Posted on 02/28/2017 4:02:37 AM PST by smartyaz
CEO Brian Cornell was rather downbeat: “Our fourth quarter results reflect the impact of rapidly-changing consumer behavior, which drove very strong digital growth but unexpected softness in our stores. At our meeting with the financial community this morning, we will provide detail on the meaningful investments we’re making in our business and financial model which will position Target for long-term, sustainable growth in this new era in retail
At last check, TGT was trading 12% lower after the earnings, wiping out $4 billion in market cap and weighing in on peers such as Walmart.
(Excerpt) Read more at zerohedge.com ...
Let their pederast CEO stay in denial. It will be the end of Target. I'm sure Walmart doesn't mind....: )
HaHa! Idiots.
My wife and I shopped at Target regularly including all of our pharmacy business. When they brazenly announced their policy of allowing sick men into the girls’ restrooms — in the name of “diversity” — we stopped going to Target. We haven’t been back. There are millions of us out here. You chose poorly, Target.
Especially when said stance is for allowing grown men into the restroom with little girls.
Target's board and stockholders should be screaming for Cornell's head on a platter for this.
If you are “retail” and dabble in “politics”...you will lose every time. Such business must stay away from politics and religeon...both are financial Dead Ends. I’m amazed so-called “business professionals” are falling into this trap. The “lessons learned” for this have been taught for decades, to relearn it today is a negative billion dollar education. Bottom line...sell things and keep your views to yourself...or fail. Target, Starbucks...perfect examples...look at the numbers.
Has lost nearly $45 BILLION in market cap since April 20th, 2016
I should make it a habit to short these foolish businesses when they announce such stupid left-wing policies.
How’s that bathroom policy working out?!!!! /snide sarcasm
Indeed. Maybe a new line of Muslim Transgendered baby clothes would help?
How’s target’s shove it down your throat working out! Same for nbsee, who appointed matt laugher god over anybody.,. “i just want you to know what lot of people think”. No MSM reporters or commentators anymore, they are propagandist. Paralipsis, don’t fall for it.
Amazon - not Walmart - is eating their lunch, same mid-point brand shizz (think coffeemakers) with Amazon -$10 and shipping it to your door for free.
And with Walmart announcing that $6.8B expansion in January, Targay has a hard road coming.
Recognizing head shots from the sex offenders registry roaming the store could be part of the problem?
Well said.
It’s hard to break habits. My wife and I used to shop at target. I liked their home decor stuff, but I found hobby lobby is much better. I thank Target for pushing me out of their store. It’s a big world.
I hope target dies a slow, agonizing death. My family will never darken their doors. Ever.
I like how the CEO blames “changing consumer behavior” for the decline in store sales. I tend to agree with him. Nobody wants to go into a retail store that allows perverts in the restrooms and dressing rooms with little girls. I would say that’s definitely a reason for the “change in consumer behavior”. Of course, they will never admit that. Cuz “diversity”
These people are stupid
They lost at least $2400. a year from our family...unfriendly to CCW holders, the Salvation Army, and can’t tell the difference between boys & girls.
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