Does MBA ring any bells?
American business, especially retail busness has been given over to a bunch of glorified bean counters otherwise known as MBAs. All MBAs know is how to sell stuff cheap and how to make the next quarter look decent. Beyond those bounds they are all at a complete and utter loss.
Then you have to consider the very old and time tested phrase "you get what you pay for". Add bought for cheap and "you get what you pay for" and I think you have your answer.
And now you also know why there are no more decent hardware stores, why butcher shops are as scarse as hens teeth and decent meat is hard to find along with a lot of other stuff.