The U.S. consumer economy is facing multiple shifts. Grocery bills are increasing, with record high beef prices due to various factors, including shrinking cattle herds. Trader Joe's is expanding aggressively with plans for 30 new stores across 17 states, contrasting with other retailers closing locations. Target is revising its price-match policy, and Southwest Airlines is changing its boarding process. Additionally, CBS's cancellation of The Late Show has incited backlash among late-night hosts, while Chipotle feels the impact of changing consumer spending habits.
Trader Joe's is in growth mode, adding 30 new locations that will push it past 600 stores nationally. The expansion-spanning California, Texas, New York, Oklahoma, and more-is a striking contrast to the wave of retail closures hitting other chains.
Ground beef now averages $6.12 a pound, with steak prices rising 8% to $11.49 per pound. Persistent droughts, shrinking cattle herds, and new trade disruptions mean grilling season is going to stay expensive for the foreseeable future.
CBS's decision to cancel The Late Show by 2026 has sparked a significant backlash, prompting late-night hosts to express solidarity and call for a revolution in the late-night television landscape.
Target is scaling back its popular price-match policy, Southwest Airlines is ditching open seating in favor of assigned boarding groups, and Chipotle's latest earnings reveal that even fast casual isn't immune to shifting consumer spending.
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