meta_pixel
Tapesearch Logo
Log in
Today, Explained

Target misses the mark

Today, Explained

Vox

Daily News, Politics, News

4.4 • 9.5K Ratings

🗓️ 9 December 2024

⏱️ 30 minutes

🧾️ Download transcript

Summary

As Target struggles to retain its customers, rivals like Walmart are making gains. The Wall Street Journal’s Sarah Nassauer explains what’s behind this retail shift. This episode was produced by Amanda Lewellyn, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Patrick Boyd and Rob Byers, and hosted by Noel King. Transcript at vox.com/today-explained-podcast Support Today, Explained by becoming a Vox Member today: http://www.vox.com/members Empty shopping carts at a Target store in Chicago. Photo by KAMIL KRZACZYNSKI/AFP via Getty Images. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Ladies and gentlemen, thank you for standing by. Welcome to the Target Corporation third quarter

0:08.3

earnings release conference call. The next 68 minutes of that call in November were a mess. Oh sure,

0:14.7

Target CEO talked about having confidence in our proven long-term strategy, but the company's

0:20.7

earnings had missed their mark,

0:22.3

their target, if you will. Americans seem to have fallen out of love with Tarje.

0:26.4

They've just haven't seen their sales, you know, bounce back at all from sort of the post-COVID

0:33.7

era.

0:36.1

But why?

0:43.0

Well, on another November earnings call just across town, not literally, Walmart CEO Doug McMillan was gloating.

0:45.8

All three segments of our business performed well.

0:48.6

Sales for Walmart International grew 12.4% in constant currency.

0:53.1

Coming up on today explained, Retail Wars, how Walmart ate into Target's business.

0:59.6

Hey, everybody. I'm Ashley C. Ford, and I'm the host of Into the Mix, a Ben and Jerry's

1:05.9

podcast about joy and justice, produced with Vox Creative. And in our new miniseries, we're talking about voter fraud.

1:14.5

For years now, former President Donald Trump has made it a key talking point,

1:19.1

despite there being no evidence of widespread fraud.

1:22.6

But what impact do claims like these have on ordinary voters?

1:27.3

People like Olivia Coley Pearson, a civil servant in Douglas, Georgia, who was arrested for voter fraud because she showed a first-time voter how the voting machines worked.

1:37.8

Hear how she fought back on the latest episode of Into the Mix.

1:41.8

Subscribe now, wherever you listen.

1:45.8

Support for this podcast comes from Shopify.

1:48.7

Companies need sustainable sales to thrive.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Vox, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Vox and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.