No shit. Groceries have gone up 40% in the past 1-2 years for no real reason while wages have not and things like housing are going up too. Amazing that people would be buying less 'units'.

Hmmm. We raised the prices on EVERYTHING and shoppers aren't buying as much.

No shit.

"We tried raising prices to meet our margin targets, and now we're all out of ideas"

-every MBA at Target

They are finding the stone is running out of blood.

Shoppers are quiet quitting. Nobody wants to shop anymore

Damn who could've predicted that the price of even basic groceries skyrocketing up while wages stay stagnant (again) would discourage people from buying more things. It's almost like they don't have the money ...

Is it really ‘pulling back’ when consumers are priced out of those things?

It’s almost like people don’t have enough money to buy things when wages are stagnating and prices are going up. Weird.

In a society that deletes the middle class, prioritizes the oligopoly in which three fucking people own more than the bottom 50% (in 2017, before the great covid wealth transfer), and every goddamn product (necessity or no) is overpriced to fuck because a handful of companies owns the majority of the "competitors".....

it's almost like people CAN'T AFFORD to not "pull back" on even groceries. Fuck capitalism, fuck the oligopoly, fuck this fucked planet. Humanity is a cancer

I live in a country where wages are linked to a central index.

The index measures how expensive life is becoming. If the prices of products and services rise, the index rises accordingly. If the figure exceeds the so-called central index, benefits and wages will automatically increase.

So, this happened in October again and next month I'll have an increase of 2% in wages.

It's more complicated than that, but most countries should use this to protect at the very least handicapped, sick or unemployed people who live on benefits.

It's not much, but it helps in a way.

So they had their CEO come on and complain that the reason “line go down” is “people no buy” so investors won’t think it’s management’s fault?

Maybe the rich people could BUY MORE UNITS. Since the rest of us normal people don't have that kind of money.

"People with only $100 to spend are still only spending $100 on things! And we raised prices and everything!"

People just aren’t buying from Target

Among my peers (early/mid 20s to early 30s) everyone explicitly avoids grocery shopping at target because it’s so much more expensive than other big box retailers. Target is for the occasional home decor items or household items, but very rarely food in my experience.

When you wring the middle class for every spare cent they have, eventually money is going to stop falling out no matter how hard you twist them.

I stopped going when they replaced 90% of the cashiers with self-checkout and the lines tripled in size.

There were times where I spent more time in line than I did shopping there.

I forgot where I saw someone else suggest it... But if you really want to win over shoppers this Black Friday? Don't run a week of discounted TVs. Discount groceries.

Target's grocery prices are really high and their selection is mediocre. I can go to different stores and save 20%+ on many items.

Maybe shoppers are just pulling back on groceries at Target.

Don't they do this every year? "Oh, no, we're going to do soooooo badly this holiday season!!1!1!" Only to have record profits, yet again. Set market expectations low then ✨✨dazzle✨✨ them. 🙄 Meanwhile we're all paying more for lower quality plastic.

Translation: they're buying their shit elsewhere because Target sucks and is overpriced

And then they turn around and blame thieves for closing their stores

Good thing they took some food prices out of the inflation calculation, problem solved pack it up boys.

It's almost like they don't have money

NOBODY WANTS TO BUY ANYMORE

Most people have an ever dwindling supply of money, while those at the top still believe that the only success metric is endless growth. These two experiences are incompatible.

Fuck Brian Cornell. He's overpaid and does a shit job.

People have less money so they will spend less. Nothing different than that.