Target Faces These Mounting Pressures Heading into Holidays

Anticipating Black Friday, Target (NYSE:TGT) is sweating to revamp its new website, hoping to avoid a crash similar to the one that occurred in September during the launch of the Missoni clothing brand—a website overload that had many consumers and investors enraged.

Target (NYSE:TGT), whose now independent website was once run by Amazon.com (NASDAQ:AMZN), has investors worried that they won’t be able to handle the onslaught of sales that Black Friday will bring, which could lead to another disaster for costumer and investor relations. Companies already waging discount wars include Walmart (NYSE:WMT), Macy’s (NYSE:M), JC Penny’s (NYSE:JCP), The Gap (NYSE:GPS), and Toys R’ Us.

Making tensions worse, Steve Eastman, former head of Target’s e-commerce unit, has left the company for other opportunities, and the company’s CFO and chief marketing officers have announced that they’re doing the same.

Yet Target is confident in their ability to handle Black Friday. Executive Vice President Kathy Tesija said during the company’s Third Quarter earnings conference call “On Target.com (NYSE:TGT), Missoni demand created online traffic that outpaced any Black Friday or Cyber Monday in our history, putting a great deal of stress on our newly launched online platform. While we didn’t anticipate putting our new site through such a dramatic test at such a young age, we are quickly moving forward to make improvements, applying what we’ve learned from the experience to implement hundreds of fixes that will elevate the guest experience and enhance stability.”

Here’s how these stocks are trading:

  • Target Corp. (NYSE:TGT): TGT shares recently traded at $53.00, up $0.36, or 0.68%. Its market capitalization is $35.79 billion. They have traded in a 52-week range of $45.28 to $60.97. Volume today was 6,125,043 shares versus a 3-month average volume of 6,740,840 shares. The company’s trailing P/E is 12.59, while trailing earnings are $4.21 per share. The company pays a dividend of $1.20 per share for a dividend yield of 2.30%. About the company: Target Corporation operates general merchandise discount stores in the United States. The Company’s merchandising operations include general merchandise and food discount stores and a fully integrated online business. Target also offers credit to qualified applicants through its branded proprietary credit cards. Get the most recent company news and stock data here >>
  • Amazon.com Inc. (NASDAQ:AMZN): AMZN shares recently traded at $197.14, down $7.38, or 3.61%. Its market capitalization is $89.65 billion. They have traded in a 52-week range of $160.59 to $246.71. Volume today was 8,438,477 shares versus a 3-month average volume of 6,719,680 shares. The company’s trailing P/E is 103.92, while trailing earnings are $1.90 per share. About the company: Amazon.com, Inc. is an online retailer that offers a wide range of products. The Company’s products include books, music, videotapes, computers, electronics, home and garden, and numerous other products. Amazon offers personalized shopping services, Web-based credit card payment, and direct shipping to customers. Get the most recent company news and stock data here >>
  • Wal-Mart Stores Inc. (NYSE:WMT): WMT shares recently traded at $57.23, up $0.5, or 0.88%. Its market capitalization is $197.16 billion. They have traded in a 52-week range of $48.31 to $59.40. Volume today was 8,982,262 shares versus a 3-month average volume of 12,675,300 shares. The company’s trailing P/E is 12.11, while trailing earnings are $4.72 per share. The company pays a dividend of $1.46 per share for a dividend yield of 2.60%. About the company: Wal-Mart Stores, Inc. operates discount stores, supercenters, and neighborhood markets. The Company’s discount stores and supercenters offer merchandise such as apparel, housewares, small appliances, electronics, and hardware. Walmart’s markets offer a full-line supermarket and a limited assortment of general merchandise. The Company operates nationally and internationally. Get the most recent company news and stock data here >>
  • Macy’s, Inc. (NYSE:M): M shares recently traded at $30.36, down $0.06, or 0.2%. Its market capitalization is $12.77 billion. They have traded in a 52-week range of $21.69 to $32.67. Volume today was 4,916,256 shares versus a 3-month average volume of 9,242,140 shares. The company’s trailing P/E is 11.13, while trailing earnings are $2.73 per share. The company pays a dividend of $0.40 per share for a dividend yield of 1.30%. About the company: Macy’s, Inc. operates department stores in the United States. The Company also operates direct mail catalog and electronic commerce subsidiaries. Macy’s retail stores sell a wide range of merchandise, including men’s, women’s and children’s apparel and accessories, cosmetics, home furnishings and other consumer goods. Get the most recent company news and stock data here >>
  • J. C. Penney Company, Inc. (NYSE:JCP): JCP shares recently traded at $31.57, down $0.1, or 0.32%. Its market capitalization is $6.73 billion. They have traded in a 52-week range of $23.44 to $41.00. Volume today was 2,981,603 shares versus a 3-month average volume of 5,712,730 shares. The company’s trailing P/E is 34.47, while trailing earnings are $0.92 per share. The company pays a dividend of $0.80 per share for a dividend yield of 2.50%. About the company: J.C. Penney Company, Inc., through a subsidiary, operates department stores in the United States and Puerto Rico. The Company provides merchandise and services to consumers through department stores, catalog departments, and the Internet. JCPenney markets primarily family apparel, jewelry, shoes, accessories, and home furnishings. Get the most recent company news and stock data here >>
  • Gap Inc. (NYSE:GPS): GPS shares recently traded at $18.76, down $0.49, or 2.55%. Its market capitalization is $9.57 billion. They have traded in a 52-week range of $15.08 to $23.73. Volume today was 13,065,180 shares versus a 3-month average volume of 7,206,950 shares. The company’s trailing P/E is 10.23, while trailing earnings are $1.83 per share. The company pays a dividend of $0.45 per share for a dividend yield of 2.40%. About the company: The Gap, Inc., is an international specialty retailer operating retail and outlet stores. The Company sells casual apparel, accessories and personal care products for men, women, and children. The Gap operates stores in the United States, Canada, the United Kingdom, France, Ireland, and Japan. Get the most recent company news and stock data here >>

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