Motley Fool Money Does Spotify Have A Moat?
Aug 17, 2022
Asit Sharma, a Senior Analyst at Motley Fool, shares insights on Target's staggering 90% profit plunge and discusses the retailer's strategic pivot toward food items. Travis Hoium, a Motley Fool contributor, delves into Spotify's position in the audio market, exploring its competitive edge against giants like Apple and Amazon. They discuss Spotify's innovative model blending subscriptions with ad revenue, the growth potential of non-music content, and the risks associated with their heavy reliance on partnerships and evolving consumer behaviors.
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Target's Inventory Challenge
- Target's Q2 profit dropped by 90% due to inventory clearance.
- Their inventory mix is better, but the total amount didn't change much.
Target Shareholder Expectations
- Have reasonable expectations for Target's turnaround as a shareholder.
- Their Q3 report will show if they are building on their progress.
Shopping Deals at Target
- Consumers should check their local Target for deals.
- Due to Target clearing inventory, there might be deals on items like patio furniture or appliances, especially with back-to-school shopping.