Posted on 03/03/2015 1:49:42 PM PST by Red Badger
Target's chief executive, Brian Cornell, said Tuesday the retailer will cut several thousand jobs within the next two years as part of a $2 billion cost savings plan.
The company also announced 2015 guidance of $4.45 to $4.65 adjusted earnings per share. Wall Street expected Target's guidance at $4.50 adjusted earnings per share.
Target also expects digital sales to increase 40 percent and same-store sales between 1.5 percent and 2.5 percent, with modest improvement in gross margins and expense rates. It also expects sales to grow between 2 and 3 percent during the year.
The company's stock closed at $78.02, or 0.44 percent up.
Regarding 2016, Target expects earnings per share to grow at a 10 percent yearly rate and a 5 to 10 percent dividend growth rate.
The lib nonsense is just a short-term gimmick reaching out to childless deviants (homosexuals) because they have more discretionary income (though at this point enough mentally stable people are childless as well). I guess they figure any publicity is better than none at all...
Agree, but those can’t really be considered alternatives to Target. Perhaps a small overlap with HL but not much.
Let’s just say I have inside information. Business is very good at Target, but its retail. Very competitive. And there’s a lot of fat. And its a brand new CEO. His job is to make the numbers look better, and he’s doing it by cutting fat.
Get ready to see some changes at Wal-Mart.
When I worked there some years ago, they had ex-managers flood Corporate Headquarters after Target got rid of a lot of their deadwood.
Next thing you know, we got rid of the handy W-M-issued vests and went to T-Shirts “just like Target” - only blue instead of red. Oh yeah, the workers had to pay for the shirts.
Maybe that’s where the new pay raise comes in.
Aren’t they also the stores that banned the Salvation Army red kettles?
They would create more jobs if they paid a minimum wage of $15 per hour.
Sorry, I lost my mind there and was thinking like a democrat. Liberals are complete idiots.
Target had a good sporting goods section complete with firearms back in the late '70's. I bought a Ithica 37 shotgun there.
I didn’t imply they weren’t doing well; nowadays if they don’t they close stores. Like most businesses, they are simply trying to squeeze more work from fewer people. I never said the stores were empty, just that few registers were open for the number there. I avoid the place because you stand in long lines for few registers; obviously people are shopping there.
I live near a Dollar General that I avoid like the plague because it seems they’ll have one register open (out of four) and you just stand there tenth in line; they always work with skeleton crews (the cashiers are also stock people, etc.).
Si..................
Suicide spike linked to recession
Mar 3rd, 2015 @ 01:05 am › Eric Alvin
The effects of the most recent economic recession are still being felt as people rebuild their retirement portfolios and look for a well-paying job. But a recent study shows that the most sobering statistic from the recession years is the jump in middle-age suicides.
The study, conducted by the Robert Wood Johnson Foundation and the Center for State Health Policy at Rutgers University, was recently published in the American Journal of Preventive Medicine. It found that of all completed suicides among U.S. adults ages 40-64 in 2010, financial, job, or legal problems played a key role in 37.5 percent. The figure increased from just under 33 percent in 2005.
Researchers found that suicide rates for those in this age group have risen 40 percent since 1999, with a noticeable spike between 2007 and 2010, the worst years of this country’s recent recession. While most of the deaths are attributable to existing mental health issues, the study found an association between financial pressures in tough economic times and suicide rates.
“Earlier studies noted a correlation between economic conditions and suicide,” said study author Katherine Hempstead in a news release. “But this study used a unique data set that provides detailed information about circumstances surrounding individual suicides. We can see that there is an increasing share of suicides among middle-aged people where financial or economic distress is cited as a contributing factor.”
The study noted that evidence suggests the middle-aged had more of a struggle during the recession, citing that while one in five younger workers experienced salary reductions, that number rose to one in four for workers aged 50-64.
“Middle-agers often feel financial pressure related to caring for their own family,” says Dr. Kevin Krippner, a licensed clinical psychologist at Advocate BroMenn Medical Center in Normal, Ill. “Money is needed for today’s expenses as well as planning for the future, such as college tuition for children and retirement. Financial pressures can cause emotional distress and pain.”
The researchers concluded that more people need to understand that financial setbacks like job loss, bankruptcy and foreclosure can be risk factors for suicide.
“Human resource departments, employee assistance programs, state and local employment agencies, credit counselors, and others who interact with those in financial distress should improve their ability to recognize people at risk and make referrals,” according to the authors.
They add that access to crisis counseling and other mental health services on an emergency basis, often provided at times of natural disaster, should also be considered for economic crises.
“Persons who are thinking about suicide are in some type of physical or emotional pain and may be unable to see ways to reduce that pain except for suicide,” says Dr. Krippner. “If you know someone who may be thinking about suicide, certainly the best response is to be direct and ask if they are thinking about suicide. If say they are, try to get them professional help immediately.”
I’ve noticed Target tends to cater/market more to the entitled liberal soccer mom demographic.
Consequently a large percentage of your customer base will act like a spoiled two year old when they are told no, you can’t use a expired coupon, clear a shelf “extreme couponers” style, etc. This leads to all sorts of issues that puts Target in a loose-loose situation. Cater to them to make them happy, loose money and have one person buy all 100 sale items OR refuse to cater to them and get a “I had the worst customer service experience in my like at Target” FB post.
Marx Dayton gonna set them straight
http://www.twincities.com/business/ci_27640887/minnesota-governor-seeks-meeting-target-ceo-layoffs?source=most_viewed
I don’t understand why they’d go from one high tax state to another high tax state (NY and CA)
Liberals is as liberals does...............
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.