Sales are in the toilet. It feels like nobody’s spending a dime here these days. I don't care about the reason, I'm just getting real tired of watching the numbers drop week after week.
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Layoffs imminent? Hearing the company wants to eat part of the new trump taxes to keep guests coming. Being pitched as “business transformation” but it will be layoff/RIF.
The guy ranting about WFH is too distracted. The layoffs will ravage stores, DCs, HQ, and especially the many many many hourlies at HQ handling in person tasks.
B.S. there are tons of strictly WFH target employees. The true litmus test is when people say the "I work harder from home".
Target is a very inefficient business model as evidenced by consistently slowed growth than others in the sector. There is a reason they call it work.
These Uber hard workers you are referring to will be snatched up quickly after they are laid off. They might need a car and an alarm clock however. ...oh yeah, they might need daycare too. Kinda hard to multi task with toddlers!
Khaki Clown: We are all hybrid; not sure WTF you are talking about. Mostly everyone goes into the office several times a week to meet with others or look at product or samples arriving (considering we design and buy product).... you know, those things we place on store shelves? They can't be looked at or evaluated virtually or via photos. Then the days when there isn't anything to look at in person or anyone/teams to meet in person; we stay home and get a sh-t ton of work done with less interruptions. The flexibility we get from hybrid has worked wonders for many at TGT. Go post your MAGA nonsense elsewhere.
Heh. Target stock down 12% today. Time to right the ship and become more efficient. Wasting 100k a year on someone walking kids to bus stops, swilling coffee and doing laundry isn't going lower prices. Time to bring them back to work or send them packing. Plenty of in office jobs available! WFH is over! Ha ha
34-54% tariffs on all grocery and goods imports (since they stack with earlier tariffs). Every major retailers’ business model is dead now. A race to see who can burn liquidity slowest.
Mass layoffs at starts and HQ are a necessity now.
Wonder if things will get better after the 40-day boycott or if people will continue to shop alternatives. I agree that morale is low. My team has basically been tasked to prove that (1) all of us are needed and (2) that our jobs need to be in US.
It’s from poor leadership and a fear-driven culture. If they wanted to fix it, they could, but the leadership is too incompetent to build a winning strategy.
Have you been to a store lately? They are complete dumps. Cardboard displays blocking isles, lack of inventory, and long lines. The downfall is incredibly sad.
They don’t value talent. They just keep moving jobs to India where most have never set foot in a Target store.
The current leadership should be ashamed!
What do you expect when the most corrupt Indian management has taken over from top to bottom, and the only thing they care about is moving jobs to India to enrich themselves and their friends and family?
WMT and AMZN are our direct competitors and who our investors benchmark us against. It's not an unfair comparison.
Sales aren’t in the toilet. We did almost $107b in revenue this year, which is Target’s third best year ever. People continue to frame our success and failure by comparing us to WMT and AMZN. We’re never going to go t-t for tat with those competitors. We need to create a different space for ourselves to succeed in, similar to Apple and Google in the early 2000s when Microsoft was king. There’s plenty of untapped market out there.
Was not here for the big information leak years ago but it is definitely the bleakest it has ever been for everyone.
We got a new VP and the person seemed like they were at a death sentence hearing introducing themselves. It was very noticeable in the body language for everyone in the conference room that something is wrong. Morale is gone from the top on down.
TGT is simply inferior to Amazon and Walmart at this point. Target had success because upper middle class pilates moms didn't want to be seen shopping at Walmart. That stigma is gone and WMT is gaining share of $100k+ income shoppers which is a death sentence for TGT.
Not as bad here, but it's certainly noticeable.