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.
I commiserate with you on all of this, but I just wanted to let you know that as a small form of protest, you can say no to them checking your receipt on the way out the door. Be polite and civil, of course. But they can’t legally stop you from walking out with your purchases.