I am a large target stock holder and overall brand enthusiast. I like the stores and see a lot of promise in the space. But hot damn were earnings terrible for a second quarter in a row with a promise of more disappointment next quarter. I think the schism between Walmart and target earnings does show the impact of inflation on discretionary spending, but I frankly expected better still. It seems target overbought inventory they are moving at a loss and pushed to hard into the growth they saw the last couple years. 2022 was a huge setback and it seems the pain might not stop until inflation truly eases and perhaps a new corporate strategy is implemented
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