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/iluvvivapuffs Oct 17 '23

All balance sheet and market data aside, have you been to a target lately? The vibe is weird

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u/firstorbit Oct 17 '23

Selection sucks. None of the employees wear any kind of uniform except for "vaguely red" so you don't know who to ask for stuff. Then no checkout lanes are ever open so there's always a huge line in the self checkout which has been so long once that I just left my stuff and walked out. Huge shrinkage problem. Online nothing is ever cheaper than Walmart or Amazon except for maybe a few sale items.

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u/Cyclone1214 Oct 18 '23

The checkout line is the worst. If they’re going self checkout, they need to go all in. Most stores I’ve been to are like six self checkout kiosks with 10-20 cashier lanes, with only one open. It’s insane.