_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 as atadwe grinds a short tw 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: 3.7M times
✓ Published: 24-May-2024
👁 View: 3.7M 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
_ypee-grinding-sister-afia-on-stage-shorts-ypee-kumerica.webp "Xtra Arena Tv")
_rexy-we-can39t-accept-chia-soh39s-defeat-in-malaysia-masters-semis.webp "Malaysia's national coaching director Rexy Mainaky says the Malaysia Masters does not have a strong field of players as many top men's doubles and mixed doubles pairs opted to skip the tournament.<br/><br/>He says the country's top pairs Aaron Chia-Soh Wooi Yik an d Chen Tang Jie-Toh Ee Wei should have at least made it into the finals but they fell short in the semi-finals.<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline")
_i-trapped-my-boyfriend-shorts.webp "Jay and Nia")
_spiderman-grinding-women-at-a-party-soloku-party.webp "Top Model Girls")
_shatta-wale-grinds-a-model.webp "Emmanuel Huge")
_soloku-at-gomoa-manso-festival.webp "ESSIENYi tv")
_an-odd-woman-on-the-season-finale-of-cbs39-elsbeth.webp "Immerse yourself in a riveting moment of suspense with the official \")
_pretending-to-be-a-noob-in-skateboard-obby.webp "Sunny Melon World")
_ypee-grinding-sister-afia-on-stage-shorts-ypee-kumerica.jpg)
_rexy-we-can39t-accept-chia-soh39s-defeat-in-malaysia-masters-semis.jpg)
_i-trapped-my-boyfriend-shorts.jpg)
_spiderman-grinding-women-at-a-party-soloku-party.jpg)
_shatta-wale-grinds-a-model.jpg)
_soloku-at-gomoa-manso-festival.jpg)
_an-odd-woman-on-the-season-finale-of-cbs39-elsbeth.jpg)
_pretending-to-be-a-noob-in-skateboard-obby.jpg)
![[+]](/images/menu.gif){kind=small}