Targets Annual Report from Brian Cornell, Chairman and CEO.
Target has been building their team from the inside out. Focusing on family and culture is what they value the most. According to Cornell, “we’ll keep growing because we’ve invested in the team, strategy and capabilities to do what’s at the very heart of our company culture.”
He is positive with his shareholders that during COVID-19, Target had the most growth they’ve ever had.
“In 2021, we grew comparable sales by 12.7%, on top of record growth in 2020.”
The re-modeling of their stores has enabled Target to change their marketing, culture, and feeling internally and externally. With the growth of the stores, the shareholders will be pleased with the investments they have made with us. Target will continue to invest back into the shareholders through store improvements and company culture.
Morningside is home to the two time GPAC Player of the Week, Wade Canaday. Wade plays baseball and loves every moment he is on the field.
Off the field he is an academic weapon. In his advertising class, he is working with the Oscar Carl Winery in Sioux City, on their marketing campaigns. He is in charge of “helping the company with strategies for promotion and content creation.”
Wade’s leadership skills in the classroom are an attonement to his high school baseball coach. I asked Wade who the most influencial person in his life and he responded with “Coach Steve Hanson.” This is what Wade had to say about Hanson.
“He pushed me and he would chew me out when I did bad. he knew that I could handle the tough conversations. He still keeps in contact with me and the best thing he did for me was last year. We played Hastings College and he drone three and a half hours to watch me pitch. He sat right behind home plate and took two pages of notes. Steve gave it to me and that meant a lot, seeing him proud of me, and still coaching me after all these years.”
The part of the paper that I put the most effort into was the research. I love Peleton and to hear what was happening with the company was socking to me. I wish I spent more time on the in depth analysis of the situation. I read over what was going on but I think I could have dug a bit deeper into the situation.
The most difficult part of this paper was organizing my thoughts on paper. I always seem to struggle with this but I am improving and working on being better at this.
The biggest problem that I encountered while writing this paper was trying to get the links put into my word press site. I never did fix this issue but I figured out how to embed the files to make it easier to view my sources.
I met some interesting characters today. The first individual was named Marone. He is a Brazilian soccer player and came to the US for an opportunity in college.
His favorite movie is Shutter Island staring Leonardo DiCaprio. He doesn’t follow movie quotes a lot but he enjoys listening to motivational speakers and interacting with soccer players.
Unfortunately, when I asked him what he had in his pockets there was no pocket lint. Instead he pulled out his phone, wallet, headphones, and some chapstick.
The second person I talked to was named Josey. She is a junior at Morningside and is on the swim team. Her favorite tv show at the moment is the prequel to Game of Thrones called ‘House of Dragons’. She didn’t have a quote from this show but instead she loves a quote form the movie ‘UP’. “The wilderness must be explored!” she stated. I laughed because it is a very famous quote now.
I commented on her jeans and asked if she had anything in them of value. She took out her phone, wallet, and keys. I then said, “Is there any pocket lint in there?” She didn’t know how to react to this statement, but laughed and reached back in and pulled out a string from her back pocket.
We then proceeded to talk about her major and the Mass Com Department. She is studying journalism and says that she loves Ross’ class.
Suspected arson fire on horse stable leaving 15 horses dead.
Around four o’clock this morning, one day before the opening of racing season, a fire erupted inside the stables hosting 25 horses. Ten horses did escape.
One of the jockeys that was on site mourned the horses stating, “That’s my best friends.” and “I love horses more than I do people. I feel like I want to cry.”
Jim Connery, fire chief, had this to say. “The fire exploded near the center of the barn. Flames were shooting out of the building when we got here. The fire is definitely suspicious.”
Riding a bike was so fun as a child. We never thought of it as a workout or something we had to do. We just did it. As you’re an adult now you might have heard of Peloton. The stationary bike that allows your to interactively ride anywhere in the world. They are now facing a $1.2 Billion loss in their past quarter of 2022.
For Peloton what does this mean? Both of their founders, John Foley and Hisao Kushi, have put in their resignation letters to the board. The New York Times informed us that John loves Peloton and that he will continue to use the product. He loved his time working at Peloton.
During COVID, Peloton exploded. They had their highest sales and their best year in the stock market. The issue that arose was the supply chain. Since people had such a high demand for the bikes at home, Peloton had increased their production. However, when people started to go back to gyms, Peloton had a lot of inventory that was sitting around. People also stopped using the bikes which meant no recurring revenue.
According to their website, you can pay $39 per month to use the bike with their workout programs and instruction. This small amount of money compared to a gym membership is do-able for some people. However, $1.2 Billion of loss in a quarter is what is causing Peloton to ride downhill. According to Yahoo Finance, COVID enabled their stock to reach $167 per share. Now the stock is trading at $11 per share.
Peloton is bringing new members onto the board and shifting their teams to attempt to make a change for their customers.
5 people killed in plane crash with Backwater State University professors narrowly escaping injury. Associate professor of rural sociology John Dumont and associate professor of English George Johnson, both from Backwater State University were returning Thursday night from separate conferences in New York City.
45 passengers and crew members boarded the plane. Then the plane crashed on takeoff at Kennedy International Airport. Five people were killed.
Due to supply chain issues, big companies such as Apple and Google have moved their smartphone production from China to India and Vietnam. This comes after COVID and production had a tremendous decrease over the past two years. The shift is also a response to growing concerns about the geopolitical tensions and pandemic-induced supply chain disruptions that have involved China in the last few years.
This is news becuase it is relevant and impactful to all of us consumers of Apple, Samsung, and Google. These big tech companies are shifting where there product is made which may affect the price and could also affect the features that are capable within the devices. We don’t know yet…
“You’re one decision, one new deal, one relationship, one encounter, one meeting, one podcast, one book, one thought, one new emotion from completely changing your freakin’ life.”
The countries financial stability is seeing a decrease. With that, there are some things that you can do. The first thing that you need to start out with is your goals. Figure out what you as an individual want to do and the direction you want to head in. Then you need to incorporate focus. Focusing on those goals and taking action to achieve them are what bring results. That means you need to dedicate as much time and effort you can to the things that will make your life better.
Because people are afraid of the real estate market right now, you need to be different. Don’t follow them down the rabbit hole. Instead, seek opportunity where others don’t. Understanding the psychological factors in this coming market will allow you to remain calm and come out on top.
Utilizing the power of one more.
When you are trying your best to overcome something or change something about yourself, the power of one more is amazing. Shift your focus to be on achieving one more of something. One more day of sobriety, one more real estate deal, one more family dinner. The longer you keep it up, the easier it becomes with consistency. “When you attach your identity to something external, you’re really risking it.” Become the person you want to be by not following the crowd. Be different and realize that the opportunity of a recession can allow you to do that.
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