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To: janetjanet998

It may already be too late for Target, as Wal-Mart is expanding almost exponentially at the expense of the declining share going to Target.


11 posted on 05/19/2016 5:17:45 AM PDT by alloysteel (The Triumph of Trump - finally, does the hegemony of the Republican elites get broken?)
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To: alloysteel

Perhaps the hammer is just beginning to fall on Target. Their earnings per share was reported yesterday @ $1.29. Not bad but that has a lot to do with shuffling/selling assets and not a reflection of retail sales, which is weakening. From CNBC:
Target reported a lower-than-expected increase in sales at established stores as consumers spent more on big-ticket purchases like homes and cars than on discretionary items like apparel, a major source of revenue for department stores.

The Minneapolis-based company’s shares dropped more than 7 percent Wednesday. At Tuesday’s close, the stock had risen just 1.3 percent since the start of the year.

http://www.cnbc.com/2016/05/18/target-q1-earnings-report.html


26 posted on 05/19/2016 6:27:00 AM PDT by PeteePie (Righteousness exalts a nation, but sin is a reproach to any people - Proverbs 14:34)
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