Target exec issues grim warning as Americans begin holiday shopping
Target exec issues grim warning as Americans begin holiday shopping
The former vice chairman of Target has issued a dire warning to American consumers and retailers ahead of the holiday shopping period. Gerald Storch predicted that the seasonal shopping period between Thanksgiving and Christmas would be weighed down by economic and political uncertainties this year. 'It's very clear that consumers are running out of money,' he told Fox Business. 'They're increasingly stressed by inflation and the exhaustion of their pandemic-era savings.
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