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 can’t catch up if you never out pace them, so of course it’s important and not misleading. You don’t think they talk about teams coming back from being down early on?
But more importantly, the claim that wages are stagnant is not just misleading, but outright wrong, and it was corrected. Why aren’t you calling out the actual false statement rather than claiming reality is misleading?