BigW72 wrote:
Target: Equally cheap and low-quality as Wal-Mart in a manner that is undetectable by women.
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| Ask DENI$ https://mail.chicagofanatics.com/viewtopic.php?f=47&t=128541 |
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| Author: | Seacrest [ Wed Aug 17, 2022 1:43 pm ] |
| Post subject: | Ask DENI$ |
Thoughts on this and what it looks like going forward? https://www.cnn.com/2022/08/17/investin ... index.html But Target reported that its price cuts did little good: It ended the quarter with 1.5% more inventory than it had three months earlier and 36% more than it had a year ago. |
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| Author: | BigW72 [ Wed Aug 17, 2022 1:47 pm ] |
| Post subject: | Re: Ask DENI$ |
Target: Equally cheap and low-quality as Wal-Mart in a manner that is undetectable by women. |
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| Author: | Nardi [ Wed Aug 17, 2022 1:54 pm ] |
| Post subject: | Re: Ask DENI$ |
BigW72 wrote: Target: Equally cheap and low-quality as Wal-Mart in a manner that is undetectable by women.
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| Author: | Caller Bob [ Wed Aug 17, 2022 1:57 pm ] |
| Post subject: | Re: Ask DENI$ |
Not that big of deal, sales are still steady they just had to write off inventory, this is likely an accounting play. |
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| Author: | Dr. Kenneth Noisewater [ Wed Aug 17, 2022 1:58 pm ] |
| Post subject: | Re: Ask DENI$ |
Feels like Target is taking the opportunity to blame the market to flow-through a bunch of bad assets and previously deferred losses to blame it on the economy. Doesn't make a lot of sense that Walmart is OK but Target isn't. Is anybody saying "I'm not going to Target, that's too expensive, let's go to Walmart"? I think Target is taking a loss cycle for tax purposes and will show huge gains when needed, probably Q1. |
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| Author: | Seacrest [ Wed Aug 17, 2022 2:01 pm ] |
| Post subject: | Re: Ask DENI$ |
Dr. Kenneth Noisewater wrote: Feels like Target is taking the opportunity to blame the market to flow-through a bunch of bad assets and previously deferred losses to blame it on the economy. Doesn't make a lot of sense that Walmart is OK but Target isn't. Is anybody saying "I'm not going to Target, that's too expensive, let's go to Walmart"? I think Target is taking a loss cycle for tax purposes and will show huge gains when needed, probably Q1. Walmart has similar inventory problems from what I'm hearing. |
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| Author: | denisdman [ Wed Aug 17, 2022 2:03 pm ] |
| Post subject: | Re: Ask DENI$ |
Caller Bob wrote: Not that big of deal, sales are still steady they just had to write off inventory, this is likely an accounting play. Yes this is the correct answer. Comps and total sales were up. They took a lot mark downs and wrote down inventory. Nothing to worry about long term. |
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| Author: | Frank Coztansa [ Wed Aug 17, 2022 2:05 pm ] |
| Post subject: | Re: Ask DENI$ |
All these big companies, they write off everything! |
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| Author: | denisdman [ Wed Aug 17, 2022 2:06 pm ] |
| Post subject: | Re: Ask DENI$ |
Frank Coztansa wrote: All these big companies, they write off everything! Accounting rules.. |
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| Author: | Cashman [ Wed Aug 17, 2022 2:14 pm ] |
| Post subject: | Re: Ask DENI$ |
Check out: Uneducated Economist on the YouTubes. He went over this about a month ago. |
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| Author: | Seacrest [ Wed Aug 17, 2022 2:25 pm ] |
| Post subject: | Re: Ask DENI$ |
denisdman wrote: Caller Bob wrote: Not that big of deal, sales are still steady they just had to write off inventory, this is likely an accounting play. Yes this is the correct answer. Comps and total sales were up. They took a lot mark downs and wrote down inventory. Nothing to worry about long term. Thoughts on Bed, Bath and Beyond Deni$? |
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| Author: | Dr. Kenneth Noisewater [ Wed Aug 17, 2022 3:02 pm ] |
| Post subject: | Re: Ask DENI$ |
Seacrest wrote: denisdman wrote: Caller Bob wrote: Not that big of deal, sales are still steady they just had to write off inventory, this is likely an accounting play. Yes this is the correct answer. Comps and total sales were up. They took a lot mark downs and wrote down inventory. Nothing to worry about long term. Thoughts on Bed, Bath and Beyond Deni$? I'm not Deni$ but they need to make their Nespresso pods more available. |
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| Author: | Spaulding [ Wed Aug 17, 2022 3:22 pm ] |
| Post subject: | Re: Ask DENI$ |
