Target cuts October same-store sales view
In a recorded message, the retailer said its reduced forecast was partly based on "greater-than-normal daily volatility and continued disappointing sales results for the first two weeks of October."
Greater-than-normal daily volatility? Really?
Sales Manager: Why aren't you buying?
Customer: I came in here yesterday.
Sales Manager: Our records show you did.
Customer: Don't I normally come in on Fridays?
Sales Manager: Yeah. We were concerned about you.
Customer: I think I'll spend an extra hour in here on Thursday.
Sales Manager: Can we expect to see you on Friday?
Customer: I've already said too much as it is!
Customer then runs out of the store in a blind panic while looking over his shoulder in a most paranoid way!
This greater-than-normal daily volatility excuse better not catch on. You can bet that if it works for a retailer, with presumably fairly stable pricing, just imagine what it would do to a stock market!
Q4 GDP Tracking: Mid 2% Range
-
Fed Chair Powell, Nov 7, 2024:
"It's actually remarkable how strong the U.S. economy is performing. We're
performing better than all of our global peers. ...
3 hours ago
2 comments:
Retailers scramble to size up wildfire impact
So now retailers have a new excuse for slower sales in retail (at least in SoCal)....
dannyhsdad,
Yeah, they'll sweep as many one-time charges into the fire as they can no doubt.
Post a Comment