Big news about the economy! American shoppers are buying less stuff, making stores worried about their sales. This is partly because of new taxes (called tariffs) on things imported from other countries like Mexico and China. This makes those things more expensive.
- Stores like Abercrombie & Fitch expect slower sales in 2025.
- Target also expects lower profits because of these higher prices.
- The price of food might go up soon, too.
| Company | What happened | Numbers |
|---|---|---|
| Abercrombie & Fitch | Slower sales expected | Sales growth down to 3-5% in 2025 (from 16% last year), Stock price dropped 14% |
| Target | Lower profits expected | Falling profits and sales, Facing pressure from tariffs. |
Basically, less shopping means less money for stores. It's a bit like when you save your allowance for a special toy – people are saving more and buying less right now.
