U.S. Retail Sales Were Flat In July As Inflation Takes A Toll

In July, retail sales remained steady despite inflation, with mixed results for major brands. Target faced a significant profit drop due to inventory issues, while Walmart exceeded expectations with strong grocery sales. Consumers are cautious, spending more on essentials and exploring second-hand options. The video compares Walmart's and Target's strategies to adapt to changing consumer behavior.

What were the expectations of economists regarding sales in the retail sector for July?

How did inflation impact consumer shopping patterns according to the report?

What drastic measures did Walmart and Target take to rebound from the pandemic?

In what ways are Walmart and Target's customer bases different?

What is Target's strategy to improve their sales according to their CEO?