Why some concerned shoppers are stockpiling goods | CNN …

Dec 16, 2024 · Why some concerned shoppers are stockpiling goods ... pretty much everything,” Wilson told CNN. That includes canned goods, bottled water and, yes, lots and lots of rolls of …

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Why some concerned shoppers are stockpiling goods. The median renter in America has a net worth of $10,400. The median homeowner’s net worth is $400,000. Ad Feedback. ... LLC and …

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Why are some shoppers stockpiling goods to avoid tariffs?

Some shoppers and businesses are stockpiling goods to avoid potential price hikes from tariffs. President-elect Donald Trump has proposed sweeping tariffs on imported goods. For some, the fear of tariffs means stocking up on cars, skincare, and hair products. Kristen Hull bought a new car last weekend. ...

Why do businesses stockpile goods?

In other words, getting stuck with excessive inventory that goes unsold. With the potential for new tariffs that could raise the cost of goods significantly, many businesses have begun to stockpile goods to avoid the possibility of having to raise prices. ...

Why is stockpiling a bad thing?

Moreover, as witnessed during the pandemic, “stockpiling by consumers can actually lead to higher prices in and of themselves and empty store shelves,” Lincicome said. Plus, any money put toward stockpiling means consumers have less to spend in other areas. ...

Is stockpiling a good way to save money?

So, stockpiling to try to save money down the road could be “preparing for something that never happens,” he said. Moreover, as witnessed during the pandemic, “stockpiling by consumers can actually lead to higher prices in and of themselves and empty store shelves,” Lincicome said. ...

Are tangled supply chains slowing down Us Shoppers?

Prices on consumer goods are rising in the United States and tangled supply chains are making it harder for shoppers to always get exactly what they want. But these factors are not yet slowing down US shoppers. ...

Are Us Shoppers slowing down?

But these factors are not yet slowing down US shoppers. Consumers are still dishing out on sporting goods, clothing, furniture, and groceries and spending at bars and restaurants, data from the Commerce Department showed Friday. Retail sales in September grew 0.7% from the month earlier, beating economists’ forecast for a 0.2% decline. ...