Target CEO says shoppers are pulling back, even on groceries
Target CEO says shoppers are pulling back, even on groceries
Target is doubling down on its cautious outlook as it prepares for the holiday shopping season.
Target CEO Brian Cornell says shoppers are pulling back, even on groceries, as they feel stressed about their budgets.
In an interview with CNBC’s Becky Quick that aired Thursday morning, he emphasized that the retailer has posted seven consecutive quarters of declining sales of discretionary items, such as apparel and toys, in terms of both dollars and units.
“But even in food and beverage categories, over the last few quarters, the units, the number of items they’re buying, has been declining,” he said in the interview.
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I assume this is the same CEO that folded like a wet noodle as soon as the bigots started complaining about having Pride merchandise in the store last summer.
Yep. Dude has the fortitude of a bowl of oatmeal.
Hey bowls can be surprisingly durable and oatmeal can turn into cement for no fucking reason. This guy is more like a pack of gummy worms.