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.
I swear, every time I hear a little bit about how other countries operate I realize more and more what a fucking shithole the US has become.
Imagine how it feels for us who live in these countries and are bombarded with the hate and ignorance of social wellfare spewing out of the US cultural machine for decades to the point of eroding our own systems through cultural decay.