Comment / Target Corp – a year forward, a year lost

ID 115117021 © Andranik Hakobyan | Dreamstime.com

Alongside Walmart, one of the major US importers by teu, $72bn-market-cap Target Corp* (TGT) is a closely watched bellwether for inventory and supply chain matters.

(*Our previous Premium coverage from November, when TGT traded around its current level, is here: ’Target Corp – the supply chain just can’t win…’)

There’s been widespread talk in financial circles that its numbers out this week were better than expected, but on several levels the general merchandise retailer remains in recovery mode.

For the three months ended ...