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
      link
      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.