ie. Walmart, Target, Kohls etc. taking away the $ from BBB (as well as Amazon and other 'online').

BBB always had a better variety and quality which cost more $$ but many don't care and the proof is the place BBB is in now. The economy sure didn't help this issue. 

[my-cottage-books-and-antiques]

And I'm sure some savvy sellers will be heading to BB&B looking to do some retail arbitrage....

[susanb1872]

When interest rates increase, banks make more money so not surprising that JP Morgan is showing strong results. But as others said, it's not retail.

[bryo_3145]

Society in general and the economy is in the toilet. God Bless America

[dbfolks166mt]

Ebay is in the retail business. It's a platform like many others, who's sales are down. Chase is a bank and is not considered anything close to a retail B&M or retail platform. There is no comparison.  Our sales are based on disposable income, want, & need basis. This is why it's important to watch B&M's & other platforms to compare how the market is driven. Right now, the retail market is down period.  Thin margins with inflation and a decline in discretionary spending are squeezing companies and could lead to further bankruptcy filing. 

     No eBay is in the service industry. The sellers who post here are the retailers. I wasn't comparing Chase to eBay other than the fact that they are both businesses they just happen to both provide a service. I would also not compare the Walmart ecommerce site to eBay. Walmart is a retailer but they also provide a ecommerce service for sellers that wish to utilize their site. 

     As far as the retail market being down it depends a lot on what you are selling. Agree totally that the wants sales are down but the needs are holding steady although consumers may be making substitutions or altering their lifestyle. 

[dnasilver]

Actual they are. They sell investment instruments.