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Heard on Target's (TGT) earnings call: 1) The first 24 stores in Canada will open in April and...

Heard on Target's (TGT) earnings call: 1) The first 24 stores in Canada will open in April and 128 stores will be opened before Christmas. 2) Execs say they have a "tempered" view on near-term consumer spending with the U.S. growing "painfully slow," but think the company is well-positioned with stores remodels in place to highlight food assortment and online channels performing well. 3) On Q4 sales: Home and apparel categories held up, while digital channels saw strong sales. Electronics continues to be a challenge due to the "irrational behavior" of rivals. 4) Mobile purchases make up 7% of digital sales with participation in Apple's Passbook app contributing to the surge. (webcast)
Comments (1)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    "2) Execs say they have a 'tempered' view on near-term consumer spending with the U.S. growing 'painfully slow,'"

     

    ...while Reuters reports that, "a source close to a...OK...so we make this stuff up", said "U.S. growth is...who are we kidding...you need a statistician to measure minus .001% and plus .001%."

     

    The New, new-normal until someone leads from the front.
    27 Feb 2013, 11:38 AM Reply Like
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