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- Aug 16, 2011
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Some juicy bits in this article:
Hmmmm...
Typical non-answer.
Ouch!
http://online.wsj.com/article/SB100...7242516227440.html?mod=WSJ_hps_editorsPicks_2
So, opinions? comments?
Where special products aren't possible, Target asked the suppliers to help it match rivals' prices. It also said it might create a subscription service that would give shoppers a discount on regularly purchased merchandise.
Hmmmm...
Target declined to comment other than to issue a statement saying that it "has long prided itself on having truly collaborative vendor partnerships and we continually work with our vendors to remain competitive in the ever-evolving retail environment."
Typical non-answer.
Target had a tough Christmas season, with sales at stores open at least a year rising just 1.7%, about half of what the company expected. As a result, Target recently lowered its fourth-quarter earnings per share range to between $1.35 and $1.43 from $1.43 to $1.53.
The company said sales were particularly disappointing in electronics, movies, books and music—products whose sales have migrated most significantly to the Internet. Those products accounted for 20% of Target's annual sales of $65 billion in 2010, down from 22% in the prior year.
Ouch!
http://online.wsj.com/article/SB100...7242516227440.html?mod=WSJ_hps_editorsPicks_2
So, opinions? comments?
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