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DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Target and Aldi are reducing prices on grocery staples in response to inflation-fatigued customers, with Target posting weak quarterly results and missing earnings estimates. Target's sales fell for the fourth consecutive quarter, showing a decline in key sales measures and cautious outlook on discretionary spending.
Both $WMT and $TGT are cutting prices across thousands of SKUs as demand wanes from consumers with extended credit
Even Target can't hide its head in the sand, citing consumer resilience. But stale talk of spending shifts to services even as rivals post improving discretionary sales = share loss is just as important. $TGT $WMT $AMZN $XLY $XLF https://t.co/fKb1fh3L1g https://t.co/6KSfTzWvaN
E.l.f. Beauty Stock Rises After a Weak Forecast. Here’s Why. https://t.co/62wYUTdDcZ
