Posted on 10/22/2024 7:43:37 AM PDT by Diana in Wisconsin
Listen! I just POST the articles. I can’t be expected to READ them, LOL!
“The next earnings report for Target (TGT) will be released on November 20.”
I’ll bet you a doughnut that the ‘36% increase in profit’ is going to be adjusted down, just like Mother Government does with HER bogus ‘earnings reports.’
“Remember them kicking out the Salvation Army Red Kettles during the Christmas holiday.”
THAT and the bathroom/dressing room stupidity did it for me.
Sounds more like a way to burn excess inventory/slow moving products, thereby freeing up cash. The other option is to lower profits while improving cash flow/churn. Would need to see the financials to better get a sense of what they are doing.
But as the article states, other retailers are also doing this as well, so it could be a race to the bottom and only the strongest will survive
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