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U.S. retailers hit as immigration worries weigh on Hispanic spending

03:16 EDT 24 Aug 2017 | Yahoo News

U.S. retailers hit as immigration worries weigh on Hispanic spendingBy Richa Naidu CHICAGO (Reuters) - Many U.S. Hispanics are venturing out only to buy essential goods and are cutting back on discretionary spending, worried about possible harassment by immigration or law enforcement officials since the election of U.S. President Donald Trump, according to community groups, research firms and retailers. O'Reilly Automotive Chief Executive Gregory Henslee told analysts earlier this month that many of the company's stores with weak second-quarter sales were in Hispanic-dominant areas of the United States. In late July, Target Corp Chief Executive Brian Cornell at a conference referenced a report by retail consultants NPD Group that cited a decline in discretionary spending by Hispanics.


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