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Inside Target’s 500 Job Decision | Fast Five shorts · Omni Talk Retail

• 0:00
  Target
• 0:00
  is
• 0:00
  cutting
• 0:01
  about
• 0:01
  500
• 0:01
  rolls
• 0:02
  at
• 0:02
  distribution
• 0:02
  centers
• 0:03
  and
• 0:03
  regional
• 0:03
  offices
• 0:04
  while
• 0:04
  simultaneously
• 0:05
  investing
• 0:06
  more
• 0:06
  money
• 0:06
  into
• 0:06
  frontline
• 0:07
  store
• 0:07
  staffing
• 0:08
  to
• 0:08
  improve
• 0:09
  customer
• 0:09
  experience,
• 0:10
  according
• 0:10
  to
• 0:10
  CNBC.
• 0:11
  Again,
• 0:11
  Target
• 0:12
  is
• 0:12
  eliminating
• 0:13
  around
• 0:13
  100
• 0:13
  positions
• 0:14
  at
• 0:14
  the
• 0:14
  store
• 0:15
  district
• 0:15
  level
• 0:15
  and
• 0:15
  about
• 0:16
  400
• 0:16
  across
• 0:16
  its
• 0:17
  supply
• 0:17
  chain
• 0:17
  site
• 0:18
  while
• 0:18
  redirecting
• 0:19
  those
• 0:19
  resources
• 0:20
  to
• 0:20
  add
• 0:20
  more
• 0:20
  hours
• 0:21
  for
• 0:21
  frontline
• 0:21
  store
• 0:21
  employees.
• 0:22
  The
• 0:22
  big
• 0:22
  box
• 0:23
  retailer
• 0:23
  said
• 0:23
  it's
• 0:24
  making
• 0:24
  changes
• 0:24
  to
• 0:24
  the
• 0:24
  way
• 0:25
  it
• 0:25
  runs
• 0:25
  an
• 0:25
  overseas
• 0:26
  store
• 0:26
  stores
• 0:26
  to
• 0:26
  improve
• 0:27
  the
• 0:27
  customer
• 0:27
  experience,
• 0:28
  a
• 0:28
  top
• 0:28
  goal
• 0:29
  of
• 0:29
  new
• 0:29
  CEO
• 0:29
  Michael
• 0:30
  Fidelke,
• 0:30
  who
• 0:30
  took
• 0:31
  over
• 0:31
  on
• 0:31
  February
• 0:32
  1.
• 0:32
  Target
• 0:33
  is
• 0:33
  reducing
• 0:33
  the
• 0:34
  number
• 0:34
  of
• 0:34
  store
• 0:34
  districts
• 0:35
  to
• 0:35
  streamline
• 0:35
  operations
• 0:36
  and
• 0:36
  putting
• 0:36
  money
• 0:37
  toward
• 0:37
  additional
• 0:38
  labor
• 0:38
  hours
• 0:38
  and
• 0:39
  new
• 0:39
  guest
• 0:39
  experience
• 0:40
  training
• 0:40
  for
• 0:41
  every
• 0:41
  team
• 0:41
  member
• 0:42
  at
• 0:42
  every
• 0:42
  store.
• 0:43
  Joe,
• 0:44
  I'm
• 0:45
  curious,
• 0:45
  how
• 0:45
  meaningful
• 0:46
  do
• 0:46
  you
• 0:46
  think
• 0:46
  Target's
• 0:47
  announcement
• 0:48
  to
• 0:48
  invest
• 0:49
  more
• 0:49
  in
• 0:49
  store
• 0:50
  staffing
• 0:50
  actually
• 0:50
  is?
• 0:53
  Well,
• 0:53
  I
• 0:53
  certainly
• 0:54
  think
• 0:54
  it's
• 0:54
  addressing
• 0:55
  the
• 0:55
  thing
• 0:56
  that
• 0:56
  comes
• 0:57
  up
• 0:57
  the
• 0:57
  most
• 0:57
  when
• 0:57
  people
• 0:59
  critique
• 0:59
  Target's
• 1:01
  current
• 1:02
  performance
• 1:02
  guest
• 1:03
  experience.
• 1:04
  What's
• 1:04
  causing
• 1:04
  the
• 1:04
  most
• 1:05
  problems
• 1:06
  with
• 1:06
  people
• 1:06
  who
• 1:07
  used
• 1:08
  to
• 1:08
  love
• 1:08
  Target
• 1:08
  but
• 1:09
  maybe
• 1:09
  don't
• 1:09
  shop
• 1:09
  there
• 1:10
  as
• 1:10
  often
• 1:10
  anymore
• 1:11
  or
• 1:12
  kind
• 1:12
  of
• 1:12
  used
• 1:12
  to
• 1:12
  go
• 1:12
  to
• 1:12
  Target
• 1:13
  because
• 1:13
  they
• 1:13
  wanted
• 1:13
  to
• 1:14
  and
• 1:14
  now
• 1:14
  kind
• 1:14
  of
• 1:14
  only
• 1:14
  go
• 1:15
  when
• 1:15
  they
• 1:15
  need
• 1:15
  to.
