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Macy’s and Target signal potential consumer spending slowdown with cautious sales forecasts amid inflation and economic uncertainty.
Personal check use has declined by 7.2 percent per year since 2018.
Backlash against last year’s Pride Month marketing campaign contributed to Target’s first quarterly sales drop in six years.
A bright spot for the Minneapolis-based retailer was holiday profit in the fourth quarter, which rose 58 percent over last year’s final quarter.
Men’s T-shirts, socks, and underwear were placed behind the protective cabinets at the Target due to frequent theft.
The closures are set to commence in February and are expected to conclude by the end of April.
More and more stores are making changes to the divisive trend.
‘The Campaign provoked immense consumer backlash and boycotts that caused Target’s sales to fall for the first time in six years,’ the lawsuit stated.
Officials across the United States have warned about a new gift card scam known as “card draining.”
