Hispanic consumers in the U.S. are shopping less, Target Corp.’s chief executive said at a technology conference in Aspen, Colo., on Tuesday.
Target CEO Brian Cornell said the slowdown has been apparent for the past few months.
“There’s almost a cocooning factor,” he said. “They are staying at home. They are going out less often. Particularly around border towns in the United States, you’re seeing a change in behavior.”
Cornell said the falloff in shopping by Hispanics has hit retailers across the industry, citing data provided to Target by NPD Group Inc.
Trump's a dangerous clown.