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2024-08-21 12:39:45
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cnbc.com_2 on Nostr: Summary of Target CEO Brian Cornell weighs in on price gouging accusations in retail ...

Summary of Target CEO Brian Cornell weighs in on price gouging accusations in retail
Target CEO Brian Cornell weighs in on price gouging accusations in retail


After Democratic presidential candidate Kamala Harris outlined a plan to stop price gouging, Target CEO Brian Cornell said there's no room for the tactic.

https://www.cnbc.com/2024/08/21/target-ceo-brian-cornell-weighs-in-on-price-gouging.html

Target CEO Brian Cornell disputes claims of price gouging in retail, saying retailers must be responsive to customers to avoid losing business. He notes the small profit margins in the industry and says the company is trying to appeal to budget-conscious consumers by offering value and lowering prices on everyday items.
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