Whether it's three or four doesn't matter. What matters is this: I haven't made a purchase at Target in years now and holiday sales there this past Christmas proved to be disappointing.
The news from the Associated Press:
For December, many retailers including Target Corp., Costco Wholesale Corp. and Macy's Inc. reported gains below Wall Street expectations. Clothing chain Gap Inc. suffered a surprise 3 percent drop in December. Analysts had expected a 2.6 percent increase.I can't explain Macy's or Costco. But I know what prompted Target's crappy showing.
Their shares took a beating. Target's stock fell almost 7 percent, while Macy's fell 3 percent. Gap's stock fell more than 7 percent.
If only they'd been more considerate toward America's premier provider of support for the needy.
Maybe next year ...