_target-issues-warning-on-near-term-growth-amid-rising-inflation-and-maxed-out-credit-cards.jpg "Target Issues Warning on Near-Term Growth Amid Rising Inflation and Maxed Out Credit Cards from adore by zipper item Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:37
👁 View: 6M times
✓ Published: 24-May-2024
👁 View: 6M times
✓ Published: 24-May-2024
Description:
Target warned of a weak near-term growth outlook as more Americans max out credit cards due to high inflation impacting household budgets. Target projected second-quarter sales to be flat to up 2% year-over-year, below analysts' estimates. One in three Americans has maxed out or is nearing the credit limit on at least one credit card. Discretionary spending will remain pressured in the short term as consumers spend cautiously, especially on non-essential items. Walmart also signaled consumers are spending more on essentials and stretching their budgets as inflation persists.
Target warned of a weak near-term growth outlook as more Americans max out credit cards due to high inflation impacting household budgets. Target projected second-quarter sales to be flat to up 2% year-over-year, below analysts' estimates. One in three Americans has maxed out or is nearing the credit limit on at least one credit card. Discretionary spending will remain pressured in the short term as consumers spend cautiously, especially on non-essential items. Walmart also signaled consumers are spending more on essentials and stretching their budgets as inflation persists.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_sewcial-sunday-6-24-18-39trendy-table-239-book-review-how-to-add-zipper-ends.webp "Sew Sweetness")
⏲ 47 minutes 42 seconds 👁 6K
_adore-diy-zip-organizer-bag-for-women-stuff-and-cosmetics-keeping-124-travel-bag.webp "DIY Crafts TV")
⏲ 9 minutes 20 seconds 👁 309.2K
_wallows-do-asmr-with-vinyl-records-talk-new-album-92.webp "On this episode of Mind Massage, Wallows take us on a sound journey using some of their favorite items such as their vinyls, tennis rackets, La Croix and more!")
_adore-mellow-round-zip-wallet-shining-black.webp "ADORE LEATHER WORK")
_saleyards-auction-may-30-2024-the-standard.webp "The council is auctioning off more sale yards goods including fun4kids items.")
_adore-olivia-wallet.webp "ADORE LEATHER WORK")
_how-to-insert-zippers-into-knitted-garments.webp "Interweave Craft")
_work-from-home-in-a-much-healthier-way-with-these-specific-items.webp "These items might help working from home be a bit more comfortable. Buzz60’s Keri Lumm has more.")
_sewcial-sunday-6-24-18-39trendy-table-239-book-review-how-to-add-zipper-ends.jpg)
_adore-diy-zip-organizer-bag-for-women-stuff-and-cosmetics-keeping-124-travel-bag.jpg)
_wallows-do-asmr-with-vinyl-records-talk-new-album-92.jpg)
_adore-mellow-round-zip-wallet-shining-black.jpg)
_saleyards-auction-may-30-2024-the-standard.jpg)
_adore-olivia-wallet.jpg)
_how-to-insert-zippers-into-knitted-garments.jpg)
_work-from-home-in-a-much-healthier-way-with-these-specific-items.jpg)
![[+]](/images/menu.gif){kind=small}