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  1. Embed this notice
    gme / BOFH ?? ?? (gme@bofh.social)'s status on Friday, 26-May-2023 00:00:13 JST gme / BOFH ?? ?? gme / BOFH ?? ??

    Do you want to know how you “stand with” the LGBTQIA+ community? You help defend it from bullies and baseless attacks!

    No more Target for me, not until they grow a fucking spine.

    https://www.cnn.com/2023/05/25/business/target-lgbtq-merchandise-pressure-trans/index.html

    In conversation Friday, 26-May-2023 00:00:13 JST from bofh.social permalink

    Attachments


    1. https://cdn.bofh.social/bofh-social/17922a8f78826e347ee1e7a2534666cd9185e7373a3e03d38547b679e2d735e2.png
    • Embed this notice
      feld (feld@bikeshed.party)'s status on Friday, 26-May-2023 00:00:12 JST feld feld
      in reply to
      Think of the all the LGBTQIA+ folks that would be out of a job if they went out of business tho. It's complicated and it sucks. They're already dealing with millions in losses due to increases in violence in their stores and their overall financials aren't great IIRC
      In conversation Friday, 26-May-2023 00:00:12 JST permalink
    • Embed this notice
      gme / BOFH ?? ?? (gme@bofh.social)'s status on Friday, 26-May-2023 00:40:39 JST gme / BOFH ?? ?? gme / BOFH ?? ??
      in reply to
      • feld
      @feld dude no way in hell not a snowball's chance in hell is Target going to go out of business not over this and not anytime soon
      In conversation Friday, 26-May-2023 00:40:39 JST permalink
    • Embed this notice
      feld (feld@bikeshed.party)'s status on Friday, 26-May-2023 00:40:39 JST feld feld
      in reply to
      It's complicated.

      https://www.forbes.com/sites/kevinrozario/2023/05/17/targets-ceo-says-theft-will-affect-profitability-to-the-tune-of-500-million-this-year/

      https://www.cbsnews.com/news/target-violent-incidents-theft-ceo-brian-cornell/
      In conversation Friday, 26-May-2023 00:40:39 JST permalink

      Attachments

      1. Domain not in remote thumbnail source whitelist: assets1.cbsnewsstatic.com
        "Violent" incidents are on the rise at Target stores, costing millions, CEO says
        Organized retail crime is impacting Target and other retailers, and shoppers can be in "harm's way," CEO Brian Cornell said.
      2. Domain not in remote thumbnail source whitelist: imageio.forbes.com
        Target’s CEO Says Theft Will Affect Profitability To The Tune Of $500 Million This Year
        from Kevin Rozario
        A policy response at governmental level is what is needed to combat a growing—and nationwide—issue according to the retailer.
    • Embed this notice
      feld (feld@bikeshed.party)'s status on Friday, 26-May-2023 00:43:39 JST feld feld
      in reply to
      • feld
      > Target cash on hand for the quarter ending April 30, 2023 was $2.229B, a 62.29% decline year-over-year.

      > Target long term debt for 2023 was $16.009B, a 18.16% increase from 2022. Target long term debt for 2022 was $13.549B, a 17.45% increase from 2021.

      Economy crashes, those loan payments spike in interest, they may seriously be in hot water. Needs deeper analysis but I don't think any corporation in America is safe right now if they have high debt and low cash on hand.
      In conversation Friday, 26-May-2023 00:43:39 JST permalink
    • Embed this notice
      feld (feld@bikeshed.party)'s status on Friday, 26-May-2023 00:51:09 JST feld feld
      in reply to
      • SlicerDicer
      How quickly will that $2B evaporate in the scenario of say, a 40% stock market correction? I don't know how to calculate that.

      But you have to consider when that happens, everything goes to shit. People stop spending. So their revenue drops too. Plus the stock value. And then they run out of cash.

      Can they restructure those debts? No, probably not because the interest rate would be astronomical right? Or do I have something wrong with that train of thought?

