Target Boss Slams Harris for Blaming Inflation on Corporate ‘Price Gouging’
The retail conglomerate head echoes other industry leaders in denouncing the vice president’s call for a federal ban on so-called price gouging.
The chief executive of Target rebukes Vice President Kamala Harris’s campaign pledge to end “price gouging” by arguing that businesses in the ultra-competitive retail industry simply don’t have the wiggle room to raise prices.
“We’re in a penny business,” Brian Cornell said on CNBC on Wednesday when asked if Target or industry competitors ever benefit from so-called “price gouging.”
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