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.
Shoppers are quiet quitting. Nobody wants to shop anymore
Watching shoe company gouge CHILDREN by marketing and selling them running shoes for 500 dollars kinda turned me off from ever wanting to give those companies money ever again.
Barefoot running is it then.
Kidding aside, kids do need good shoes, but they’ll also need new shoes every 6 months or more, so $500 is definitely out of the question for most parents.
It must be a signal product or something. Quite frankly I don’t mind those, because it only steals money from dumb rich people. If I were to start a business that’d be my segment too. It’s easier to find 10 customers willing to pay a $1000 for a bag of shit than it is to find 1000 customers willing to pay $10 for the same bag of shit.
Oh no I think you’ll find that most of the people that are targeted by this type of predatory marketing are not rich, some are, but most are just taking money away from other essentials to try and get that thing that the multi-million dollar marketing campaign told them they must have
You’re right. Most customers for those kinds of products are only pretending to be rich. The suburban BMW/Audi segment. Actual rich people don’t buy those things.
I grocery shop with the app now. It costs $100/yr including delivery. I don’t have to step foot in the store and I can track my spending to the dollar so I’ve saved more than the app costs just by avoiding impulse purchases.
If I don’t like the produce they send, I reject it at the door and they replace it.
It’s pretty sweet for us and is saving a bunch of time and money.
It’s “set foot” goddammit, not “step foot.” I fucking hate that. Never do it again.
Go fuck yourself dude
I set my foot by stepping, so it is literally ‘step foot’ any way you look at it and I will absolutely continue to use the phrase appropriately.
Thanks for inspiring my increased usage of the term.