Tuesday, February 28, 2017

Lowering prices

Target's CEO says they are now going to lower prices. Will it be too late? Walmart figured that out a long time ago, and has crushed Target and JCPenney, as well as grocers. In the city where I lived and worked before moving to New Mexico, there were always lots of cars in the huge Walmart parking lot. One block away sat Target, where you could always find a parking space up close. Penney was in a fancy mall. The Denver Bronco tee shirt that sold for $30 at Walmart could be had at Penney for $100!

Today's Wall Street Journal has stories about how Trump's idea to tax products coming across the border could have devastating effects on Target and Best Buy. I would think that would apply to Walmart and JCPenney, too.

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