The company needs to invest in the kind of in-store innovations that will improve customer service, much as it did years ago with Target.com. With the economy and retail store weakness to blame for poor sales of big-box retailers, store and inventory improvement initiatives may just be what the retailer needs.
From top to bottom, Target remains a company in need of an overhaul.
Despite the odds, the stock is attractive and inexpensively priced at $55 a share which trade at 15 times its adjusted earnings. Investor confidence will depend on Target's ability to repair the damages. With the right plan, it can return to being the stellar company that once so uniformly captured the average retail consumer's imagination.
C'mon Target, you don't have Gregg Steinhafel to kick around anymore, so what's your next move?
At the time of publication, the author held no positions in any of the stocks mentioned.
This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.