Americans will drive less and make fewer shopping trips in 2022 because of pricey gasoline and soaring inflation, Target CEO says
Posted on AllSides January 18th, 2022
From The Left
Target CEO Brian Cornell said Americans will make fewer shopping trips this year, Bloomberg reported. QualityHD/Shutterstock
Target CEO Brian Cornell said on Sunday that Americans will drive less and make fewer shopping trips this year because of expensive gasoline and accelerating inflation, Bloomberg reported.
"Some of the historical ways consumers react to inflation will play out again in 2022," Cornell said at an event held by the National Retail Federation in New York cited by Bloomberg.
"You'll drive fewer miles, you'll consolidate the number of times and locations where you shop," Cornell said at the event, per Bloomberg.
Shoppers are likely to eat at home rather than in restaurants, and...
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AllSides Media Bias Rating: Lean Left
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