      I figure they'll be forced to liquidate and close many stores
      In conversation Friday, 26-May-2023 00:51:09 JST permalink
    • Embed this notice
      SlicerDicer (slicerdicer@bikeshed.party)'s status on Friday, 26-May-2023 00:51:10 JST SlicerDicer SlicerDicer
      in reply to
      • feld
      DIVIDEND YIELD
      3.11%

      Do math, what happens when stock goes down?
      As the stock rises, the yield drops, and vice versa.

      Target lose value? They will get their ass ate. This is the eating ass of QE->QT
      In conversation Friday, 26-May-2023 00:51:10 JST permalink
    • Embed this notice
      feld (feld@bikeshed.party)'s status on Friday, 26-May-2023 01:04:48 JST feld feld
      in reply to
      • SlicerDicer
      > Target is not at a high risk of bankruptcy or going under, based on its current financial situation and performance.

      Only if the economy doesn't crash. None of these statements ever assume the current bubble will pop.

      Remember, people never imagined K-Mart and Woolworth's would disappear either.
      In conversation Friday, 26-May-2023 01:04:48 JST permalink
    • Embed this notice
      gme / BOFH ?? ?? (gme@bofh.social)'s status on Friday, 26-May-2023 01:04:49 JST gme / BOFH ?? ?? gme / BOFH ?? ??
      in reply to
      • feld
      • SlicerDicer

      @feld @SlicerDicer

      Target’s total revenue grew $3 billion to $109 billion in 2022, from $106 billion in 2021. Total revenue has grown more than $30 billion since 2019.

      Target’s comparable sales grew 2.2 percent in 2022, on top of 12.7 percent in 2021. Comparable traffic grew 2.1 percent in 2022, on top of 12.3 percent in 2021.

      Target’s GAAP earnings per share (EPS) was $1.89 for the fourth quarter of 2022, compared with $3.21 in 2021, and $5.98 for the full year of 2022, compared with $14.10 in 2021.

      Target’s net interest expense was $129 million for the fourth quarter of 2022, compared with $104 million in 2021, and $478 million for the full year of 2022, compared with $421 million in 2021.

      (source)

      Target has a higher comparable sales growth than Walmart, with 2.2% in 2022, compared to Walmart’s 0.7%1. However, both lag behind Amazon’s 27% net sales growth in 20202.

      Target also has a higher gross profit margin than Walmart, with 29.8% in 2021, compared to Walmart’s 24.5%4. Amazon has a lower gross profit margin than both, with 23.6% in 20202.

      In terms of product prices, Target tends to be cheaper than Amazon in categories such as food and beverage, health and beauty, and household essentials, while Walmart tends to match or beat Amazon’s prices in most categories3.

      (source)

      Target is not at a high risk of bankruptcy or going under, based on its current financial situation and performance. According to one source1, Target has a probability of bankruptcy of 19%, which is lower than the average of its sector (36.1%) and industry (20.7%). The probability of bankruptcy is a measure of the likelihood of financial distress, based on various factors such as credit ratings, stock volatility, financial metrics and proprietary data1.

      Target has also shown resilience and growth in the past year, despite the challenges posed by the pandemic and the competitive environment. Target’s total revenue grew by $3 billion to $109 billion in 2022, and its comparable sales grew by 2.2%, driven by an increase in guest traffic2. Target also has a strong balance sheet, with $8.9 billion of cash and equivalents and $11.9 billion of total debt as of January 29, 20222.

      Of course, Target still faces some risks and uncertainties in the future, such as inflation, supply chain disruptions, consumer demand fluctuations and competitive pressures. Target also has some debt maturities coming due in the next few years, which could affect its liquidity and leverage ratios2. However, based on its current financial position and performance, Target is not likely to file for bankruptcy or go under anytime soon.

