RE: Turning off DEI isn't causing their problems
Posted on: August 20, 2025 at 11:35:21 CT
phrejd STL
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from the article...
But Target has been in a deep slump for years, a result largely of its own strategic missteps. The company has struggled as customers have purchased less of its home goods and clothing. Target has also faced intense competition from Walmart, Amazon and Costco.
Target on Wednesday reported sales fell for the third-straight quarter. Shares fell 10% in premarket trading. Target’s (TGT) stock is among the worst performing companies in the S&P 500 this year.
Target’s stock drop reflects many investors’ belief that the chain needed to go in a new direction with its choice of CEO. Some analysts criticized Target’s board for choosing an insider who has helped develop Target’s current strategy.
“This an internal appointment that does not necessarily remedy the problems of entrenched groupthink and the inward-looking mindset that have plagued Target for years,” Neil Saunders, an analyst at GlobalData Retail, said in a note to clients Wednesday. “Target, which used to be very attuned to consumer demand, has lost its grip on delivering for the American shopper.”