Whaaa?
Posted on 03/03/2015 1:49:42 PM PST by Red Badger
Target's chief executive, Brian Cornell, said Tuesday the retailer will cut several thousand jobs within the next two years as part of a $2 billion cost savings plan.
The company also announced 2015 guidance of $4.45 to $4.65 adjusted earnings per share. Wall Street expected Target's guidance at $4.50 adjusted earnings per share.
Target also expects digital sales to increase 40 percent and same-store sales between 1.5 percent and 2.5 percent, with modest improvement in gross margins and expense rates. It also expects sales to grow between 2 and 3 percent during the year.
The company's stock closed at $78.02, or 0.44 percent up.
Regarding 2016, Target expects earnings per share to grow at a 10 percent yearly rate and a 5 to 10 percent dividend growth rate.
Just because you’re growing is no reason not to control costs.
They lost about $7 billion over two years when they came to Canada. They weren’t counting on other Canadian retailers being as competitive as they were.
Basically, all major retailers allowed their locations that were near Target stores to lose money to ensure no Target store could make money.
That's why it was in the form of a question. I haven't tracked their earnings, so I didn't know if revenue had dropped, but I know a lot of companies are cutting costs, often due to Obamacare issues, and I wondered if there had been any sort of backlash in the case of Target due to their pro-gay stance. I know that my wife and I regularly shopped there until a few months ago, spending a few thousand dollars annually, when I learned of their amicus brief supporting gay marriage, and that was it for me. I don't presume to be the leader of the pack, but I also don't presume to be the only one. So if they're still doing fine, okay, but they're no longer doing it with my money.
What US retail establishments currently meet the non-gay standard?
The last time (well, almost the last time) I was in Target, I was near their electronics department and they were running a promo for Hunchback Mountain.
I heard them call it “A LOVE STORY”. I did all I could to hold my lunch in, and then left. I later tried to find a way to contact them, tried hard, but could not. Pretty much go to Walmart first, every time now.
Nice to see a happy ending though.
Ours is packed most days and one rarely hears an english world spoke
That’s like our Wal-Mart on Friday nights.
I call it ‘Little Mexico’...............
Actually business is booming and the stock is at an all time high.
Determined to pick a fight, are we?
I realize that the corporate trend is to be supportive of gay marriage and homosexuality more generally. I get that, and I also get that I can’t expect many companies to not climb onto that bandwagon or to be able to spend my dollars exclusively on companies that don’t. But I do, and will, make a distinction between those that go with the flow and those that grab the wheel and accelerate.
But if, by some chance, you actually want an answer to your question, I’d say that Chick-fil-A and Hobby Lobby would be a couple of examples.
Yep...haven’t been to JCP or Target since they announced their idiotic liberal policies.
Morningstar thinks it's overvalued at 78 and pegs its fair value at 65. They recommend to consider buying if it drops to 45.50.
I’ll take your word for it, but you’ll understand if words like “layoffs” and “restructuring” prompt me to wonder if things might not be as rosy as they could be (or have been projected), or if they have reason to see those trends not continuing.
Whaaa?
Bush’s Fault!
I stopped shopping there cold turkey when they sided with Moms Demand Action.
F em.
Too funny; people have told me Target is for white people and Wal-Mart for the others.
I’m always amazed at how many registers Target has, and how few of them are open at any given time. It seems they designed the store for the week before Christmas...
leaking customer data willy nilly doesn’t help either.
I’ve been telling people for years that increasing stock prices means more American workers are being dumped by companies; this illustrates it perfectly (Target’s stock rose). The enemedia would have you believe a rising stock market indicates a healthy economy in general; it is the opposite. Rising stock prices today indicate an improvement in the standard of living for Asia’s middle class, not ours...
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