Email a copy of 'Good News - Bad News: Deflation Hits Online Sales in July' to a friend
Loading ...
Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). She is a member of the Online News Association (Sep 2005 - present) and Investigative Reporters and Editors (Mar 2006 - present). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com. See disclosure at EcommerceBytes.com/disclosure/.
Supply and Demand…
It is evaluated that just because consumers are not “choosing” to purchase electronics or apparel, it’s because the consumer is feeling the strain of inflation. HOWEVER, I do not believe this is true; too much data says that consumers are spending their money in different ways. Tired of Covid lockdowns, U.S. consumers are spending money in entertainment. Maybe a new iPad is not necessary for those who are looking to get out of the house.
And about food costs…
I live on the West Coast and I shop at Kroger, Safeway and Whole Foods. I find there is NO real inflation for the food products I buy. I’m sick of this food inflation data because it’s not true for many. It depends on the grocery retailer…volume sales at lower prices are what many grocery stores rely on for profit.