_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
_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
_5-of-the-best-places-to-retire-in-america-in-2024.webp "Forbes compared more than 800 locales in America on everything from housing costs and taxes to healthcare, air quality, crime and climate change and natural hazard risk. These are the top 25 cities for retirees.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/williampbarrett/2024/05/10/best-places-to-retire-in-2024-las-cruces-and-other-unexpected-hot-spots/?sh=360f223018a0<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_british-columbia-sales-tax-bulletin-200-pst-exemptions-and-documentation-requirements.webp "TRS Tax Recovery Services Inc.")
⏲ 2 minutes 6 seconds 👁 52
_canadian-sales-taxes-pst.webp "Clear Direction Advisors")
_should-you-delay-your-social-security-and-use-your-401k.webp "Your 401(k) can be a bridge from retirement to a higher monthly income.")
_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)
_5-of-the-best-places-to-retire-in-america-in-2024.jpg)
_british-columbia-sales-tax-bulletin-200-pst-exemptions-and-documentation-requirements.jpg)
_canadian-sales-taxes-pst.jpg)
_should-you-delay-your-social-security-and-use-your-401k.jpg)
![[+]](/images/menu.gif){kind=small}