And yet another major company just revealed that its sales have been struggling as wary consumers manage their budgets.
This decline is recorded in both dollars spent and the number of items sold.
“You’re seeing some of the pressure in those categories.”
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However, it’s not just discretionary items that consumers are pulling back on right now.
It’s happening in the grocery category, too.
So they’re even tightening up their spending in those categories," Cornell said.
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Target couldn’t secure enough inventory to serve its customer base during that period of high demand.
“We’re going to lean into those big seasonal moments and play to win.
