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Subject: Target Sales into Rough Waters

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Ed Gooding (VA)    Posted 02-14-2017 at 10:22:35 [URL] [DELETE]        [Reply] [Email]  
  • Target Sales into Rough Waters
  • February 13, 2017

    The NFL doesn't have to look far to see where this kind of political pigheadedness leads. For the last 10 months, the Target company has taken a beating on Wall Street for racing to embrace the transgender movement. The backlash for opening their fitting rooms and restrooms to anyone has been so severe that executives are scrambling to stop the bleeding. After 1.5 million Americans joined the Target boycott first launched by American Family Association, the company has been racing to make up the deficits -- not just in their bank account, but in the public trust.

    After Christmas (and a slew of missed projections), executives went back to the drawing board. Two months into the New Year, nothing is working. In fact, the situation is so dire for the retailer that they've had to call off a major expansion in sales. "Target announced the end of two projects as the stock price hit $64.77 at market close on February 8. That's down from $83 when the boycott began once the company made its transgender policy change on April 19. The stock price drop has slashed roughly $10 billion from the company's value on Wall Street." The closure was so unexpected, Breitbart explains, that it "even caught the project's manager by surprise." Although the company tried to pass it off as a "normal ebb and flow of business," the reality is that they have nothing but their controversial bathroom policy to blame.

    And financial experts agree. At Cabot Wealth Network, Crista Huff couldn't believe the company didn't know better than to pander to a tiny vocal minority. "I immediately knew that Target's revenue would drop because its customer base would become disenfranchised. How did Target's management team not know this?" What's more, this excuse that all of the retailers going through tough times is exactly that -- an excuse. Stock analysts point out that "Target's same-store sales fell 1.1 percent in the second quarter, while Wal-Mart's comps rose 1.6 percent... If you take 1.5 million people's consumer dollars away from Target, and direct most of those dollars toward their obvious rival, Wal-Mart, then yes, Wal-Mart is going to have an upside surprise in quarterly sales while Target's numbers disappoint." The takeaway? Well, Huff says, "My recommendation is that shareholders sell [Target] stock and reinvest their capital into the stock of a company with strong earnings growth" and, we would add, stronger values!

    Jim Rushford (CA)    Posted 02-14-2017 at 20:01:03 [URL] [DELETE]        [Reply] [Email]  
  • Re: Target Sales into Rough Waters
  • We quit going to Target when their stores became "gun free zones."

    Bruce(OR)    Posted 02-14-2017 at 22:08:03 [URL] [DELETE]        [Reply] [No Email]  
  • Re: Target Sales into Rough Waters
  • Target was never a real habit. I was however in a Target store when one of their sales managers had the oppositions coupon book in his hand and was directing his people to adjust the prices to match. I knew where to go after that. Gun free wasn't an issue. I have a noise maker that fits in the pocket with no problem. Fruit loop bathrooms was just the reason I needed to seal the deal. Don't need to go where the weird people of Portland frequent. Yes. In Portland you can get a bumper sticker, "Keep Portland Weird!".
    I still like the code word the White House has for Portland, "Little Beirut."

    Dean    Posted 02-14-2017 at 21:34:44 [URL] [DELETE]        [Reply] [No Email]  
  • Re: Target Sales into Rough Waters
  • I don't believe I've ever been in a Target.

    I almost wish that I had been a loyal Target shopper so that I could now stop going.


    steveVa    Posted 02-15-2017 at 02:08:29 [URL] [DELETE]        [Reply] [No Email]  
  • Re: Target Sales into Rough Waters
  • Lmao,
    Me too.
    Why in the world would a retail business get into politics???

    Constitutional Patriot    Posted 02-20-2017 at 12:55:22 [URL] [DELETE]        [Reply] [Email]  
  • Re: Target Sales into Rough Waters
  • Why don't you ask Hobby Lobby about that "get into politics" bull feces you're trying to pass off as intelligent discourse? Or, is it that you believe that our constitution is only for people EXACTLY like you?

    Dean    Posted 02-14-2017 at 11:40:28 [URL] [DELETE]        [Reply] [No Email]  
  • Re: Target Sales into Rough Waters
  • Mismanagement at it's worst.

    It remains to be seen if top management will be replaced or rewarded.

    I'm betting on the latter.


    NTP    Posted 02-15-2017 at 07:35:58 [URL] [DELETE]        [Reply] [Email]  
  • Re: Target Sales into Rough Waters
  • I stopped shopping Target about 5 years ago when they refused to let the Salvation Army put their red kettles with the bell ringer at their stores. I don't even bother looking at their ads in the Sunday paper.

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