Shoppers are reaching less for the top shelf. For more than a decade, high-price drinks have driven sales growth in the wine and spirits industries as people traded up for fancier brands. The shift is another sign that behavior is changing among some of the least price-sensitive shoppers as economists forecast a recession. Read More...
American City Business Journals
Target ends 2022 holiday shopping season with a clearance sale
Minneapolis-based Target Corp. (NYSE: TGT) on Monday announced a “Target Clearance Run” event for shoppers to spend a little more at the close of the crucial holiday season. The clearance sale will feature 50% off select clothing, shoes, toys, beauty, home décor and jewelry. Target has had post-Christmas sales before, but the stakes are particularly high this year — partly because the outlook for retailers has been so murky.
