Ex-Target exec says holidays to disappoint, shoppers ‘running out of money’
Former Target Vice Chairman Gerald Storch on Thursday warned that holiday spending will likely disappoint this year as inflation-battered consumers run low on savings and scrimp on spending due to geopolitical uncertainties. “It’s very clear that consumers are running out of money,” Storch, also the former CEO of Toys R Us in the 2000s and … Read more
