For the full year, Target now sees EPS of $5.00 to $5.10, compared with prior guidance of $5.10 to $5.30. find hereThis is quite surprising because back in October 2016 economists were predicting strong retail sales for the industry according to this Deloitte Survey : “Economic forecasts signal another strong holiday season for US retailers, with an improved labor market and slight rise in disposable income driving a projected increase in 2016 holiday spending on par with 2015 growth. Results from this year’s edition of the annual Deloitte Holiday Survey point in a similar, optimistic direction: Total 2016 holiday sales are expected to exceed $1 trillion, representing a 3.6-4.0 percent increase in holiday sales from November through January. Consumers remain positive about the US economy and continue to report improved personal financial situations. But 2016 will be far from business as usual for the nation’s retailers. This year, online channels are poised to make holiday history. According to Deloitte’s survey, the average holiday shopper will buy 14 gifts this season, and more consumers plan to shop online for gifts than ever before. And perhaps more importantly, shoppers anticipate spending just as much online as they do in stores this year- representing a significant milestone in holiday purchase behavior.” From Target’s updated guidance it seems that shoppers did indeed spend just as much time shopping online as they did in the stores, as Target’s CEO Brian Cornell cited that early holiday season softness and weak store traffic was partially offset by +40% growth in digital sales. Until we see the actual results from major online retailer Amazon (NASDAQ: AMZN ) when the company reports in the last week of January, we will not know the full impact that online shopping had on the bricks and mortar store sector.
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Marvin Lewis (Getty Images) The positive results from the initiative will be a cornerstone of Tagliabues case for the Hall of Fame,which will be presented to voters Feb. 4 in Houston. Previously rejected as a modern-era candidate, Tagliabue is being introduced under the contributor category. Tagliabue would still need to receive at least 80 percent of the vote to get elected. MORE: Lynn forgets Chargers moved to Los Angeles During a Tuesday night interview with co-host Bill Polian and me on SiriusXM NFL Radio, Tagliabue shared his memories on the rule’s origins and its subsequent impact on the NFL and beyond. It was a culmination of a lot of work by many people, including Dennis Green, Tony Dungy and Romeo Crennel. These coaches were really forces for equality of opportunity. It was not about affirmative action. It was about merit being recognized. Go back to 1998. Those coaches and others came to the league office and met with me and (former Giants general manager) George Young, who was working in the league office at that time. We tried to analyze what could be done to get more minority coaching opportunities in the league, not just at the head coaching position.
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