Target reported a lower-than-expected increase
And, we should compare this to others in that segment, like Walmart and K-Mart etc.
Be careful, because in the bible it says (paraphrased) do not gloat when your enemy falls, lest the Lord hear and reverse their misfortune.
Target stock currently down 7.15% ~ Good luck with your decision Target! The “target” appears to be on your bottom line!
But to shareholders it can have the same effect.
Let’s also remember this is a quarterly report and the insane policy of TargetWomen&Children is not even a month old
Well TGT is down because they reported bad quarterly results, but the company is telling investors that this had nothing to do with any boycott, but because of normal business fluctuations.
Target closed it’s Canada operations last year and fired the guy who initiated it, which caused the stock to go into the tank in Febr. of this year (almost as low as it is now). Then the stock rallied but has again fallen off for reasons that we would disagree with the company about. There is a potential class action suit planned that blames the poor results and losses in stock value on a host of distribution channel and infrastructure problems:
http://finance.yahoo.com/news/shareholder-alert-faruqi-faruqi-llp-161211731.html
I encourage the boycott of Target over their insane policies but am trying to keep it real by pointing out that this is not acknowledged (yet) by anyone to be the cause of their poor financial performance.
With time and diligence in boycotting the store, clearly it will have impact that cannot be denied.
I think they are referring to a drop in Same Store Sales Growth. That could be a drop in sales.