That dynamic has only been intensified in recent months as inflation jumps sharply, and the latest financial report from Target underscores the challenges.
What hasn't changed is the willingness of Americans to spend, even with inflation hovering near four-decade highs. Target said that revenue rose 4% to $24.83 billon in its most recent quarter, which was a little better than expected. Laura Veldkamp, a finance professor at Columbia University, says the constant “yo-yo of demand” has also contributed to pushing inflation higher because it has made it harder for businesses to plan.
Amazon reported its first quarterly loss since 2015 last month, stalled by a slowdown in pandemic-induced online shopping, in addition to a huge write-down of its investment in an electric-vehicle startup. Yet the same things that allowed Target to thrive in recent years, successfully stimulating impulse buys of discretionary goods, was a negative to start the year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Consumers shift again, flummoxing big retailers like TargetThe pandemic vastly changed the way Americans spend money and now as they return to pre-pandemic behavior, they're tripping up retailers again.
Source: WashTimes - 🏆 235. / 63 Read more »
Ukraine Effectively Surrenders Mariupol—Here’s Why The City Is Such A Prized Target For RussiaMariupol marks Russia’s first major victory since it launched its invasion in February, but perhaps most crucially paves the way for Russia to create a land bridge from Russia to the Crimean peninsula. No Rubles? No party.... I'm just curious when he is never in a suit? I’m sure that made Rand’s day
Source: Forbes - 🏆 394. / 53 Read more »
AUD/USD Price Analysis: Bulls rest up at 50% mean reversion targetAs per the prior analysis, AUD/USD Price Analysis: Bulls are taking charge at critical daily resistance, the bulls have moved in to the target area on
Source: FXStreetNews - 🏆 14. / 72 Read more »
The Best Desks at Target For Small and Large SpacesGreat for small and large spaces.
Source: POPSUGARMoms - 🏆 117. / 63 Read more »
Ukraine Effectively Surrenders Mariupol—Here’s Why The City Is Such A Prized Target For RussiaMariupol marks Russia’s first major victory since it launched its invasion in February, but perhaps most crucially paves the way for Russia to create a land bridge from Russia to the Crimean peninsula. Arrest JoeBiden BarackObama Russia 'we're invading Ukraine because NATO' oh by the way we plan on stealing what ever we can, because you know, NATO.
Source: Forbes - 🏆 394. / 53 Read more »
Car burglars target NW Side neighborhood, shoot at car ownerSan Antonio police say car burglars fired shots at a car owner who interrupted the crime early Tuesday. No one was hurt by the gunfire.
Source: ksatnews - 🏆 442. / 53 Read more »