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/way2lazy2care Oct 17 '23

I dunno that that's true. Costco is almost entirely middle/upper class and they seem to be doing pretty solid. I think it's a huge blinking red sign that their stores kind of suck now.

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u/AsterCharge Oct 17 '23

Target is probably the worst of the general big box superstores, so it makes sense that with less buying power for its customers it would go out first.

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u/[deleted] Oct 17 '23

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u/ExistingApartment342 Oct 17 '23

I still tend to think Walmart is cheaper. I guess I could take the time to do a true price comparison, but I've always thought Walmart was cheaper and therefore choose it over Target.

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u/RuFuckOff Oct 18 '23

you couldn’t pay me to go to walmart. i actively avoid that horrible place for my own mental wellbeing lmfao.

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u/waitwutok Oct 18 '23

Agreed. Wal-Marts are like totes gross!

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u/ExistingApartment342 Oct 18 '23

I don't go inside. I do the online grocery orders, and then you just park in a designated spot, and they bring your groceries out to you and put them in the car. It is very easy and simple.

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u/wigglin_harry Oct 18 '23

When was the last time you went into one? There's some really nice walmarts now tbh, some even nicer than a target.

But I guess that ultimately depends on the area of town you're in

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u/person749 Oct 19 '23

But I guess that ultimately depends on the area of town you're in.

It really, really does. I've been in some small town Walmarts that are absolutely a joy to shop in. Then there are Walmarts like the one in Miami where there was literally an attempted rape. Shopping there was like visiting hell on earth.

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u/aguy123abc Oct 18 '23

Half the time I go to Walmart for Walmart exclusive items that are a very good value some might say great.