Posted on 03/01/2017 6:13:21 PM PST by Olog-hai
Target, stung by the migration of its customers elsewhere, pledged Tuesday to spruce up some tired stores and make other investments in its business after delivering weak quarterly results and an outlook far below what analysts were expecting.
The retailers profit for the quarter that includes the holiday season fell 43 percent, with strong online sales failing to offset weaker business at its stores. Targets stock tumbled more than 12 percent, and other retailers dipped as well.
Target said it will spend $7 billion over the next three years to remodel more than 600 of its 1,800 stores, speed up its expansion of small-format stores, bolster its online operations, and launch new brands. The company usually spends about $2 billion a year on such capital investments.
(Excerpt) Read more at bigstory.ap.org ...
OVER PRICED CHEAP CHINESE CRAP?
Wouldn't work for me. Target is dead to me and millions of moral Americans. I don't want to support a company which has to be FORCED to do the right thing. They'll just as likely revert to pervert.
Funny that Gaycy’s and JCPansie are having similar problems - for the same unnamed reason.
Walmart has a 100% “equality score” from the Homo Reich Crusade. Better think again.
I’ll admit, every Target I have been in has already been clean-looking and contemporarily fresh. I’m thinking the spuce-up is a euphemism for new “separate but equal” single-occupant restrooms for the rest of us normal people to segregate ourselves from the public restrooms for trannies to lurk.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.