Target Employees Petition, J.C. Penny Explains Ethos of Retail
Target Corp. (NYSE:TGT): Target receives petitions with 190,000 signatures from employees protesting the midnight “Black Friday” opening. Target’s HR chief responded, “Our guests have expressed that they would prefer to kick off their holiday shopping by heading out (right) after holiday celebrations.” The customer is always right. Now let’s see if Walmart (NYSE:WMT), Best Buy (NYSE:BBY), Kohl’s (NYSE:KSS), Macy’s (NYSE:M) employees follow suit. TGT shares recently traded at $52.54, down $0.46, or 0.87%. Its market capitalization is $35.48 billion. They have traded in a 52-week range of $45.28 to $60.97. Volume today was 5,908,178 shares versus a 3-month average volume of 6,740,840 shares. The company’s trailing P/E is 12.48, while trailing earnings are $4.21 per share.
J. C. Penney Company, Inc. (NYSE:JCP): J.C. Penney CEO Ron Johnson said Apple’s (NASDAQ:AAPL) store “staff isn’t focused on selling stuff, it’s focused on building relationships and trying to make people’s lives better.” He says retailers should stop trying to copy the details of Apples esthetic and instead ask, “How do we reinvent (our) store to enrich our customers’ lives?” If J.C. Penny can truly bring this philosophy into their stores, they’d have a huge advantage over other department stories. JCP shares recently traded at $31.19, down $0.38, or 1.2%. Its market capitalization is $6.65 billion. They have traded in a 52-week range of $23.44 to $41.00. Volume today was 3,304,288 shares versus a 3-month average volume of 5,712,730 shares. The company’s trailing P/E is 34.05, while trailing earnings are $0.92 per share.