A new survey finds that customer satisfaction has plunged as retail giant Target continues to struggle to recover from its now one-year-old financial slide.
Target has gone four full quarters slipping in a variety of metrics from profits, stock prices, and even perception of its brand name. But a new survey by investment bank Cowen has also found that customer satisfaction has also tumbled.
The survey of 2,500 Target customers shows declines across the board, including customer service, merchandise selection, and overall quality. According to the survey, Target’s satisfaction level has fallen 383 points to 66.7 percent, MSN Money reported.
As MSN ruefully noted, “It appears unhappy Target shoppers could be taking their business elsewhere.”
Meanwhile, the company’s fortunes continue to decline.
President Donald Trump described the first day of his overseas trip in Saudi Arabia as “a tremendous day” — referring to billions in investments — in his first remarks at the top of one of several bilateral meetings.
Trump’s first remarks to reporters on Saturday included:
That was a tremendous day. I just want to thank everybody. But tremendous investments in to the United States, and our military community is very happy, and we want to thank you and Saudi Arabia. But hundreds of billions of dollars of investments into the United States and jobs, jobs, jobs.
During a signing ceremony, the U.S. President signed a joint vision statement, private sector agreements, and defense cooperation agreements with Saudi Arabia. The defense agreements are worth $110 billion Find Out More…
The latest round of mass layoffs for cereal maker Kellogg’s has hit Kansas City, where nearly 200 workers will lose their jobs, the company says.
The layoffs of 185 workers are part of a program euphemistically labeled “Special K,” a scaling back of distribution centers all across the country, the Kansas City Business Journalreported.
“As the distribution shifts from our network to our retailers’ networks, so too will the work,” Kellogg’s spokesman Kris Charles said, adding:
We’ve been actively engaged in conversations with some of our biggest retail partners who have expressed strong interest in hiring these employees for high-demand roles once the transition is complete. As a result, we are optimistic that our employees will find similar employment once this transition is Find Out More…
As the whole of the old media establishment talks daily about unproven claims that Donald Trump colluded with the Russians to get elected, a bigger story has quietly been unfolding, and now it can be reported that in this new age of Trump, the unemployment numbers have fallen to a 28-year low.
The boom has fallen on another 216 employees of cereal giant Kellogg Company with workers in Minnesota being handed pink slips at a snack food manufacturing facility.
Up to 216 workers at the Kellogg plant in Vadnais Heights, Minnesota, were notified last week that their jobs were on the chopping block as part of the company’s plan to reverse its financial freefall, according to CBS news.
Jeremy Hanson Willis, deputy commissioner of Minnesota’s Department of Employment and Economic Development, told the media that he received the company’s notification satisfying a federal mandate to alert state authorities when a mass layoff is occurring.
Willis tried to put a brave face on it insisting the laid off workers will be fine.
Troubled cereal giant Kellogg’s is continuing its reductions by shedding almost 300 more jobs, this time at facilities in New York.
A new round of layoffs was announced this week for New York, revealing that 278 employees will be losing their jobs at facilities in Batavia, North Syracuse, Johnson City, Binghamton, and Schenectady, the Democrat & Chronicle reported.
The layoffs at the Batavia trucking station is part of the mass layoffs announced this year in a move meant to staunch the financial bleeding the company has experienced the last few years.
The re-tooling plan resulted in the $53 million fourth-quarter loss reported by the cereal maker and is expected to include the closure of 39 distribution centers affecting roughly 1,100 workers across the country.
The Washington Post is drumming up hysteria over an American labor shortage if the H-2B foreign guest worker visa is limited by the Trump Administration, despite no evidence indicating a crunch.
In a piece chronicling a low-skilled worker in the U.S. on an H-2B visa, the Post pleads for the expansion of the program, with language already in a House-passed omnibus spending bill that would do the same.
The H-2B visa brings more than 66,000 foreign nationals to the U.S. for low-skilled, nonagricultural jobs each year. The visa impacts the working-class and poor most in the hospitality industry, entertainment venues, retail, and restaurants. More than half a million jobs in the U.S. have been Find Out More…
The American job creation machine was re-ignited in April after a disappointing March. Payrolls grew by 211,000 jobs in the months and unemployment fell to 4.4 percent, the lowest since May 2007.
The consensus forecast of economists was for job growth of 185,000 and for a slight increase in unemployment.
A broader measure of unemployment known as U-6, which includes people not actively looking for jobs as well as workers who can only find part-time jobs, fell to 8.6 percent from 8.9 percent in March, the lowest level since November 2007. Somewhat strangely, the decline in unemployment and rise in job creation was accompanied by a tick downward in the labor force participation rate to 62.9 percent.
Young technician checking solar panels on factory roof
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The jobs reports would have us believe our rebound from the recession is almost complete. The reality is very different. The Economist has some fancy words for it: “Job polarization,” in which middle-skill jobs decline while low-skill and high-skill jobs increase and the workforce “bifurcates” Find Out More…