Locator: 48668TGT.
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Brief
Reminder
Briefly:
- I am
inappropriately exuberant about the Bakken and I am often well out front
of my headlights. I am often appropriately accused of hyperbole when it
comes to the Bakken.
- I am inappropriately exuberant about the US economy and the US market.
- I am also inappropriately exuberant about all things Apple.
- See disclaimer. This is not an investment site.
- Disclaimer:
this is not an investment site. Do not make any investment, financial,
job, career, travel, or relationship decisions based on what you read
here or think you may have read here. All my posts are done quickly:
there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything.
- If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.
- Reminder: I am inappropriately exuberant about the Bakken, US economy, and the US market.
- I am also inappropriately exuberant about all things Apple.
- And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia. Nvidia is a metonym for AI and/or the sixth industrial revolution.
- I've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom.
- I've now added Oracle to the disclaimer. I am also inappropriately exuberant about all things Oracle.
- Longer version here.
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Target
Updates
May 23, 2025: dismal earnings amid DEI "headwinds" and now says two C-suite somen leaders are on their way out. Link here.
Original Post
If Target is just one of two or three options and more convenient in terms of location, it beats out its rivals. But on an even playing field, equally convenient in location with two or three competitors, Target would generally be the third choice for most consumers.
Compared to Walmart:
- many fewer SKUs in grocery, and certainly in general merchandise
- checkout convenience experience much, much better in Walmart
- in Target, if you can't find it, go to Walmart;
- in Walmart, if you can't find it, you don't need it;
- higher prices across the board and significantly higher for some products.
- Target parking lots much, much nicer than Walmarts
- many Walmarts also co-located with service stations; automobile servicing
Compared to Albertson's, Krogers:
- many fewer SKUs for grocery items
- their focus is grocery, not general merchandise, and it shows
Compared to HEB:
- no comparison
- my hunch: if an HEB opens near an existing Target in Texas, foot traffic in the latter will collapse
Earnings, link here:
All of this needs to be fact-checked.
EPS: $1.31 vs $1.60 (adjusted); non-adjusted were much better and beat;
guidance, full year, downgraded
- could be as low as $7 (for the full year)
- had been trending toward nearly $10 (for the full year)
Question: is Target a regional retail operation, or is it even worse than that, a single-state operation where it's governor is a poster child for DEI? With regard to DEI, I don't think consumers care. Consumers look for product availability, prices, and check-out convenience.
