Target CEO warns that Hispanics may be shopping less

Target Corp. Chief Executive Officer Brian Cornell is sounding alarm bells over the state of Hispanic shoppers in the U.S. -- a key growth demographic for many retailers and consumer brands.

“The Hispanic consumer in the U.S. is shopping much less,” Cornell said at the Fortune Brainstorm Tech event Tuesday in Aspen, Colorado. “They are staying home. They are going out less often.” READ MORE AT BLOOMBERG

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