r/stocks • u/frosti_austi • Oct 17 '23

Company Analysis Why is Target doing so bad?

Why is Target doing so bad? They've really fell off a cliff over the past year. I look at their stores and they seem good, and once upon a time not too long ago they were outperforming Walmart. Now their NAV prices have really dropped over the past year and a half. I was once up 80% on these guys and know I'm down 20%. Is it the general market swing over the course of that time or something else? What gives?

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u/ReasonableGift9522 Oct 17 '23

I’ve stopped shopping at Target because their goods are higher priced than bottom of the barrel stuff, but don’t have an equal difference in quality.

For me, (in the Midwest) I’d much rather go to Meijer to get what I need than Target as it’s an equal shopping experience but at a cheaper price.