      (source)

      In conversation Friday, 26-May-2023 01:04:49 JST permalink

      Attachments


      1. Invalid filename.
    • Embed this notice
      Salastil (salastil@pleroma.salastil.com)'s status on Friday, 26-May-2023 01:32:30 JST Salastil Salastil
      in reply to
      • feld
      • SlicerDicer
      K-Mart did not die because of its own volition, it was purposefully destroyed by Eddie Lampert who sold out all of the moving parts of Sears and K-Mart and then when the companies withered he sold the real estate. These companies were looted for all of their wealth. The only reason Target became this big is because Sears and K-Mart were destroyed and created market space for them.
      In conversation Friday, 26-May-2023 01:32:30 JST permalink
    • Embed this notice
      feld (feld@bikeshed.party)'s status on Friday, 26-May-2023 01:32:30 JST feld feld
      in reply to
      • Salastil
      • SlicerDicer
      > it was purposefully destroyed by Eddie Lampert who sold out all of the moving parts of Sears and K-Mart and then when the companies withered he sold the real estate.

      You mean the exact same thing the shareholders of Target can do if they fear a massive recession?
      In conversation Friday, 26-May-2023 01:32:30 JST permalink
    • Embed this notice
      Salastil (salastil@pleroma.salastil.com)'s status on Friday, 26-May-2023 01:39:45 JST Salastil Salastil
      in reply to
      • feld
      • SlicerDicer
      Downsizing unprofitable segments of the company is nowhere near the same thing as a deliberate plan of destruction from the outset. Eddie Lambert owned 26% of the holding company and his Hedge Fund owned another 25%, there was zero ways for the shareholders to challenge him. Target is still a public company and such schemes would get defeated.
      In conversation Friday, 26-May-2023 01:39:45 JST permalink
    • Embed this notice
      feld (feld@bikeshed.party)'s status on Friday, 26-May-2023 01:39:45 JST feld feld
      in reply to
      • Salastil
      • SlicerDicer
      private vs public makes no difference. A public company can still have one or a few investors that together hold over 50%.

      Target isn't in danger of this at the moment, but a hostile takeover is always possible when the market turns sour and someone sitting on a mountain of cash wants to pick the bones clean
      In conversation Friday, 26-May-2023 01:39:45 JST permalink
    • Embed this notice
      feld (feld@bikeshed.party)'s status on Friday, 26-May-2023 01:49:30 JST feld feld
      in reply to
      • Salastil
      • SlicerDicer
      yeah the GIANT CRES debt wall is looming

      but selling the property is likely not what the game plan would be. If I was sitting on a mountain of cash while everyone else is drowning in debt I'd go after the rest of their assets and hold the real estate until the market improves
      In conversation Friday, 26-May-2023 01:49:30 JST permalink
    • Embed this notice
      Salastil (salastil@pleroma.salastil.com)'s status on Friday, 26-May-2023 01:49:31 JST Salastil Salastil
      in reply to
      • feld
      • SlicerDicer

      I do not deny that the market can go to shit rather quickly and harder than anyone expected. But its unlikely that looting Target in the same manner would be effective since corporate real estate is in a huge glut right now, particularly office real estate. Some asshole can try selling off the property but its unlikely to get buyers for decades since brick and mortar store retail is dying off hard.

      In conversation Friday, 26-May-2023 01:49:31 JST permalink
    • Embed this notice
      feld (feld@bikeshed.party)'s status on Saturday, 27-May-2023 04:33:21 JST feld feld
      in reply to
      • SlicerDicer
      I swear I didn't do it

      https://www.marketwatch.com/story/targets-stock-sinks-toward-worst-day-since-black-monday-2022-05-18
      In conversation Saturday, 27-May-2023 04:33:21 JST permalink

      Attachments

      1. Domain not in remote thumbnail source whitelist: s.wsj.net
        Target's stock sinks toward worst day since Black Monday
        from @TomiKilgore
        Shares of Target Corp. undefined are suffering a black Wednesday, as they are plunging toward their worst one-day performance in 35 years. The stock is...

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