The Street -
21 May 2015 05:30
NEW YORK (Real Money Pro) -- Sorry, Target fans, Wal-Mart's horrid start to the year overshadows your latest earnings report. And it deserves closer inspection. Why? Well, first, Wal-Mart represents the U.S. economy. I have long held that the Target shopper is the Nordstrom shopper -- that is, someone from a household with a ranch home, a 401(k) and in excess of $150,000 in annual income. The data would say otherwise, namely that the typical Target shopper rakes in $50,000 but I d...
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