SayWha

Target Shoppers Heading to Wal-Mart in Droves

Target still has their huge credit card problem where they tried to soak many of their customers, charging 31% interest rates on their balances. Many of these customers are now in bankruptcy and not paying their balances or shopping at Target anymore. The credit card part of the business is draining money and customers away from the Target retail business, so Target won't be able to lower their prices to match WalMart's prices.

Target-ing a Valued Future

Target may be "repositioning itself as a low-cost retailer", but is it actually lowering prices? I don't think so.

Retail Market Musings: Wal-Mart, Target, B.J's and Costco

Perhaps Target is not doing so well because their credit card is doing so poorly. Only sub-prime borrowers would consider paying Target's 27% interest. All other consumers have more sense than that.