As retailers wrapped up their earnings reports this week, most said they’re back in cost-control mode and will tighten inventories after the holidays. Shoppers are still spending cautiously and costs are on the rise, so profits…
Target Corp. (TGT) is conservative in its expectations of holiday spending this year.
Target’s CEO Gregg Steinhafel said that sluggish consumer spending an ailing economy may weaken holiday purchases, Reuters reported.
Consumer spending has strengthened several times, only to fall back again later, Steinhafel said.
“It’s like a game of whack-a-mole,” Steinhafel said.
Still, Target…
Continue reading Target Conservative in Holiday Season Expectations
Target Conservative in Holiday Season Expectations originally appeared on DailyFinance on Fri, 24 Sep 2010 08:25:00.
Filed Under: Company News, Target Corp, Retail