Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Will Target Corporation (TGT)’s Move of Keeping Some Stores Open Late at Night Work Out?

Target Corporation (NYSE:TGT) recently revealed that it will be keeping some of its stores open until midnight. While some on the Street have welcomed this move by Target Corporation (NYSE:TGT), others have rubbished it as a desperate measure. With this move, Target Corporation (NYSE:TGT) has opened the gates for other retailers to follow suit, but will this strategy work out? That was the topic of discussion between Chad Morganlander, Portfolio Manager at Stifel Nicolaus and Scott Martin, Chief Market Strategist at United Advisors on Fox Business on Monday.

Target Corporation (NYSE:TGT)

“It perhaps is a positive move, they are contending with some pretty difficult issues as well as Wal-Mart, the consumer is somewhat lackluster and it’s a bumpy ride in regard to consumption and therein lies the problem that Target Corporation (NYSE:TGT) is having as well as Wal-Mart, we believe that over an extended period of time, 12, 18, 24 months consumption patterns are going to pick up here in the United States,” Morganlander said.

The retail industry as a whole is facing tough times with stagnant sales and reducing margins, the only retailers that are somehow less affected by this seem to be either the online ones or those who cater to a niche or luxurious segments. Morganlander believes that consumption in aggregate has not been good as it is tied to things like employment and wage growth, which in itself is improving, but hasn’t changed significantly. Martin feels that the move by Target Corporation (NYSE:TGT) is not good and even the online arm of the company is not doing well.

“[…] The problem is, if you are in retail, there is just no margins there. The consumer, You, are discerning, you are taking your time, you are finding the best deals out there and so those margins, if you a retailer just aren’t present […],” Martin added.

Disclosure: None

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!