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.

  • @ohlaph
    link
    1781 year ago

    Hmmm. We raised the prices on EVERYTHING and shoppers aren’t buying as much.

    No shit.

    • @[email protected]
      link
      fedilink
      481 year ago

      If shoppers are buying less they should just try increasing the price. More revenue per sale you don’t even need those lousy shoppers who left! What could go wrong?

      • @ohlaph
        link
        571 year ago

        I mean, what does a banana even cost, $10?

        • Teon
          link
          fedilink
          61 year ago

          $10. you lucky. I had to trade my car for 1 banana.

          • Nepenthe
            link
            fedilink
            31 year ago

            Fair deal. Not everyone has the gas money to bother with a car. Measuring things is free.