_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 bc sales tax 2017 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: 4.3M times
✓ Published: 24-May-2024
👁 View: 4.3M 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
_city-minister-discusses-government39s-plan-to-cut-taxes.webp "Economic secretary to the Treasury Bim Afolami insisted cutting taxes remains a \")
_how-to-file-your-bc-pst-small-business-sales-tax-in-canada.webp "Jessica Moorhouse - Canadian Personal Finance")
_british-columbia-sales-tax-bulletin-001-registering-to-collect-pst.webp "TRS Tax Recovery Services Inc.")
_british-columbia-sales-tax-bulletin-309-pst-and-non-residents.webp "TRS Tax Recovery Services Inc.")
_british-columbia-sales-tax-bulletin-310-goods-brought-into-bc.webp "TRS Tax Recovery Services Inc.")
_shoppers-at-sam39s-club-secretly-hate-these-things.webp "A troubling advancement, missing freebies, and a convenience tax. Sam's Club shoppers love the deals but — maybe not so secretly — hate these things.")
_british-columbia-sales-tax-bulletin-500-pst-overview-for-real-property-contractors.webp "TRS Tax Recovery Services Inc.")
⏲ 2 minutes 👁 9
_city-minister-discusses-government39s-plan-to-cut-taxes.jpg)
_how-to-file-your-bc-pst-small-business-sales-tax-in-canada.jpg)
_british-columbia-sales-tax-bulletin-001-registering-to-collect-pst.jpg)
_british-columbia-sales-tax-bulletin-309-pst-and-non-residents.jpg)
_british-columbia-sales-tax-bulletin-310-goods-brought-into-bc.jpg)
_shoppers-at-sam39s-club-secretly-hate-these-things.jpg)
_british-columbia-sales-tax-bulletin-500-pst-overview-for-real-property-contractors.jpg)
![[+]](/images/menu.gif){kind=small}