There is no spiraling failure, simply a very tight budget.
We are litteraly having meetings talking about all the cancelled projects etc. due to stock/profit loss.
Sales are up on low profit categories. The things that actually bring Target money like home decor are way down.
Again, DCs always cut at the beggining of the year. The pressure continuing now is what is abnormal. You all know this not sure why I am trying to explain. I am pushing a narrative, stating the facts. Our high margin sales are way down, only low margin sales are strong. Discretional spending is even lower due to the "boycott" that is going on, and there is pressure on the stock due to investor fear.
Target will rebound from this zero problem, but the FACTS are that it is influencing the budget.