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| Economy |
| Target gets their seasonal revenue excuses in early |
| 2024-10-21 |
| [Daily Mail, where America gets its news] 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... they're spending less than the growth of inflation,' he told the program on Thursday. The former Target exec pointed out that a quirk in the calendar means Thanksgiving falls later than usual this year, meaning the shopping period will be shorter too presenting a tough climate for retailers. |
| Posted by:Skidmark |
| #2 I bought replacement lights online for my Christmas tree and they were delivered 10 days ago |
| Posted by: Frank G 2024-10-21 18:03 |
| #1 Thanksgiving falls later than usual this year, meaning the shopping period will be shorter... 'Thanks' to Amazon, Walmart, COSTCO, et al the Christmas selling season has already begun (before Halloween let alone Thanksgiving). |
| Posted by: Procopius2k 2024-10-21 15:33 |