Kimberry Pitt
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Will Target Announce Weak Earning Too?

Target Crop. (TGT) will report earning before market open tomorrow. People already feel that Target will announce lower profit in this second quarter as same as other retail store like Walmart, Macy's, Saks and Kohl's Inc. that all reported weak sale.  The consumer was concern about gas price and high tax so shoppers have been watching their expenses. Back to school sale doesn't look that good this quarter too so it might hurt its earning. Target is trying to expand its product. It offers more selection of food and also promoted the 5% discount for shopper that use target's credit cards. It's also doing the partnership with new designers and hope to catch more shopper. I have a feeling that it will be a miss earning for Target too. Since economy is weak and people don't want to shop but save.