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 ...
“I am baffled at the mind-set of a CEO who would go out of his way to offend at least 1/2 of his customers — probably more.”
It’s not like it is any skin off his nose. He is set to make millions in salary with a golden parachute at the end whether the store shows a profit or goes belly up.
My guess is he did it solely on his own convictions... and for the eternal gratitude of thousands of gay men lined up to show their appreciation.
Next they are going to blame Trump for their decline.
Target = next K-Mart
Gee! I guess the hoards of homosexuals and trannies aren’t materializing!!
They need to promote that in their gay advertising.
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