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Originally Posted by Rain Man
My retail stocks are like Dresden during the fire bombings. I only have a couple, but TGT and ANF have been taking a beating, and I think they're typical.
Do we think they'll bounce back or are all retail stocks going the way of Montgomery Wards? I'm curious if this is a buying opportunity or the beginning of a mass extinction event.
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Target just did 4Q earnings a day or so ago.. no bueno for 4Q sales or forward guidance. Online sales were up but it's such a tiny part of their business
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For full-year 2017, Target expects a low-single digit decline in comparable sales, and both GAAP EPS from continuing operations and Adjusted EPS of $3.80 to $4.20.
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I did a check and WMT is flat for the last 3 months vs TGT down 25%. Wal-Mart has a larger online presence already. I'm not an investor in either but I know WMT bought Amazon sorta competitor Jet.com. I've also seen their recent commercials offering free 2-day shipping on orders over $35(?) bucks to try and match Amazon.
I've heard nothing about anything Target is doing other than dying a slow death. They may have some grand plan or something I don't follow them closely.
I just looked at ANF and it's up 13+% today. I see their earnings report came out today.. it must have been favorable.