Target Conservative in Holiday Season Expectations

Before you go, we thought you'd like these...
Before you go close icon
Target Corp. (TGT) is conservative in its expectations of holiday spending this year.

Target's CEO Gregg Steinhafel said that sluggish consumer spending an ailing economy may weaken holiday purchases, Reuters reported.

Sponsored Links
Consumer spending has strengthened several times, only to fall back again later, Steinhafel said.

"It's like a game of whack-a-mole," Steinhafel said.

Still, Target is more hopeful than rival Wal-Mart Stores (WMT). Bill Simon, Wal-Mart's CEO for the United States, said adults could expect to receive basic gifts only this year.

"I don't believe it is going to be a socks and underwear Christmas," Steinhafel said.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners