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Major retailers warn of slowing consumer spending and cut forward orders
Nov 19 (Reuters) – Target (TGT.N), opens new tab reported a bigger-than-expected drop in comparable sales on Wednesday and offered a wide range of profit outcomes for its holiday quarter, as it cuts prices and makes investments to appeal to cash-strapped U.S. consumers.
U.S. consumer sentiment collapses to recession-era levels
The federal government shutdown dragged consumer sentiment in the US to a near record low in November, according to a monthly survey conducted by the University of Michigan.
Consumer sentiment fell about 6% in November, with the consumer sentiment index for November 2025 at 50.3, down from 53.6 in October, nearly three points below expectations. Economists polled by the Wall Street Journal expected a 53.0 index reading.
The monthly index of consumer sentiment was last this low in June 2022, at 50.0, amid inflation during the Covid pandemic. The latest reading is the lowest reported by the index since at least 1978.
https://www.theguardian.com/business/2025/nov/07/us-consumer-sentiment-shutdown