Comment by jimt1234
5 hours ago
> As affordability became Americans' top concern, big brands began to worry about shoppers switching to store-label competitors or skipping some purchases altogether.
I think, at least in the last year-or-so, big brands also became worried about getting flamed by the president for raising prices.
The companies that got flamed by 1600 Penn were the ones that raised prices without paying the occupant of 1600 Penn a bribe beforehand.
For the other 96% of the world population: 1600 Penn is a cute slang term referring to the address of the White House, a.k.a the president.