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Whenever Any Form of Government Becomes Destructive To These Ends,
It Is The Right of the People to Alter Or To Abolish It,
And To Institute New Government

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Wednesday, September 28, 2016

Target: DOWN DOWN DOWN


From the Federalist:
Several months ago, Target stores made an odd gamble. They risked alienating their primary customer base—moms with young kids—to win the praise of the transgender lobby. They announced their ill-conceived new bathroom policy on April 19, then recently announced their sales numbers for the first quarter since that policy. 
How did it pay off? 
USA Today reported that Big Red’s second-quarter earnings fell 9.7 percent and it “lowered its sales estimate for the rest of the year.” Reuters explained that net sales plummeted 7.2 percent compared to last year. 
New stores open for less than a year saw their sales decline by 1.1 percent, not a good trajectory for building an essential early customer base off the local buzz of a shiny new store in the neighborhood. 
The Wall Street Journal reported this is the first time Target sales have fallen at their more established stores in two years, and to expect further declines. 
CEO Brian Cornell told the Journal, “Our number one challenge was traffic, which affected sales in all of our merchandise categories.” 
Traffic—as in regular customers choosing to stay away from the store for some reason. 
Target officials blamed their earnings drop on “a difficult retail environment,” but it was not so difficult for others. As Target was reporting flagging sales, CNBC reported that “the world’s largest retailer got even bigger during the second quarter.” 
Big Blue enjoyed its largest sales gains across same-store comparisons in four years, an increase of 1.6 percent for Walmart’s American stores.
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posted by Pastorius at permanent link#

3 Comments:

Anonymous Anonymous said...

I don't shop at Target anymore and there is one conveniently located a few miles from my home.

I want to be able to pee without having a bearded woman standing up taking a whiz in the next stall.

Wednesday, September 28, 2016 4:21:00 am  
Blogger christian soldier said...

target -1/2 mile away- Wal Mart -5 miles- guess my car will be putting on miles-
C-CS

Wednesday, September 28, 2016 2:59:00 pm  
Blogger Pastorius said...

Pretty much the same with me. Target less than a mile. Wal-Mart four miles.

Fuck Target.

I haven't been shopping there since this started. Used to do ALL MY SHOPPING there.

Wednesday, September 28, 2016 3:23:00 pm  

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