LOL...now we know where all those Target shoppers went!
I think this is a real bad indicator. We are not in a recession, we’re in the early stages of a depression, a contraction just happened and I do not for the life of me understand why people cannot see it.
There's some truth to that. Target shoppers have been forced to look elsewhere because Target is overbought on seasonal items and hasn't yet been able to mark them down and get rid of enough to bring in new stuff.
The vendors shipped the items to their competitors, including Walmart, and the customers follow along.