Target cuts outlook, says market 'difficult'

MIlwaukee ^ | 8/17/2016 | ANNE D'INNOCENZIO

[UB355]

Minneapolis — Target cut its profit and comparable-store sales outlook amid stiffer competition and its own stumbles in areas like grocery sales. The discounter’s second-quarter net income fell nearly 10%, though that was better than what most had expected. Sales at stores open at least a year fell 1.1%, reversing seven straight quarters of gains. Target shares were down more than 6% in mid-morning trading Wednesday. The quarter underscores challenges that Target and other retailers face from Amazon.com and shoppers who remain cautious about spending.

[Elsie]

I guess gays in the restrooms MIGHT have a slight effect: or not...

[Elsie]

Libs applauded when Macy’s dumped Trump.

Macy's just announced it's closing 100 stores by early next year,

[Elsie]

Besides no one goes to Target anymore, it’s too crowded.”

https://youtu.be/acI12jO0HSQ

[rwa265]

A herd of elephants.