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.

[Red in Blue PA]

I stopped shopping there to and used to go frequently,as it was convenient. Turns out they don’t need my dollars.

[uncitizen]

Hey Target, you’re prices are too high and you let perverts go into the bathroom with little girls and boys. THAT is why your sales outlook sucks.

[TBall]

I know I have not shopped at target since their transgender decision. But then again I don’t think I have ever shopped at Target.

[kaila]

I stopped shopping at Target before the whole transgender issue. I was once a loyal Target shopper. I loved going to Target, and looking at all the home decor items, the clothes, the electronics. If I wanted a blender, there would be many options to choose from. Then, Target put in their grocery store. The groceries take about 1/3 of the floor space. Everything about Target that I liked was taken away. Limited selection of every item. The home decor and the clothes quality decreased. The grocery store did not have fresh vegetables and meat. I would have to walk all the way to the back of the store to grocery shop, and still have to shop at another grocery store. I then discovered Amazon Prime. Target lost me as a customer long before the Transgender issue, and I will never go back. I love Amazon Prime. UPS knows me very well. The whole management team at Target should be fired, but it is too late for them. Once different shopping patterns are made, they are hard to break.

[Neoliberalnot]

Been boycotting target since they started their queer promotional. Let the queers have them. Walmart now has an online service with many items priced to beat amazons’s.

[Adder]

Not enough homos and tg’s to support your business model?

Whooda thunk?

Own it, beotches!

[Salvation]

The only time I stepped into a Target was when I went with my daughter and we bought a dutch oven.

I have never privately gone to their store since the disallowed the Salvation Army from ringing their bells there at Christmas time.

Target is a losing enterprise in my opinion.

[Sir Napsalot]

>>> I noticed that the local Target parking lot went from mostly full to mostly empty.

I keep hoping to see that whenever I drive by our local one. But alas, no luck.

Here in queer part of northern Delaware home of the Biden territory, the store is just as packed. ====> Could be because of no sales tax, PA people just drive over the state line.......

[Salvation]

But Amazon supports abortion just like Target does.

[wbill]

I used to be a weekly shopper.

Ditto.

Not planning on going back, either, as I found that WM's prices are better.

Back in the day, when WBill Jr was in diapers and formula, and I could quote the retail price of diapers, formula, and most other staples down to the 10th of a penny at all my local retailers .... Target was cheaper, and in some cases, much much cheaper. 'Tis why I shopped there for so long.

That's flipped. Makes me wonder if WM smells blood in the water and is looking to undercut them.

[reaganaut]

The Walmart model is full grocery store, the Target model was never that, it was convience store - go for something else and pick up ‘bread, milk, eggs, TV dinner’ while you are there to avoid a trip to a reg store. I suppose it would work for a few people but not overall in this economy where people have less disposable income for the goods target sells.

[reaganaut]

We spend 6 months in a small town in SD and have an infant. Our closet real grocery story and Walmart are almost an hour away. Amazon Prime is a godsend. I can order and have it in two days, free shipping, no taxes and no driving.

[reaganaut]

Even in our winter town of Palm Springs (two of the 3 highest gay pop zip codes in the country - first and third) the local Target (in Cat City also high gay) parking lot went from crowded to over half empty. You would think that would be the store most likely to gain business but it didn’t.

[NetAddicted]

I want that bag!

[NetAddicted]

Why did they?

[stinkerpot65]

The “disgusting perverts” market is a narrow one.

[reaganaut]

I occasionally shopped Target in the winter (none near us in the summer) because they had different stuff than WalMart, and then the Tranny bit hit and I was gone.

[aquila48]

I love the smell of schadenfreude in the morning.

[NetAddicted]

Maybe 10%, since that’s how much their profits fell.

[Windflier]

Target stock is down over 15% since May.

I'm proud to say that my family helped them reach that low.