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  • rayk1800 rayk1800 Dec 15, 2002 5:28 PM Flag

    Barron's Feature Article


    If you listened to the Target's conference call about a month ago, sell side analyst's tried to make a big deal about the credit card operations. Management told them their logic was flawed and they didn't know what they were talking about. Target issued credit cards primarily to people that held Target corporate cards already and were current on their payments. Target doesn't issues cards like banks do and maintains a much higher credit quality customer.

    Kohl's growth rate will slow down as they get bigger and they compete with Mervyn's not Target.

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