this post was submitted on 03 Nov 2023
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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.

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[–] ramenshaman 6 points 1 year ago (1 children)

I fucking love Target. I've been shopping less there because my girlfriend moved in and I'm drinking a lot less and eating out more.

[–] IronpigsWizard 6 points 1 year ago

As for beverage (well, soda) sales, everyone's social circle is different, as for mine...usually people grab a water, iced coffee (bottled or poured) or energy drink at a corner, grocery or department store, etc.

I honestly cannot remember the last time someone I knew wanted to stop somewhere for specifically a Pepsi, Coca Cola or any regular soda product.

Even when eating out at a restaurant, if it is not alcohol, it's usually coffee and/or water.

[–] nutsack 5 points 1 year ago

maybe target sucks ass

[–] [email protected] 4 points 1 year ago

Targets not really good for anything other than the Mossimo shirts and shorts.

The groceries are much more expensive than grocery stores near me I only get from there if desperate.

[–] Dkarma 3 points 1 year ago (1 children)

Probably cuz if ur buying groceries at target ur just getting ripped off plain and simple. It would make sense that if someone is examining their food budget and your stores groceries cost more they won't shop there for long.

[–] afraid_of_zombies 3 points 1 year ago (1 children)

Which is why I heavily invested in Costco when food prices went up. If suddenly it matters people are going to be willing to endure Costco.

[–] Hoomod 4 points 1 year ago (3 children)

Costco and Aldi

Gotta live with what they offer though, as the selection is not as large as a typical grocery store

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