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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Target: Equally cheap and low-quality as Wal-Mart in a manner that is undetectable by women.

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Not that big of deal, sales are still steady they just had to write off inventory, this is likely an accounting play.

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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You know me like that.

Walmart has similar inventory problems from what I'm hearing.

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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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Hawaii (fuck) You

All these big companies, they write off everything!

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Accounting rules..

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Hawaii (fuck) You

Check out: Uneducated Economist on the YouTubes. He went over this about a month ago.

Thoughts on Bed, Bath and Beyond Deni$?

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I'm not Deni$ but they need to make their Nespresso pods more available.

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You know me like that.

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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"When people want their version of the truth, they go find it, no matter how baseless their beliefs." -- Ken Rosenthal

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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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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“When I walked in this morning, and saw the flag was at half mast, I thought 'alright another bureaucrat ate it.'" - Ron Swanson

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.

This sounds like the title of a self-help book by Mrs. Dman.

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“Mr. Trump is unfit for our nation’s highest office.”- JD Vance
“My god, what an !diot.”- JD Vance tweet on Trump
“I’m a ‘Never Trump’ guy”- JD Vance

Current 3M exchange offer: Participate or pass? Deadline, August 29.

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"I honestly don't see a good bet on the board here."

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.

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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“Mr. Trump is unfit for our nation’s highest office.”- JD Vance
“My god, what an !diot.”- JD Vance tweet on Trump
“I’m a ‘Never Trump’ guy”- JD Vance

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.

DENI$, how much do you tip a chambermaid ?

Did you place in the state wrestling tournament for Conant?

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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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Hawaii (fuck) You

Well duh, I only give her the tip, so maybe two inches.

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Hawaii (fuck) You

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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Hawaii (fuck) You