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!
Q3 GDP Tracking: Flyin' Blind
-
From BofA:
Since our last weekly publication, *3Q GDP tracking increased to 2.8% q/q
saar* from 2.6% after 2Q GDP came in at 3.8% in the third estimate.
...
38 minutes 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