Posted on 01/18/2017 5:13:58 AM PST by Zakeet
US retailer woes continued this morning, a trend the began well prior to the poor holiday spending season, when retail giant Target not only announced ahead of its Feb 28 Q4 earnigns result that comparable sales during the combined November/December period decreased 1.3%, but that "as a result of this softer-than-expected sales performance, the Company updated its fourth quarter and full-year 2016 guidance."
[Snip]
Target shares tumbled as much as 4.9% on the news, which has dragged Wal-Mart as much as 1.5% lower.
(Excerpt) Read more at zerohedge.com ...
See what you Freepers went and did! You bad old conservatives have cost the Libtards billions in market cap just because you are too narrow-minded to allow your women share bathrooms with transvestites.
WINNING
Walmart’s profits were a product of the Bill Clinton open trade policy with China. Hillary was on the Board of Directors of Walmart until Bill became president and Walmart financed Bill’s primary bid.
Bill & Hillary shipped the jobs to China for cheap production at the cost of US jobs. Trump is bringing them back and giving Walmart a kick in the ribs. (AND CHINA)
They really need to change thir paint color to blue
Old Sam Walton the founder of WalMart used to proudly boast the products sold at WalMart were made in America
Target’s solution will be to hire Chelsea Manning as their new spokestrannie.
I remember that. It was a cover for what Walmart was actually doing.
An old friend of mine knew Sam. He called Sam and ribbed him about it. By that point Sam was pretty old and not well. He had to be a bit senile to allow Hillary Clinton on the Board.
Well, they don’t have to worry about transvestities getting to use the dressing rooms. They are all empty.
Their toilets remain popular amongst the LGBT customers who comprise .00012% of their customer base.
Wise move. Management is right on Target!
How does what Target does, affect WalMart ?
Same industry ... and Wally World is the big ape in the cage.
The thinking among some is that when one company tanks, others will as well ... eventually. As a result, shares in the entire segment often fall together, albeit not as bad as those of the loss leader.
thanks.
So does the Board of Directors have the balls to fire the foolish CEO for his folly?
We have a super Target where I used to do my grocery shopping. Now I go to Kroger. But a few days ago, I finally did go in for a few items that the other store doesn’t have. I noticed it was practically empty.
Wish we had a Walmart closer. Seems like they would rather go broke than admit they were wrong.
“How does what Target does, affect WalMart ?”
Both have a gigantic brick-and-mortar infrastructure which is becoming less valuable as more retail commerce moves online.
I don’t think he as alive then. I think the kids were in charge by then. I think they started importing from China after he was gone
“I dont think he as alive then. I think the kids were in charge by then. I think they started importing from China after he was gone.”
He died in 1992... I think the conversation took place about 1990. It really went the China route after Bill became president in 1992.
I used to love seeing those WalMart trucks when they had the big old flag and I think it said Proudly made in America. But that was so long ago I can’t remember
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