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Despite some continued weakness amid consumers, Genter Capital Management CEO Dan Genter is bullish on Target (TGT). He joins Market Domination to lay out his bull case on the retailer.
"Well, Target really is still a turnaround in our position," Genter tells Yahoo Finance. He explains that one of Target's biggest issues over the last two years has been a "lack of control" over inventory, leading the company to significantly discount items. Now, the company is in a position to initiate fewer markdowns.
In addition, he notes that the company has theft under control, explaining that "the lack of enforcement of theft below $1,000 really hurt them."
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This post was written by Melanie Riehl