Target's (TGT) latest earnings report did not meet Wall Street's expectations, as the retail giant reported a 3% year-over-year decline in sales and missed...
as the retail giant reported a 3% year-over-year decline in sales and missed estimates for adjusted earnings. Storch Advisors CEO Jerry Storch joins Catalysts to discuss what these results mean for the broader state of the consumer.
Obviously, you have incredible experience to bring us about what it's like to lead a retailer during difficult economic times. 2.7 you look at just retail, but they don't factor out inflation inflation is more than the growth in retail sales.So that's what's been going on and then in an environment like that, uh whereas the consumer spend, well, they spend where they have to spend first.
And so, so it's kind of a backwards hyper Mart at Target right now where, what you have is, uh, you know, Principal hypermart is, uh, you go to the grocery part every week and then you pick up the general merchandise at higher margin while you're there.
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-- Toronto-Dominion Bank and its US money-laundering woes are set to dominate the start of Canadian bank earnings season this week.
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