Sunday, August 20, 2023

TGT Aimed, Then Shot Itself in the Foot

Yah, Target did itself no favors with its "Let Kids Be Trannies!!" and 'rainbow' month crapola.

Noted at Ace:  their 2Q sales were (YoY) off by about 2%.  Not bad, until you consider inflation of 4-5%, because that means that TGT's 'merchandise moved' was off by 6-7%.

Not good.

In fact, TGT lost ground to "All Retail", which did manage to keep up with inflation at about a 4% gain compared to last year's quarter.

TGT had best get focused on target if they intend to be around in 10 years.

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