Target’s Stocking Gets a Lump of Coal

Target’s Stocking Gets a Lump of Coal (Yahoo Finance)

With the holiday season upon us, retailers typically drink in revenues and watch their share prices soar. While that might be the case with Wal-Mart and Costco, Target’s being left behind. In the last 10 days alone, its share price has lost 4 percent. So what’s wrong with Target? While peers such as Wal-Mart and Costco have seen their shares appreciate, Target’s shares have fallen 4 percent — most of it in the last 10 days. Part of the problem is simply scale: Wal-Mart has six times the revenue of the nation’s second-leading retailer. And in the ecommerce world, Target can’t hold a candle to Amazon. In both cases, the larger competitor is crushing Target in attracting customers. If you currently hold Target (TGT) stock, too bad you can’t return it like an unwanted gift…

Wayne Ellis

Wayne Ellis has been involved in the financial publishing industry for more than 15 years. During that time, he has helped to edit, to market and to launch products and services for Ernst & Young, LLC, Fidelity Investments, Agora, LLC, and Eagle Financial Publications. He currently puts his broad-based experience and industry expertise to use as a contributing writer for Eagle Financial Publications. He also is a graduate of Arizona State University.