526
submitted 2 years 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.

you are viewing a single comment's thread
view the rest of the comments
[-] BURN@lemmy.world 44 points 2 years ago

People just aren’t buying from Target

Among my peers (early/mid 20s to early 30s) everyone explicitly avoids grocery shopping at target because it’s so much more expensive than other big box retailers. Target is for the occasional home decor items or household items, but very rarely food in my experience.

[-] afraid_of_zombies@lemmy.world 10 points 2 years ago

The only thing I have noticed is that every piece of men's clothing I have bought from them has worked out for me. It didn't die quickly or have some weird defect. I tend to shop there for clothing for that reason.

[-] CADmonkey@lemmy.world 3 points 2 years ago

The last time I went to target it sort of skeeved me out. I bought two bookshelves, and once I paid there were two employees that seemed to want to get really close and follow my wife and I out the door. So I paid for something and probably ended up in their database as a shoplifter.

[-] iheartneopets@lemm.ee 3 points 2 years ago

Are you sure they weren't just waiting to see if you needed help lifting the bookshelves into your car?

[-] CADmonkey@lemmy.world 0 points 2 years ago

If they were doing that, they could use their word-noises like adult human beings.

And they didn't help, so your comment doesn't make sense.

[-] iheartneopets@lemm.ee 0 points 2 years ago

Not always, friend. Being a human/communication is hard. It's also entirely likely that they had walkies in and their manager was telling them to keep an eye out for you in case you did need an employee nearby to ask for help. I think your original comment assuming conspiratorial malice instead of just much-more-common awkwardness is the comment that doesn't make sense.

[-] ZzyzxRoad@sh.itjust.works 1 points 2 years ago

Yes, I have the same experience there. It's ridiculous. I rarely go there anymore because of that, and everything being expensive.

[-] iheartneopets@lemm.ee 1 points 2 years ago* (last edited 2 years ago)

Edit: sorry, this comment was meant for someone else! Lemmy tacked it under yours for some reason.

[-] Dkarma@lemmy.world 1 points 2 years ago

Yep it's getting skeevy. I think Target is the next Kmart.

[-] EmpathicVagrant@lemmy.world 1 points 2 years ago

I go there to window shop and never ever buy anything. I visit around this time of year because I know less people will be there and I can have peace - just never buy there. Now they get traffic and not a purchase, whoopsie.

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

News

36384 readers
809 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source. Clickbait titles may be removed.


Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials, videos, blogs, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.


7. No duplicate posts.


If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners or news aggregators.


All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS