Brian Cornell, Chairman and Chief Executive Officer of the Target Corporation.
Anjali Sundaram | CNBC
Target CEO Brian Cornell says shoppers are pulling again, even on groceries, as they really feel harassed about their budgets.
In an interview with CNBC’s Becky Quick, he emphasised that the retailer has seen seven consecutive quarters of declining gross sales of discretionary objects, similar to attire and toys, when it comes to each {dollars} and models.
“But even in meals and beverage classes, over the previous few quarters, the models, the variety of objects they’re shopping for, has been declining,” he stated within the interview.
Cornell’s full interview with CNBC will air later Thursday as a part of CNBC Evolve.
This story is growing. Please examine again for updates.