Target changed brands and redid stores about a year ago. I don't like it and neither do some of my friends. The layout sucks and their stuff is a little ugly. |
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| Author: | Chet Coppock's Fur Coat [ Wed Aug 17, 2022 4:39 pm ] |
| Post subject: | Re: Ask DENI$ |
Spaulding wrote: Target changed brands and redid stores about a year ago. I don't like it and neither do some of my friends. The layout sucks and their stuff is a little ugly. Yeah, Target has kind of a mediocre selection near me. It still has the mini-grocery like a 1960s Centrella, the clothing is very meh, and the only thing they beat Walmart in is kitchen stuff. Walmart's clothing isn't anything to write home about, but I can find enough basic stuff and they are better at carrying extended sizes. |
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| Author: | OscarTangoEcho [ Wed Aug 17, 2022 4:51 pm ] |
| Post subject: | Re: Ask DENI$ |
Maybe you could explain this to me. I've never understood the success and growth of Walgreens. At at time (IDK 15 years ago) when traditional retail was dying they built a bunch of brick and motar stores. They're gig was pharmaceutical, but the big box stores jumped into the same waters with seemingly more leverage. How have they been able to grow (or at least sustain)? I'll hang up and listen for your answer. |
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| Author: | Seacrest [ Wed Aug 17, 2022 5:01 pm ] |
| Post subject: | Re: Ask DENI$ |
OscarTangoEcho wrote: Maybe you could explain this to me. I've never understood the success and growth of Walgreens. At at time (IDK 15 years ago) when traditional retail was dying they built a bunch of brick and motar stores. They're gig was pharmaceutical, but the big box stores jumped into the same waters with seemingly more leverage. How have they been able to grow (or at least sustain)? I'll hang up and listen for your answer. Very familiar with their original business model, and it was amazingly simple. Build stores near a population that is nearing or past the age of 51. |
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| Author: | Ogie Oglethorpe [ Wed Aug 17, 2022 9:09 pm ] |
| Post subject: | Re: Ask DENI$ |
Dr. Kenneth Noisewater wrote: Feels like Target is taking the opportunity to blame the market to flow-through a bunch of bad assets and previously deferred losses to blame it on the economy. Doesn't make a lot of sense that Walmart is OK but Target isn't. Is anybody saying "I'm not going to Target, that's too expensive, let's go to Walmart"? I think Target is taking a loss cycle for tax purposes and will show huge gains when needed, probably Q1. That's actually what is happening based upon Walmart's quarterly report 2 days ago. 75% of their gain in market share has been among those earning 6 figures. |
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| Author: | Spaulding [ Wed Aug 17, 2022 10:37 pm ] |
| Post subject: | Re: Ask DENI$ |
Chet Coppock's Fur Coat wrote: Yeah, Target has kind of a mediocre selection near me. It still has the mini-grocery like a 1960s Centrella, the clothing is very meh, and the only thing they beat Walmart in is kitchen stuff. Walmart's clothing isn't anything to write home about, but I can find enough basic stuff and they are better at carrying extended sizes. Unless they are in a fancy area Target meat/produce grocery sucks. Shelf and frozen is generally fine. Walmart and target clothes are crap...but if it's cute, nondescript, or super cheap it's fine. Target lost that so they lost what gets most people like me into the store. I don't understand what they did or why they did it. In the middle of the sections of the store they have these odd floating random displays with products too. They set it up so I'm suppose to wander to find more to buy but I can't find what I want and I don't like what they have to offer. They changed brands too. I don't shop there. So weird. |
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| Author: | Zippy-The-Pinhead [ Wed Aug 17, 2022 11:02 pm ] |
| Post subject: | Re: Ask DENI$ |
Seacrest wrote: denisdman wrote: Thoughts on Bed, Bath and Beyond Deni$? |
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| Author: | a retard [ Thu Aug 18, 2022 6:45 am ] |
| Post subject: | Re: Ask DENI$ |
Current 3M exchange offer: Participate or pass? Deadline, August 29. |
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| Author: | Clawmaster [ Thu Aug 18, 2022 8:04 am ] |
| Post subject: | Re: Ask DENI$ |
