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.

  • BabyWah
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    531 year ago

    I live in a country where wages are linked to a central index.

    The index measures how expensive life is becoming. If the prices of products and services rise, the index rises accordingly. If the figure exceeds the so-called central index, benefits and wages will automatically increase.

    So, this happened in October again and next month I’ll have an increase of 2% in wages.

    It’s more complicated than that, but most countries should use this to protect at the very least handicapped, sick or unemployed people who live on benefits.

    It’s not much, but it helps in a way.

    • Match!!
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      fedilink
      English
      -91 year ago

      is this a country I, an American, would consider good

      • BabyWah
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        271 year ago

        Yes, Belgium in Europe. Come on over!

        • @[email protected]
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          fedilink
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          271 year ago

          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.

          • @LemmysMum
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            22
            edit-2
            1 year ago

            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.

        • @Got_Bent
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          51 year ago

          I dunno man. You’ve got that whole slathering your French fries in mayonnaise thing.

          I think I’ll continue living in my shit hole, no healthcare, hopeless wage slave, daily mass shooting, christofascist dictatorship because I need that sweet, sweet sugary ketchup.

          • BabyWah
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            21 year ago

            Oh, we have sooo many more sauces. And our fries are really the best. Right across the border, in the Netherlands, they even have peanut sauce for fries. I tried it and it was shit.

        • @TheIllustrativeMan
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          31 year ago

          Interesting, Belgium has never really landed on my list of places to look at. Then again, Germany didn’t either until I studied there for a while…

          Any chance you guys have an Architect shortage? 😅

          • BabyWah
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            21 year ago

            There’s always a need for architects. For such a small country, people here are always building and renovating. Maybe try it out first with an architect firm here? You can always send your CV to a few firms and explain you’d like the experience.

            But really do your homework on where exactly you want to live. Flemish/Wallon/urban Brussels, the coast or Limburg? If you’ve already experienced Germany, it’s a bit the same here.

          • BabyWah
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            21 year ago

            Trust me, I moved to a rural region and understand half of what these people say and I was born here :) it’s a tough language to learn, but you’ll get there. Also Belgians are exposed to other nationalities since the 60’s and know how to communicate non-verbally if they have to. Most of them have learned Dutch, French, German and know English.