CNN (November 20)
2024/ 11/ 22 by jd in Global News
Major retailer Target is noticing customer behavior that “is causing it to cast doubt on its future sales.” Store traffic “grew by about 2% year-over-year,” but customer “spending per purchase shrunk by 2%.” According to CEO Brian Cornell, customers are “’becoming increasingly resourceful in their shopping behaviors, waiting to buy until (the) last moment of need, focusing on deals and then stocking up when they find them.’”
Tags: CEO, Cornell, Customer behavior, Deals, Resourceful, Retailer, Sales, Shopping, Spending, Stocking up, Store traffic, Target, Waiting
