SaysWho? Posted August 23 Share Posted August 23 A tale of two retailers: Target reverses sales slump while Macy's reports another quarterly decline APNEWS.COM Grocery aisle deals for cash-strapped customers and an emphasis on affordable but stylish clothes has helped Target reverse a year-long sales slump. Quote Target's profits and sales beat Wall Street expectations. Sales rose 3% to $25.45 billion in the latest quarter, slightly better than expected. But even though the number of transactions increased, the average amount spent by customers fell during the quarter, underscoring how Americans remain focused on deals, company executives said. Quote To boost sales, Target said this spring that it would cut prices on thousands of necessities ranging from diapers to milk. The retailer also is rolling out programs to make shopping easier as it competes with fellow discounters Walmart and Amazon. Target announced a paid membership program in April called Target Circle 360, which comes with unlimited free same-day delivery for orders over $35 and free two-day shipping for all orders. Such moves appear to be paying off. Target earned $1.19 billion, or $2.57 per share during the quarter, edging out Wall Street expectations by a penny, according to a survey of industry analysts by FactSet. That compared with $835 million, or $1.80 per share, during the year-ago period. 1 Quote Link to comment Share on other sites More sharing options...
Uaarkson Posted August 23 Share Posted August 23 Quote Link to comment Share on other sites More sharing options...
Uaarkson Posted August 23 Share Posted August 23 Damn it’s almost like price-gouging is not a sustainable long-term growth strategy, especially when everyone is doing it 1 1 Quote Link to comment Share on other sites More sharing options...
Firewithin Posted August 23 Share Posted August 23 Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted August 23 Share Posted August 23 COMMUNISM Quote Link to comment Share on other sites More sharing options...
Bacon Posted August 23 Share Posted August 23 People buy more things when things cost less? 2 Quote Link to comment Share on other sites More sharing options...
Air_Delivery Posted August 24 Share Posted August 24 I can't speak for all Targets but 95% of the shopping carts at the one closest to me are fucked. They rattle and shimmy worse than any other store I've been to. Its to the point where its a point of consideration on deciding to go there. Quote Link to comment Share on other sites More sharing options...
Uaarkson Posted August 24 Share Posted August 24 Just now, Air_Delivery said: I can't speak for all Targets but 95% of the shopping carts at the one closest to me are fucked. They rattle and shimmy worse than any other store I've been to. Its to the point where its a point of consideration on deciding to go there. Not to mention, you can cut yourself on the plastic seam-lines on those carts. They’re basically giant razors on wheels. Quote Link to comment Share on other sites More sharing options...
S3xB0t Posted August 24 Share Posted August 24 35 minutes ago, Air_Delivery said: I can't speak for all Targets but 95% of the shopping carts at the one closest to me are fucked. They rattle and shimmy worse than any other store I've been to. Its to the point where its a point of consideration on deciding to go there. I’m sorry but you have a garbage Target. 1 Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted August 24 Share Posted August 24 I saw a similar story about Subway cutting their prices as well. Is Target owned by the same private equity as Subway? 🤔 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.