Sure—the sales slump is due to tariffs that hadn’t even taken effect yet, and not to their highly-publicized repudiation of diversity initiatives.
In the article it says the CEO specifically called out the political pushback from pulling those programs in their quarterly earnings report…
In this case the main point of his conversation was that raising prices was inevitable due to tariffs, but that they’re going to try and “hold out” as long as possible. Whatever that means, but I suspect it’s trump appeasement so he doesn’t try and call them out. Which is also stupid.
their highly-publicized repudiation of diversity initiatives.
That’s only the latest in a series of blunders by Target that date back to the pandemic. They used to have a reputation of being a pleasant shopping experience. They used to be the “not Walmart”. After the pandemic they were slow to re-staff and the predictable result was dirty stores, empty shelves, and long waits at checkout.
Here is an astrophysicist explaining mathematically why they suck: YouTube or Nebula.
The next Kmart.
The stores are just full of generic shit. It’s just a diff color and a diff brand name.
I thought the whole point of tariffs is to kill small business. In the world of retail, for example, Murca is pushing to only have Walmart remain.
Target should just sell out to Walmart ASAP if they want to retain any value for their shareholders, and so should all the other little guys if they’re trying to be responsible. It’s not like they have a chance.
Merge all retail into one big, beautiful beast. There was never any real competition anyway.
