Target CEO Says Consumer Budgets Are Being ‘Stretched'
Target(TGT) PYMNTS.com·2024-11-21 02:58
As economic uncertainty and rising costs continue to impact consumers, shoppers are more cautious with their spending, according to Target CEO Brian Cornell. Faced with a volatile financial landscape, many are making deliberate purchasing decisions, prioritizing essentials and seeking value.“Consumers tell us their budgets are being stretched,” Cornell said Wednesday (Nov. 20) during the company’s third-quarter earnings call. “They’re becoming resourceful, focusing on deals, then stocking up when they find ...