- Joined
- Jan 16, 2019
- Messages
- 4
well, sales comp is fine, but we are talking same store sales. In 2007, we opened 6 new stores within two years in our district. I watched growth of new stores, roughly we were opening 200 new stores yearly nation wide. For the last two years I worked, that figure was zero new stores ( yes, I know about the remodels ). New stores are often in new developments, new population growth. Spot has been flat on that, they don't have the money for new big box stores and haven't. The data breach was a massive hit, the transgender stance was as well. We had protestors out front at my last store.
Target Canada was something like a $6 billion hit. The whole project was doomed from day one because of idiotic planning at HQ. Sears and Canadian Tire knew our exact addresses and spent something like $200 million preparing to counter Target before we opened the first store.
They started the small box idea. good idea, but not the same as a 120,000 to 180,000 sq ft store. My last store was a new one, added $30 million in sales where Target had zero presence before. I opened two of the three stores I worked. The first was in 2003, that area has exploded, one of the top population growth areas in America.
I saw stock price in the $55 range in 2003, it sank to around $24 in 2009 when I bought in. Sold out before the data breach scandal.
I knew the VP that walked out with no notice. It was never publicly announced, I saw where that person went to work for a few months later, just googled his name.
I know much, much more than I am going to get into here. I was just trying to suggest that all look out for yourselves.
Target Canada was something like a $6 billion hit. The whole project was doomed from day one because of idiotic planning at HQ. Sears and Canadian Tire knew our exact addresses and spent something like $200 million preparing to counter Target before we opened the first store.
They started the small box idea. good idea, but not the same as a 120,000 to 180,000 sq ft store. My last store was a new one, added $30 million in sales where Target had zero presence before. I opened two of the three stores I worked. The first was in 2003, that area has exploded, one of the top population growth areas in America.
I saw stock price in the $55 range in 2003, it sank to around $24 in 2009 when I bought in. Sold out before the data breach scandal.
I knew the VP that walked out with no notice. It was never publicly announced, I saw where that person went to work for a few months later, just googled his name.
I know much, much more than I am going to get into here. I was just trying to suggest that all look out for yourselves.