Quote:
Originally Posted by ChiliConCarnage
Target just did 4Q earnings a day or so ago.. no bueno for 4Q sales or forward guidance. Online sales were up but it's such a tiny part of their business
I did a check and WMT is flat for the last 3 months vs TGT down 25%. Wal-Mart has a larger online presence already. I'm not an investor in either but I know WMT bought Amazon sorta competitor Jet.com. I've also seen their recent commercials offering free 2-day shipping on orders over $35(?) bucks to try and match Amazon.
I've heard nothing about anything Target is doing other than dying a slow death. They may have some grand plan or something I don't follow them closely.
I just looked at ANF and it's up 13+% today. I see their earnings report came out today.. it must have been favorable.
|
It wasn't long ago that TGT was viewed as a darling that was successfully incorporating predictive analytics and appealing to upscale soccer moms. I can't figure out why that has suddenly changed.
I'm not on my own network today so as a policy I don't get into any of my financial accounts. That's excellent news about ANF. If it does that a couple more days in a row, I might be profitable on it.