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Target Plunges 12% After Missing Lowest EPS Estimate, Slashing Outlook
Zerohedge ^ | 2/28/17 | Tyler Durden

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 ...


TOPICS: Business/Economy; Culture/Society; Miscellaneous; News/Current Events
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To: smartyaz

Target, you are off Target because my wife and daughters do not want to see a deranged male in a dress in the bathroom...


21 posted on 02/28/2017 4:34:51 AM PST by Deplorable American1776 (Proud to be a DeplorableAmerican with a Deplorable Family...even the dog is DEPLORABLE :-))
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To: StAnDeliver

Anyone else get that Target e-offer of a free $50 gift certificate?
I replied they can keep it as long as they have bi-sexual BRs.
Yeah, I can get gun accessories they don’t offer from Amazon shipped free in two days, where Cheaper Than Dirt would take over a week and charge.


22 posted on 02/28/2017 4:35:53 AM PST by tumblindice (America's founding fathers, all armed conservatives)
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To: smartyaz

Here’s another reason to boycott Target:

http://www.bushcenter.org/exhibits-and-events/exhibits/2017/portraits-of-courage-exhibit.html

Thank you to the following sponsors for their generous support.

... Target
...


23 posted on 02/28/2017 4:37:09 AM PST by maggief
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To: Maskot
Speaking of corporatism so 2008, here's the recent good news from JCPengay...

JCPenney shuttering up to 140 stores as sales weaken, more sluggish growth seen ahead --CNBC, 2/24/17

24 posted on 02/28/2017 4:40:38 AM PST by StAnDeliver (Prosecute the win. Run up the score.)
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To: PA-RIVER
I thank Target for pushing me out of their store. It’s a big world.

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 bad enough to institute such a perverse restroom policy, but to broadcast it with such fanfare. Such people truly live in a intellectual bubble.

25 posted on 02/28/2017 4:41:06 AM PST by Blennos ( As)
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To: tumblindice

Got the $5 for $10 Target Groupon offer last week...I hit [delete]...


26 posted on 02/28/2017 4:41:51 AM PST by StAnDeliver (Prosecute the win. Run up the score.)
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To: smartyaz

Just imagine if the TSA were treated with the same disrespect Target gets on this thread (which is representative of many people nationwide, who are causing Target to shrivel up).

Don’t like the policy? Don’t feed the beast. It will change or perish.


27 posted on 02/28/2017 4:44:56 AM PST by Buttons12
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To: Abbeville Conservative

Clever! And true..


28 posted on 02/28/2017 4:51:50 AM PST by smartyaz
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To: smartyaz

Dumbass woman who started the disgusting bathroom policy is still there I believe......because she’s Black??


29 posted on 02/28/2017 4:55:36 AM PST by Ann Archy (Abortion....... The HUMAN Sacrifice to the god of Convenience.)
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To: smartyaz

I haven’t set foot in a Target since their bathroom policy. Same as I haven’t set foot in J.C.Penny and cut up my credit card, since they started pushing their homosexual agenda. I hear a bunch of them are closing.

I don’t know why these people can’t just shut up and sell their merchandise.


30 posted on 02/28/2017 5:02:01 AM PST by MagnoliaB (You can't always get what you want but if you try sometime you might find, you get what you need.)
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To: smartyaz

Well, in the spirit of diversity, many of their customers decided to diversify their shopping options. Business owners should always consider potential side effects of both new policies and insulting current customers.


31 posted on 02/28/2017 5:09:42 AM PST by Sgt_Schultze (If a border fence isn't effective, why is there a border fence around the White House?)
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To: StAnDeliver

Target CEO Brian Cornell: The Boycott Isn’t Hurting Us
May 18, 2016 Business, Civil Rights, Hate Groups

Fortune reports:

Target reported a disappointing set of first-quarter results on Wednesday and warned investors to expect a slight drop in business in the current quarter. The discount retailer pointed to many factors pinching sales, damp and cool weather in parts of the company and skittish consumers, among them.

But one thing not hitting sales is the purported boycott of Target by many customers offended by the company’s announcement last month that it would allow transgender customers and employees to use the bathroom in its stores that aligns with their identity. That came soon after a controversial law in North Carolina was passed about the use of bathrooms.


32 posted on 02/28/2017 5:09:51 AM PST by smartyaz
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To: smartyaz

CNBC also had a long piece on Target’s woes, but not even a peep about the possibility that allowing perverts into womens’ bathrooms had anything to do with their drop in sales.


33 posted on 02/28/2017 5:42:35 AM PST by Oldhunk
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To: smileyface

I was thinking the same thing.

There should be an index fund that tracks these “political nitwit” businesses.


34 posted on 02/28/2017 5:47:30 AM PST by moovova
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To: moovova

Hahaha.


35 posted on 02/28/2017 5:51:43 AM PST by hal ogen (First Amendment or Reeducation camp?)
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To: maggief

“Here’s another reason to boycott Target:”

I have to ask...

While the Bush family in general has developed a foul smell, GWB’s project sounds pretty worthwhile. He’s doing portraits of US veterans.

Is that not a good thing too support?


36 posted on 02/28/2017 5:54:54 AM PST by moovova
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To: Blennos

Ditto.


37 posted on 02/28/2017 5:59:59 AM PST by petercooper (Why don't polls ever add up to 100%?)
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To: smartyaz

Ha, ha, ha....Ho, ho, ho.... Looks like we’re right on Target.


38 posted on 02/28/2017 6:04:42 AM PST by faucetman (Just the facts, ma'am, Just the facts)
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To: smartyaz

Ha, ha, ha....Ho, ho, ho.... Looks like we’re right on Target.


39 posted on 02/28/2017 6:04:42 AM PST by faucetman (Just the facts, ma'am, Just the facts)
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To: smartyaz

They also had a really lousy selection of Christmas and holiday decor this year. Nothing interesting worth buying. Probably worked great with the Millenials IKEA but if they aren’t into Christmas, Target’s loss.


40 posted on 02/28/2017 6:27:12 AM PST by MHT (,`)
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