[…] Target’s much-anticipated quarterly earnings bore out much of investors’ fears, with a 3.4% drop in comparable digital sales attributed to a consumer pullback of purchasing discretionary goods. Additionally, stalwart retailer Macy’s has had its own share of revenue difficulties for Q1 2023. The retailer’s brick-and-mortar sales decreased 6% year over year, with digital sales off 8% during the same period. This has led to Macy’s revising its annual sales and profit forecasts downward, citing a deceleration in demand caused by inflation as the primary factor.   […]