CNN (November 20)
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
Seattle Times (June 1)
The cannabis industry “had a breakout moment during the pandemic. Legal cannabis sales in the United States passed $17.5 billion in 2020, a 46% increase over sales in 2019. For many Americans, stocking up on marijuana was as essential as stocking up on toilet paper. And the industry found a way to get it to them.”
Tags: Breakout moment, Cannabis, Essential, Increase, Industry, Legal, Pandemic, Sales, Stocking up, Toilet paper, U.S.
