Wal-Mart Brings In Impressive Earnings While Target Struggles
Over a million people signed a petition pushing back against Target’s strange decision to allow customers to use whichever bathroom they feel more comfortable in.
Clearly, millions of people across the country don’t think it’s a good idea to eliminate gender roles and let women fend for themselves with males in the bathroom.
We have already seen examples of Target employees refusing to remove “creepy” men from restrooms.
There is definitely more to this issue than liberals let on.
Many people have speculated that Wal-mart will see a boost in business after we started to see hints that Target’s business was starting to struggle.
Thursday, more evidence supporting that conclusion was revealed.
Wal-Mart Stores on Thursday reported a higher-than-expected quarterly profit and revenue, as sales in the U.S. market rose and the retailing giant kept a lid on costs.
Shares of Wal-Mart rose 7.5 percent in premarket trading following the announcement.
“Traffic has not been up year over year in the comp traffic for six consecutive quarters,” he added in a separate “Squawk Box” interview.
But other major retailers, excluding Home Depot and Lowe’s, have been reporting dismal quarterly results.
Case in point, Target on Wednesday reported a lower-than-expected increase in sales at established stores as consumers spent more on big-ticket purchases like homes and cars than on discretionary items like apparel.
Quarterly revenue at Target was short of estimates, though earnings did beat expectations.
It is difficult to say whether or not there is a direct link between Target’s backwards bathroom policy and the success of Wal-Mart but obviously Target is trending down and Wal-Mart is trending up.
Target is kidding themselves if they think their decision won’t affect business.
( Source )