The CEO of Target stores recently explained to CNBC that American consumers cut back significantly , “even on grocery items.” He relayed to the business channel that “even in food and beverage categories, over the last few quarters, the units, the number of items they’re buying, has been declining.”
Admittedly, few on the political right will shed any tears for the executive suite of Target, a company infamous for its obsession with woke politics. Nonetheless, Target provides a key gauge of overall consumer health. After all, this chain of nearly 2,000 big box stores, with more than 400,000 employees, boasts a market cap value of $50 billion.
The reality, as relayed right now by Target – and nearly every other major retailer – is that the U.S. consumer is so afflicted by Biden’s inflation that buying food has become a hardship in 2023 America.
In fact, the latest survey results from the […]
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