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Target CEO says consumers are still spending, but sees pressure on discretionary items

Por: MarketWatch Business November 15, 2023

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Speaking in a conference call before market open, Target Chief Executive Brian Cornell the company saw soft industry trends in discretionary categories, as well as higher inventory shrink. Related: “Overall, consumers are still spending,” he said, but cited factors such as higher interest rates and the resumption of student loan repayments as things that are affecting discretionary purchases. Consumers have also been delaying their buying,... + full article



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