Seacrest wrote: OscarTangoEcho wrote: Maybe you could explain this to me. I've never understood the success and growth of Walgreens. At at time (IDK 15 years ago) when traditional retail was dying they built a bunch of brick and motar stores. They're gig was pharmaceutical, but the big box stores jumped into the same waters with seemingly more leverage. How have they been able to grow (or at least sustain)? I'll hang up and listen for your answer. Very familiar with their original business model, and it was amazingly simple. Build stores near a population that is nearing or past the age of 51. Started seeing people lined up at the ATM inside my local Walgreens..watched for a bit and noticed they were all zombie looking druggies that had just donated plasma at the new plasma place up the street, they apparently get a debit card that is loaded with the money they get for donating. Nice little side business for Walgreens, they get the ATM fee, and then the goofs usually buy chips or cigarettes for after they score whatever drugs they will be buying as soon as they can find a dealer, but annoying as hell for anyone picking up scripts or supplements. They make tons of money on marked up snacky type stuff that people in cities pop in and buy all the time rather than actually going to a grocery store and buying stuff you can cook. Notice this all the time while carefully navigating through certain parts of the armpit known as Rockford, then read all the local hand wringing about "Food Deserts", and wonder how all my family that grew up in small towns ever survived when the closest grocery store was 5 miles away, but the brutally honest fact is that most of the goofs buying bags of chips at Walgreens on 20th street in Rockford never would buy fresh fruits or veggies if the build a grocery store right next store. |
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| Author: | vitoscotti [ Thu Aug 18, 2022 8:26 am ] |
| Post subject: | Re: Ask DENI$ |
Quote: but never would buy fresh fruits or veggies if the build a grocery store right next store https://youtu.be/F4PZXuk3TsM |
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| Author: | NWsider4-3-3 [ Thu Aug 18, 2022 10:02 am ] |
| Post subject: | Re: Ask DENI$ |
first two years of h.s., took the green limousine to school. carnation instant breakfast for me and then the bus stop. half the bus was eating doritos and drinking cokes at 705 am. stroke candidates at age 47? |
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| Author: | Zippy-The-Pinhead [ Thu Aug 18, 2022 10:58 am ] |
| Post subject: | Re: Ask DENI$ |
NWsider4-3-3 wrote: first two years of h.s., took the green limousine to school. carnation instant breakfast for me and then the bus stop. half the bus was eating doritos and drinking cokes at 705 am. stroke candidates at age 47? I’m guessing most of us that are over 50 grew up eating sugary cereal so I’m not sure Doritos are any worse. My mom probably thought she was helping me eat healthier by switching from Quisp to King Vitamin
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| Author: | NWsider4-3-3 [ Thu Aug 18, 2022 11:04 am ] |
| Post subject: | Re: Ask DENI$ |
i was probably 13 when i gave up on cap'n crunch and went with the quicker carnation instant breakfast. it had to be a time issue. .40 cents with a cta student bus pass. the good ole days. |
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| Author: | Bagels [ Thu Aug 18, 2022 12:51 pm ] |
| Post subject: | Re: Ask DENI$ |
DENI$, how much do you tip a chambermaid ? |
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| Author: | Tall Midget [ Thu Aug 18, 2022 12:56 pm ] |
| Post subject: | Re: Ask DENI$ |
Did you place in the state wrestling tournament for Conant? |
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| Author: | denisdman [ Thu Aug 18, 2022 1:04 pm ] |
| Post subject: | Re: Ask DENI$ |
Tall Midget wrote: Did you place in the state wrestling tournament for Conant? No, I lost in sectionals at 160. It was the year of John Kading and Jevon Herman, both at my sectional. Although admittedly I lost to some guy from Naperville North. We have five people place in state from Conant that year. We were easily one of the top public programs. I was a solid wrestler but a distinct notch below the guys that were destined for a Big Ten school. My biggest issue is I should have been at 145, but the guy there placed second in state. I could beat the 152 guy, but he had no chance at 160. |
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| Author: | denisdman [ Thu Aug 18, 2022 1:05 pm ] |
| Post subject: | Re: Ask DENI$ |
Bagels wrote: DENI$, how much do you tip a chambermaid ? Well duh, I only give her the tip, so maybe two inches. |
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| Author: | denisdman [ Thu Aug 18, 2022 1:06 pm ] |
| Post subject: | Re: Ask DENI$ |
Seacrest wrote: denisdman wrote: Caller Bob wrote: Not that big of deal, sales are still steady they just had to write off inventory, this is likely an accounting play. Yes this is the correct answer. Comps and total sales were up. They took a lot mark downs and wrote down inventory. Nothing to worry about long term. Thoughts on Bed, Bath and Beyond Deni$? If you were going to do anything, I would buy put options. Unless they have a recap I think bankruptcy is the most likely option. You cannot short the stock because of the meme craze. |
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