Target slides while Wal-Mart soars

Doron's Take:

Wal-Mart continues to post huge profits while Target continues its slide. I guess consumers care more about having the lowest prices than as to how the companies operate in their drive to thrive. How do Wal-Mart's employees feel about their company's record profits?

The Wall Journal reports that Target Corp. posted its fourth consecutive quarterly slide in profit, which fell 24% as strapped shoppers were unswa yed by the retailer's pitches for fashionable apparel and home goods. While Wal-Mart Stores Inc., the nation's largest private employer, is reaping big gains from the souring economy even as consumers cut back, retail chains struggle and thousands lose their jobs.

Will Wal-Mart's success continue?