Wholesale Clubs Were a Winner in Q1: Coresight
Warehouse clubs recorded strong performances despite inflation running at 40-year highs, with both BJ’s and Costco posting double-digit sales growth in 2022's opening months, Coresight noted.
More Markdowns Ahead: Target Looks to Cut Its Losses
While seeing continued strength in food and beverage and other "essentials," Target said it will move to reduce inventories in discretionary categories where consumers have pulled back their spending.