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Bathroom Blues: Target forecasts decline in Yr-to-Yr sales as stock tanks
Posted on 2/28/17 at 7:52 am
Posted on 2/28/17 at 7:52 am
quote:
Reuters
Target forecasts surprise drop in 2017 comparable sales, shares sink
February 28, 2017
The Minneapolis-based retailer said it expects sales at stores open for at least a year to decline in the low-single digit percentage range in fiscal 2017, after reporting a fall of 0.5 percent in 2016.
Analysts on average were expecting the company's same-store sales to increase 0.4 percent in 2017, according to analysts polled by research firm Consensus Metrix.
Target also forecast full-year earnings from continuing operations of $3.80-$4.20 per share, while analysts' on average were expecting its profit to top $5.00, according to Thomson Reuters I/B/E/S.
LINK
TGT is down 31% since the bathroom announcement last April. It now is set to suffer biggest its price decline since it went public 45 years ago ( LINK).
quote:
Dividend Stocks
How Target’s Bathroom Policy Killed TGT Stock
January 26, 2017|by Cabot Editor
...
It’s actually somewhat unusual for a large American company to make such a poor business decision. That’s why I was incredulous at Target’s bathroom policy. Announced in April, the company said that it would begin to allow transgender customers and employees to use their bathroom of choice.
I immediately knew that Target’s revenue would drop, because its customer base would become disenfranchised. How did Target’s management team not know this? Was there an executive meeting wherein the CEO and the marketing department discussed the pros and cons of this pending decision? Or did the decision solidify during a Kum ba yah moment between martinis at an executive retreat?
We all know the “pros” of Target’s bathroom policy: people want an ideal world where everybody is safe and feels good about themselves. But lots of us foresaw the “cons”: a large portion of Target’s customer base wouldn’t feel comfortable with the controversial decision.
And that’s exactly what’s happened—customers have reacted by boycotting Target.
This wasn’t a tiny boycott. It was national in scope, with 1.4 million people signing a pledge to boycott the stores.
LINK
24
Posted on 2/28/17 at 7:54 am to NC_Tigah
Social issues have consequences.
Posted on 2/28/17 at 7:54 am to NC_Tigah
To be fair, many many big box retailers are experiencing declining sales.
Edit love how we Downvote facts we don't like here
Edit love how we Downvote facts we don't like here
This post was edited on 2/28/17 at 8:12 am
Posted on 2/28/17 at 7:55 am to Homesick Tiger
quote:
Social issues have consequences.
So do shitty decisions
Posted on 2/28/17 at 7:57 am to NC_Tigah
So how much do you think it's related the Amazon and online shopping vs. the bathroom policy?
Posted on 2/28/17 at 7:57 am to NC_Tigah
Hopefully these companies start to realize virtue signalling has consequences.
Posted on 2/28/17 at 7:59 am to gatorsimz
Capitalism doesnt care about color or gender. If you wont do something, someone else will, and you will always lose hahah. Target got wreckt by good ole red white and blue capitalism.
Posted on 2/28/17 at 8:01 am to NC_Tigah
I guarantee you that this has more to do with online retailers than with the bathroom thing.
That didn't stop anyone that I know from shopping there and the Targets close to my house are always packed.
Hell, they could have flamboyant tranny cashiers manning every register and I would still happily shop there before I would step a foot in a place like Walmart.
That didn't stop anyone that I know from shopping there and the Targets close to my house are always packed.
Hell, they could have flamboyant tranny cashiers manning every register and I would still happily shop there before I would step a foot in a place like Walmart.
Posted on 2/28/17 at 8:01 am to NC_Tigah
I'm a bit surprised that that's the issue that would drop the stock. While I don't agree with their policy and believe XX goes to the women's room and XY goes to the men's, I don't really see these instances happening often enough to actually impact customers.
Does this become a "buy" in the next few months?
Does this become a "buy" in the next few months?
Posted on 2/28/17 at 8:02 am to Wtodd
quote:
So do shitty decisions
What you did there. I seent it.
Posted on 2/28/17 at 8:03 am to NC_Tigah
I know people will reject the idea that their policy hurt their sales. And I can't put a number on how much it did if it did. But I do know this. My completely non political wife who used to shop at Target all the time no longer does so and for that specific reason. Not because she actually worries about the bathroom but because she sees the absurdity of the policy. Yes I know that's completely anecdotal. But I highly doubt my wife is the only person in America like her
Posted on 2/28/17 at 8:04 am to buckeye_vol
quote:
So how much do you think it's related the Amazon and online shopping vs. the bathroom policy?
Well if Sears, Penney's, KMart, Kohl's, etc. type stores also declined around the 30% mark, then I say you have a point. If they didn't, then that tells you all you need to know.
Posted on 2/28/17 at 8:05 am to buckeye_vol
quote:
So how much do you think it's related the Amazon and online shopping vs. the bathroom policy?
Probably a little of both. I don't care enough to change my life over it. I'm a bit pissy that McCrory lost the governship over it here in NC..
I'm still going to shop at Target because I'm not setting foot inside a Wal-Mart.
Yes, I'm above that zoo of a store.
This post was edited on 2/28/17 at 8:06 am
Posted on 2/28/17 at 8:07 am to NC_Tigah
It's great watching "conservatives" dickride a company like Amazon. 
Posted on 2/28/17 at 8:07 am to Homesick Tiger
quote:
Well if Sears, Penney's, KMart, Kohl's, etc. type stores also declined around the 30% mark, then I say you have a point. If they didn't, then that tells you all you need to know.
I thought Sears has been having troubles long before the bathroom stuff. Are there still K-Marts around?
Posted on 2/28/17 at 8:07 am to buckeye_vol
I would say it's more bc of Amazon but the tranny thing probably didn't help.
Posted on 2/28/17 at 8:07 am to DisplacedBuckeye
quote:
It's great watching "conservatives" dickride a company like Amazon.
Conservatives aren't allowed to shop online?
Say Wuh?
Sounds like you stereotype as bad as conservatives do.
This post was edited on 2/28/17 at 8:09 am
Posted on 2/28/17 at 8:08 am to 4cubbies
quote:Walmart, TGT's main competition, is up in Y2Y US sales.
To be fair, many many big box retailers are experiencing declining sales.
Posted on 2/28/17 at 8:09 am to NC_Tigah
That doesn't change the fact that many many big box retailers are experiencing declining sales. There are always outliers.
Posted on 2/28/17 at 8:09 am to Homesick Tiger
quote:
Well if Sears, Penney's, KMart, Kohl's, etc. type stores also declined around the 30% mark, then I say you have a point. If they didn't, then that tells you all you need to know.
Sears is down >50% from a year ago.
Kohls is down >6%.
JcPenny is down >35%.
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