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Fast food is reporting the same thing, McDonald's put out a report a few days ago, Yum! Brands is yet to report results for the quarter but similar results are expected. Target had a similar report to Walmart.

It is mostly discretionary spending that is down; Wal-Mart reported the largest fall in apparel iirc, but demand is demand. One would expect discretionary spending to fall first, and hopefully it stops there.

Again I apologize for not providing a direct citation due to my dumb mobile browser but these are days-old news stories and it should be easy to confirm

Lmao yeah just cap the prices that won't cause a shortage

> Businesses equate recessions with reduced demand for goods and and services, yet demand remains strong

This isn't true, major retailers have been reporting falling demand.

I'd cite the WSJ but for some reason I can't paste the link in this box, just Google "falling demand Wal-Mart"

> enough to push prices and profits to record levels.

Adjust both for inflation