Reported 5 months ago
Target's first quarter earnings fell short as inflation impacts consumer spending. Retail expert Jerry Storch points out a strategic blunder made by Target in pulling out of the full-service grocery business years ago, positioning them poorly compared to Walmart, which is a full grocery store. This decision affects customer behavior and overall competitiveness. For expert insights on this issue and more market action, viewers can watch the full Catalysts episode.
Source: YAHOO