Target is in trouble. And while it's easy to get lost in the company's recent (poor) handling of American culture war narratives that cast it as too woke or too willing to cave to online fascists, the root of Target's problems runs deep. Don't get me wrong the massive consumer boycotts from Black organizers have done damage. And there are probably folks on the far right who think even Target's toned-down, overwhelmingly beige Pride merch this year was still too loud.
"Everybody was front running tariffs. They were basically buying things at a discount to their future cost," said Dryden Pence, chief investment officer of Pence Capital Management.
Lamar Stewart, a 32-year-old collector who estimates he owns over 100 pairs of shoes, noted, 'When they have a lot of stock, people aren't feeding into it.' He observed that certain drops, like the University of North Carolina Jordan 1, had too much inventory, leading to disappointment among sneakerheads.