Reported 5 months ago
Former retail executive Jerry Storch suggests that a consumer slowdown has been masked by inflation, with consumers prioritizing essential expenses due to feeling they are spending more and getting less. He points out that Target's focus on discretionary products is causing disappointing results, despite efforts to lower prices on 5,000 items. Storch doubts the effectiveness of this strategy due to Target's lack of strength in providing value compared to other retailers like Walmart.
Source: YAHOO