Target CEO Says Consumer Budgets Are Being ‘Stretched'
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Target CEO Brian Cornell highlights that consumers are becoming more cautious with their spending due to economic uncertainty and rising costs. Shoppers are prioritizing essentials and seeking value, impacting retail strategies.
November 20, 2024 | 7:15 pm
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Target's CEO Brian Cornell reports that consumers are cautious with spending due to economic uncertainty and rising costs, which may affect Target's sales and revenue strategies.
The CEO's comments suggest a potential decrease in discretionary spending, which could negatively impact Target's sales. As consumers prioritize essentials, Target may need to adjust its product offerings and marketing strategies to align with consumer demand for value.
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