{"id":395298,"date":"2022-01-17T20:08:08","date_gmt":"2022-01-17T17:08:08","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/target-ceo-predicts-inflation-will-limit-driving-shopping\/"},"modified":"2022-01-17T20:08:08","modified_gmt":"2022-01-17T17:08:08","slug":"target-ceo-predicts-inflation-will-limit-driving-shopping","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/target-ceo-predicts-inflation-will-limit-driving-shopping\/","title":{"rendered":"#Target CEO predicts inflation will limit driving, shopping"},"content":{"rendered":"<p>&#8220;<strong>#Target CEO predicts inflation will limit driving, shopping<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>American consumers are likely to dial back on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a>s to stores and restaurants this year as soaring inflation makes shopping more expensive, according to Target CEO Brian Cornell.<\/p>\n<p>Cornell addressed the retail landscape during a Sunday <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>earance at a National Retail Federation event. He noted the rising price of gasoline and increased costs of everyday goods that should prompt Americans to seek cheaper alternatives.<\/p>\n<p>\u201cSome of the historical ways consumers react to inflation will play out again in 2022,\u201d Cornell said, according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-01-16\/target-ceo-sees-fewer-store-trips-as-shoppers-confront-inflation\">Bloomberg<\/a>.<\/p>\n<p>\u201cYou\u2019ll drive fewer miles, you\u2019ll consolidate the number of times and locations where you shop,\u201d Cornell added. \u201cYou\u2019ll probably spend a little more eating at home versus your favorite restaurant, and you might make some trade-offs between a national brand and an own brand.\u201d<\/p>\n<p>The Consumer Price Index surged 7 percent in December as businesses contend with widespread supply chain disruptions, shortages of key products and tight labor conditions. The inflation spike was the largest increase since mid-1982, according to the Labor Department.<\/p>\n<figure class=\"wp-block-image size-large is-style-default\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/target_02.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Brian Cornell.\" class=\"wp-image-20861009\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/target_02.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/target_02.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/target_02.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Target CEO Brian Cornell claims that the rising price of gasoline and increased costs of everyday goods will prompt Americans to seek cheaper alternatives.<\/figcaption><figcaption><span class=\"credit\">Sarah Blesener\/Bloomberg via Getty Images<\/span><\/figcaption><\/figure>\n<p>Retail spending dropped 1.9 percent last month, much more than economists expected. Sales at restaurants and bars fell 0.8 percent for the month.<\/p>\n<p>Cornell did not comment specifically on whether the inflation surge would affect consumer spending levels, though he noted the coming months would provide a key indication.<\/p>\n<p>\u201cWe\u2019re going to learn a lot about how the consumer reacts in the next 60, 90, 120 days to rising prices,\u201d the Target CEO said.<\/p>\n<figure class=\"wp-block-image size-large is-style-default\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/target_05.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Target storefront.\" class=\"wp-image-20861016\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/target_05.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/target_05.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/target_05.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Brian Cornell did not confirm whether the inflation surge would affect consumer spending levels.<\/figcaption><figcaption><span class=\"credit\">Paul Weaver\/SOPA Images\/LightRocket via Getty Images<\/span><\/figcaption><\/figure>\n<p>As of Monday morning, the national average price of a gallon of gas was $3.31, according to AAA. That\u2019s nearly $1 higher than the same day last year, when the average price was $2.39.<\/p>\n<p>While gas prices ticked downward in December, some analysts have suggested they could eventually hit $4 per gallon.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/01\/17\/target-ceo-predicts-inflation-will-limit-driving-shopping\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Target CEO predicts inflation will limit driving, shopping&#8221; American consumers are likely to dial back on trips to stores and restaurants this year as soaring inflation makes shopping more expensive, according to Target CEO Brian Cornell. Cornell addressed the retail landscape during a Sunday appearance at a National Retail Federation event. He noted the rising&#8230;<\/p>\n","protected":false},"author":1,"featured_media":395299,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/newspress-collage-20860593-1642439154068.png?w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[124173,70551,70470,70624,71089],"class_list":["post-395298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-1-17-22","tag-inflation","tag-retail","tag-shopping","tag-target"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/395298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=395298"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/395298\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/395299"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=395298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=395298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=395298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}