The effects of growing income inequality continue to ripple through the American economy as every sector from retailers to automakers try to figure out how to appeal to an increasingly bifurcated consumer base — the rich, the poor, and a shrinking middle class. In the retail and restaurant worlds, the strategy among the likes of Walmart and McDonald’s has long been to gain market share with seemingly endless discounts. But that approach is showing signs of aging as consumer preferences shift and lower prices weigh on the bottom line.

May 16, 2016 ・ From The Washington Post