Department store chain Target had its stock get hammered after reporting poor sales and announcing that they lost $400 million because of shoplifting.
$TGT shares are down nearly 33% for the stock's peak in mid-April, and almost 13% this afternoon. On a Q3 earnings call this morning, Target cited "organized retail crime" has driven $400 million in extra profit loss for the retailer this year.
👀 https://t.co/EHPam6cXTX pic.twitter.com/HABNBNdhNh
— Yahoo Finance Plus (@yfinanceplus) November 16, 2022
The economic collapse of America is happening in real time. The stock decline of Target and Amazon are two major indicators of the direction things are going in.
This was all very predictable. The country got shutdown by Democrat politicians over a fake pandemic for around two years, gazillions of dollars were printed and they proceeded to start a war with Russia.
What other outcome could there possibly have been besides an economic collapse?
