Archived Fortune: Big-Box Rebound: How Target Packaged a Turnaround

[Megaparsec]

How Target Managed a Big-Box Turnaround

Two and a half years after its big bet spooked shareholders, Target is posting ticker-tape-parade-worthy results. Here's how.

fortune.com

 

[Megaparsec]

Whelp, messed up that headline... but, packaged WOULD be a much better verb!

 

[Planosss]

Yay! 🙄

 

[commiecorvus]

Whelp, messed up that headline... but, packaged WOULD be a much better verb!

Fixed it for you.

 

[Mikuhl]

More technology, people like a futuristic store, elo displays, service hubs, lcd refrigerator doors, electronic ink labels.

 

[Tessa120]

Spend 7 billion in 3 years??

Put that way, modernization looks a lot less idiocy. This isn't a way of boosting earnings to boost stock prices for stockholders that think short term. Cornell has to have good profits on paper long enough for people to think the gamble paid off over the long haul and he is positioned far better when the whole thing blows up. If he lost millions, he could still get a job elsewhere. Lose 7 billion, he'd never be able to get a similar position in a large corporation.

 

[Black Sheep 214]

Lose 7 billion, he'd never be able to get a similar position in a large corporation.

True, but at his age, he can take the money and run into early retirement...

 

[Tessa120]

Unless that big of a loss triggers some sort of clause in his employment contract.

 

[Times Up]

Cornell has to have good profits on paper long enough for people to think the gamble paid off over the long haul

Probably not. Most investors have short memories. Institutional investors are in and out of funds on a daily basis depending on what their fund needs on any given day.

 

[Tessa120]

$700 million, I'd agree with you. $7 billion is a lot harder to forget.

 

[Megaparsec]

$700 million, I'd agree with you. $7 billion is a lot harder to forget.

I dunno, I adjusted the price on an item (a H&H ladle) by $7 billion based upon a guest challenge, and, nothing ended up happening to me as a result. Our sales tanked that day though!

 

[qmosqueen]

How Target Managed a Big-Box Turnaround

Two and a half years after its big bet spooked shareholders, Target is posting ticker-tape-parade-worthy results. Here's how.

fortune.com

False advertising for all Karen’s to believe.

 

[seasonaldude]

I dunno, I adjusted the price on an item (a H&H ladle) by $7 billion based upon a guest challenge, and, nothing ended up happening to me as a result. Our sales tanked that day though!

Meh, that's small potatoes. AP is building its case waiting for you to do something really big so they can nail you. Be Afraid. Be Very Afraid.