now that they've gone full faggot, wait till the next quarter results come out...
Posted on 08/05/2014 5:58:49 PM PDT by Red in Blue PA
Analysts are skeptical that the costs of a massive data breach are the main reason for a profit warning from retailer Target on Tuesday.
The company said it expects to record $148 million of gross losses from the breach, in which hackers gained access to thousands of customer credit- and debit-cards. The losses will be partially offset by a $38 million insurance payment.
“That’s like saying the reason your household is in financial stress is because you got a parking ticket last year,” said Steve Beck, founder of cg42, a management consulting firm that specializes in brand vulnerability.
Target TGT +0.18% chalked up total sales of $72 billion in 2013, which means the cost of the data breach is about 0.2% of sales — and 25% of that is covered by insurance.
Experts said the bigger fallout from the breach is the way it has distracted management from doing what the company does best — selling goods.
(Excerpt) Read more at blogs.marketwatch.com ...
And I am not the only one who stopped shopping there because of their position on guns.
The cost of the breach didn’t cause it but the people who won’t shop there any more are.
That piece of news came out after the quarter already ended, so could not have affected this past Q’s earnings.
That will surely affect next Q’s earnings however. Glad I am not a TGT shareholder.
Now that they have decided to pander to the homosexuals, it is no longer a place I would want to take my family to shop. Target won’t be seeing my money anymore.
Target is now dead to me. Their management dabbled in politics instead of business.
May the K-Mart pox be upon them.
Yep, this TARGET company has built a reputation about not being in favor or normal traditional families. This HAS to have caused them a stumble.
Me too. I used to shop there a lot because of convenience. Not a dime from me anymore.
Keep in mind that the breach happened LAST YEAR. We are 8 months into this year. Something else is going on.
After they kicked out the Salvation Army at Christmas years ago I quit going in there.
They’re also taking a serious hit from their expansion into Canada, which is failing in a huge way. Their pricing can’t compete with Walmart and their product selection isn’t even in the same league as Loblaws and Canadian Tire.
Bad economy and alienating more prospective customers.
Their handling of the breach was pathetic though.
I work at one of the Target stores in Canada and a lot of the difficulty simply has to do with that Target thought that it could simply transfer its stores into Canada and continue doing business.
It didn’t take into account that Canada is a different country, with a different culture. It will overcome this sticky point in due time.
Wal-mart went through the same sort of adjustment when it first came to Canada. It thought it would bowl through all the big retailers here, but it found that was like hitting a wall.
now that they've gone full faggot, wait till the next quarter results come out...
The irony is that most gays who are into the latest fashion trends look down on stores like target.
Only an idiot management would hitch their wagon to that star.
Yep, Walmart took a while to figure it out. One surprise was their discovery that Canadian suppliers were no pushovers; a lifetime of selling through CTC and Loblaws made them hard targets.
Prohibition? Or request?
There are a lot of people here who don't honor prohibitions, let alone requests.
Have a Target very nearby. We go out of our way to shop at other stores now. Don’t buy anything at the Target.
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