The Indicator from Planet Money Target, Klarna and Sesame Street's new addy
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May 23, 2025 This discussion dives into Target's troubled sales and the consequences of social justice backlash. Klarna's staggering $99 million loss reveals the pitfalls of the buy now, pay later trend and its comparison to traditional financing methods. Meanwhile, Sesame Street embarks on a new adventure with its 56th season on Netflix, potentially rejuvenating the beloved series. Tune in for insights on retail challenges and evolving consumer behaviors that shape today’s economy!
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Klarna's Financial Struggles
- Klarna lost $99 million in Q1 due to customers not paying or paying late for buy now, pay later loans.
- A growing number of people use these loans for groceries, signaling financial strain on consumers.
Reasons Behind Target's Sales Drop
- Target's sales dropped 2.8% in Q1, partly due to backlash over scaling back DEI efforts.
- Tariffs on imports from China and declining consumer confidence also hurt sales.
Sesame Street's Streaming Transition
- Sesame Street's upcoming 56th season will stream on Netflix and PBS simultaneously.
- Previously on HBO, Sesame Workshop faced funding shortfalls and staff layoffs before new Netflix deal.