Target Earnings, Sales Sapped as Consumers Pull Back

Consumer spending has held up relatively well so far despite inflation, but experts say we’re approaching an inflection point. WSJ’s Sharon Terlep explains the role"elasticity" plays in a company’s decision on whether to raise prices. Photo illustration: Adele MorganTarget Corp.

said consumers pulled back on their spending in recent weeks, sapping sales and profits in the latest quarter and putting a cloud over its holiday season.larger rival Walmart Inc. in the period. Target executives lowered their financial goals for the holiday quarter and said they would look to cut at least $2 billion in costs over three years.

Maybe it’s because people avoid shopping at Target because everybody brings their pet dogs in there all the time. It’s disgusting

I pulled back my spending at Target because they do not have employees at the registers to take my money..

Isn’t curbing consumer demand exactly the symptoms that the Fed wants to see as it has continued to push interests rates up? Dampened consumer demand should be reflected in an even lower inflation rate for November. And if this results, Wall Street will be very happy. Let’s see.

What is Walmart doing better?

A cloud? Their profits are up three fold compared to years past due to unwarranted higher prices and greed. May they have a bah humbug holiday season

I have been seeing good results about her everywhere and a lot of people keep saying to reach out to her. I eventually did and it turns out profitable. If you aren't following massangill you should be. I have added massively to my holdings.

Shop small business this holiday season!

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