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.

[max americana]

“I heard WalMart has product just walking out the door. No cashier required.
Besides no one goes to Target anymore, it’s too crowded.”

No. Target wanted to be Walmart but upscale. Didn’t work. I’m from canada and 2 years ago I went back home to Vancouver at Christmas time and the shelves were ridiculous. i came back, they closed ops in Canada 2 months later. walmart know what they’re doing.

[Jane Long]

I have not stepped foot into a Target since their absurd tranny bathroom decision. I used to be a weekly shopper.

[Jumper]

Have not shopped there, moved my pharmacy services, and just plain cut them out of my shopping.

[fwdude]

A little something missing in the reporting

Yes, deliberately.

[xzins]

Target subject of boycott by millions.

School shopping at Target down by hundreds of millions of dollars.

Christmas shopping will be off by a billion.

[Windflier]

Unexpected!

[Arm_Bears]

How’s WalMart doing?

[Buckeye McFrog]

But Libs don’t continue to support these places with their cash.

You can't sell to people who hate capitalism. It's my theory on why Air America crashed and burned.

[CarmichaelPatriot]

Target stock is down over 15% since May.

[GBA]

When I moved here a decade plus years ago, having a Target store fairly close was a major plus. I liked Target and was a regular Target shopper back then.

When Target closed that store to open a brand new, but not as convenient, Super Target, I was disappointed by the drive but quickly adjusted to the new shopping map.

Target couldn't buy that sort of loyalty from me. They had to earn my business from lots of local competition in every place I've lived.

To watch them now run people like me off their property, just like they did with the Salvation Army bell ringers years ago, has finally convinced me of my error.

I concede that they have indeed won their cultural war and I won't trouble them with my business any more.

[DCBryan1]

If you had just 5% of customers walking away ever since Target decided to go full retard for transgenders, there is lies a big factor. I personally think it is higher than that.

AR had a tax free holiday recently (for back to school gear). Wife was going to Target. I told her to use Amazon and not give any money to Target. Amazon Prime had it to us in two days, no taxes and everything we needed.

[pgkdan]

Yeah...I’ve got an alternate explanation. I only know that I’ll never set foot in a Target store again and it ain’t because they screwed up their grocery sales!

[DCBryan1]

How’s WalMart doing?

The books are much better than Target (TGT)

WMT is $72.5 today. 2.79% Div/yield isn't too bad either.

[Antoninus]

Translation: “Maybe it wasn’t the best marketing strategy to cater to 0.0001% of the population and piss off the other 99.9999%.”

[Ann Archy]

GAY......GAY......gay everything......PERVERT.....pervert....PERVERT IN EVERY BATHROOM!!!

[MIchaelTArchangel]

People frequent the same stores until something happens to make them stop doing so. The two biggest reasons a person finds a new store are (1) they follow the herd to a new super store such as a Wal*Mart or (2) the old store does something to cause that person to look for a new place to shop (and that person discovers the deals at the new store at as good as the ones at the old store.) Target has done the latter.

After Target came up with its rather queer bathroom policy of using whichever bathroom you feel like using, I noticed that the local Target parking lot went from mostly full to mostly empty.

[Lazamataz]

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.

Yes! That's what it is! Shoppers who are cautious about spending! Stumbles in the Grocery space! Challenges from Amazon.com!

NOTHING to do with trannys in the bathrooms! NOTHING! NONONONONO!!!

[AmericanMermaid]

And Target doesn’t sell anything you can’t find elsewhere. So DH and I don’t miss them.

[DCBryan1]

CNBC aricle: Target's traffic problems won't be an easy fix

Target just can't seem to zero in on the right balance between cheap and chic. YEAH....THAT'S THE TICKET!

After skewing its messaging and product mix too heavily toward the "pay less" portion of its "expect more, pay less" promise following the recession, the pendulum has now swung the other way.

Having successfully revitalized sales in its "signature" categories of style, baby, kids and wellness, the discount retailer is now struggling to bring shoppers into its stores for two major categories that drive repeat traffic: Grocery and pharmacy.

Footfall in Target's stores declined 2.2 percent during the second quarter, marking the first time in a year and a half that fewer shoppers visited the retailer's shops.

One of the biggest detractors during the three-month period was what the company admitted was an overemphasis on marketing its fashion assortment. "

Yeah, that's the ticket!

LOL...NOT ONE (1) MENTION OF "GAY" "LGBTQ" "TRANSEXUAL" "BATHROOM" OR "BOYCOTT" IN EITHER ARTICLE! LOL!

[Penelope Dreadful]

I didn’t sign the petition, but I don’t shop there anymore. If I want to go tinkle around a bunch of perverts and freaks, I can just go to a Hillary rally!