Target reveals it has the same problem as Wal-Mart
Consumers are once again feeling cautious in the face of ongoing household budget pressures.
Mediocrity is rewarded.
And dependency is to be revered.
This is present day America.
When people rob banks they go to prison.
when banks rob people they get bailed out!!!!!
When the government robs the taxpayer they get re-elected.
IN GOD WE TRUST
Most Americans no longer have anything left to spend. Oil companies are the worst but Americans have been duped in the name of record profits and bail outs. When we have nothing left to spend because of stagnant and lower wages there will be no more record profits for anyone. We reap what we sow corporate America
TARGET IS A LOT BETTER THAN ANY WALL MART STORE WILL EVER BE!!!!!!!!!!!!!
"The economy is not recovering like the Media & Washington say. If Target & Wal-Mart are suffering which cater to low to middle class people that is your indicator that things are not as rosy as they say."
You're right of course, but the round-heeled media HAVE to go along with the party line. God, the $hit the media spews out now, is even worse, and more dishonest than it was in the 60s, 70s, and 80s.
There's also another axiom, I think from P. T. Barnum, "There's a sucker born every minute." But you know how it is, people would rather believe fairy tales than face up to the truth. But considering that most of the last generation has been taught to believe in fairy tales [the government is your friend, we need taxes, the people in power know what they're doing, etc.] you really can't blame EVERYBODY. But I'll say this, WHEN things start crashing down, not civilization, but the whole corrupt system in this country and others, A LOT of people are in for a HUGE shock.
It's been almost five years now and half of you folks (or at least 47%) still believe in a slogan; "hope and change".......Do you get it now? The man is a charlatan, a community organizer who has no clue how to govern. The GDP has risen an average of approximately 1% over the last nine months and real unemployment (the U6 rate) is almost 15% and you blind sheep keep sucking down the elixir that the snake oil salesman sold you. Worse yet, you bellied up to the bar again for the same elixir rebranded with a different name, "forward"; seriously?
Have you people never heard of the old axiom, "fool me once, shame on me.......?
There is only one cure, one, repeal the fed reserve act and put us back on the gold standard and at least we will know what we are worth.
Main Street has always known this. But you say housing is skyrocketing! Yeah? Maybe for rental investors, not homeowners.
Don't forget that a lot of people are going to start working less hours, 28, 29.5 hours per week. They don't have the money to buy things they want, just necessities.
Discount retail would love to blame its "dismal" performance (assuming you can call a profit of $611 Million dismal) on a lack of consumer confidence, when an it is just as likely that the analysts overestimated future performance to bolster the stock price.
p.s. Would love to see this data reported side by side with big oil profits over the same period. And unless I'm mistaken, housing sales (i.e. money invested in family homes) is up....substantially.
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The solid report comes a month after the retailer closed all of its Canadian operations.
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