Target Canada's Empty Shelves A Bad Sign



Customers at Target Canada locations have been complaining about low inventory virtually since the first stores opened last spring.

Target first explained away the problem by saying they were dealing with unexpectedly large demand and were struggling to keep up. But as the months rolled on and empty shelves continued to be a problem, people began asking what’s going on.

Market research firm Belus Capital Advisors says it’s not the retailer getting caught by surprise — it’s a sign of “fundamental problems” with Target Canada that could be pointing towards its “extinction.”

Belus Capital admits off the bat that it has a “sell” rating on Target stock — meaning some of its clients probably hold short positions on Target that will make them money if the stock falls. Nonetheless, the photos Belus posted on its blog earlier today are telling, and worrying.

Clearly, the low inventory problem isn’t going away. Check out some of Belus’ pics (visit the Belus Capital blog to see all the pics):


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