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submitted 11 months ago by MicroWave@lemmy.world to c/news@lemmy.world

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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[-] nutsack@lemmy.world 5 points 11 months ago

maybe target sucks ass

[-] bitwolf@lemmy.one 4 points 11 months ago

Targets not really good for anything other than the Mossimo shirts and shorts.

The groceries are much more expensive than grocery stores near me I only get from there if desperate.

[-] Dkarma@lemmy.world 3 points 11 months ago

Probably cuz if ur buying groceries at target ur just getting ripped off plain and simple. It would make sense that if someone is examining their food budget and your stores groceries cost more they won't shop there for long.

[-] afraid_of_zombies@lemmy.world 3 points 11 months ago

Which is why I heavily invested in Costco when food prices went up. If suddenly it matters people are going to be willing to endure Costco.

[-] Hoomod@lemmy.world 4 points 11 months ago

Costco and Aldi

Gotta live with what they offer though, as the selection is not as large as a typical grocery store

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this post was submitted on 03 Nov 2023
526 points (98.3% liked)

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