Walmart CEO Doug McMillon highlighted that the ongoing inflationary cycle is 'really detrimental and created a lot of pressure for [lower income families]' this holiday season.
Target's CEO Brian Cornell noted that American households are 'shopping carefully as they work to overcome the cumulative impact of multiple years of price inflation,' indicating a cautious consumer approach.
Michael Creedon, interim CEO of Dollar Tree, observed that consumers are increasingly opting to 'eat more at home and cutting going out,' reflecting a shift in spending behavior.
Dollar General’s CEO confirmed that shoppers across income levels are feeling budget pressure, suggesting a broader trend of consumers becoming 'resourceful in their shopping behaviors.'
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