• 1:16
  I
• 1:16
  think
• 1:17
  improving
• 1:17
  that
• 1:19
  frontline
• 1:19
  experience,
• 1:20
  just
• 1:20
  having
• 1:20
  more
• 1:21
  bodies
• 1:21
  in
• 1:21
  stores
• 1:21
  because
• 1:22
  that's
• 1:22
  a
• 1:22
  thing
• 1:22
  that
• 1:22
  robots
• 1:23
  can't
• 1:23
  do
• 1:23
  yet,
• 1:24
  can
• 1:24
  only
• 1:24
  help.
• 1:25
  But
• 1:25
  I
• 1:25
  think
• 1:25
  the,
• 1:26
  the
• 1:26
  proof
• 1:26
  is
• 1:26
  certainly
• 1:27
  going
• 1:27
  to
• 1:27
  be
• 1:27
  in
• 1:27
  the
• 1:27
  execution
• 1:28
  of
• 1:28
  that.
• 1:28
  So
• 1:28
  I
• 1:28
  think,
• 1:28
  I
• 1:28
  think,
• 1:28
  I
• 1:29
  guess
• 1:29
  I
• 1:29
  would
• 1:29
  say
• 1:29
  they're,
• 1:29
  they're
• 1:30
  saying
• 1:30
  the
• 1:30
  right
• 1:30
  thing,
• 1:30
  but
• 1:31
  we're
• 1:31
  going
• 1:31
  to
• 1:31
  have
• 1:31
  to
• 1:31
  see
• 1:31
  how
• 1:32
  that
• 1:32
  manifests.
• 1:32
  It's
• 1:32
  also
• 1:33
  not
• 1:33
  the
• 1:33
  kind
• 1:33
  of
• 1:33
  thing
• 1:33
  you
• 1:33
  can
• 1:34
  change
• 1:34
  overnight,
• 1:34
  especially
• 1:35
  not
• 1:35
  with
• 1:35
  a
• 1:35
  store
• 1:35
  fleet
• 1:36
  as
• 1:36
  big
• 1:36
  as
• 1:36
  theirs
• 1:36
  is.
• 1:37
  And
• 1:37
  so,
• 1:37
  so
• 1:38
  it's
• 1:38
  going
• 1:38
  to
• 1:38
  be
• 1:38
  a,
• 1:39
  a
• 1:39
  big
• 1:39
  gap
• 1:40
  between
• 1:40
  kind
• 1:40
  of,
• 1:40
  kind
• 1:41
  of
• 1:41
  saying
• 1:41
  the
• 1:41
  right
• 1:42
  thing
• 1:42
  now
• 1:42
  and,
• 1:43
  and
• 1:43
  having
• 1:43
  it
• 1:43
  come
• 1:44
  to
• 1:44
  reality,
• 1:44
  you
• 1:45
  know,
• 1:46
  three
• 1:46
  months
• 1:46
  from
• 1:46
  now,
• 1:47
  probably
• 1:48
  at
• 1:48
  the
• 1:48
  soonest.
• 1:49
  So,
• 1:50
  Joe,
• 1:50
  if
• 1:50
  I
• 1:50
  read
• 1:50
  between
• 1:50
  the
• 1:51
  lines.
• 1:51
  So
• 1:51
  you're
• 1:51
  a
• 1:51
  little
• 1:51
  skeptical
• 1:52
  of
• 1:52
  the
• 1:52
  impact
• 1:52
  of
• 1:53
  this
• 1:53
  announcement?
• 1:54
  A
• 1:54
  little
• 1:54
  bit.
• 1:54
  There's
• 1:54
  a
• 1:55
  little
• 1:55
  skepticism
• 1:55
  that
• 1:55
  you're
• 1:56
  viewing.
• 1:56
  This
• 1:56
  announcement
• 1:56
  with,
• 1:57
  I
• 1:57
  guess,
• 1:57
  I
• 1:58
  guess
• 1:58
  a
• 1:58
  little
• 1:58
  bit.
• 1:58
  And
• 1:58
  also
• 1:59
  like
• 1:59
  kind
• 1:59
  of
• 2:00
  there
• 2:00
  needs
• 2:00
  to
• 2:00
  be
• 2:01
  some
• 2:01
  expectation
• 2:01
  setting
• 2:02
  just
• 2:02
  around
• 2:03
  like
• 2:03
  it's
• 2:03
  not
• 2:03
  going
• 2:03
  to
• 2:04
  be
• 2:04
  an
• 2:04
  overnight.
• 2:05
  Suddenly
• 2:06
  the
• 2:06
  shelves
• 2:07
  will
• 2:07
  be
• 2:07
  stocked
• 2:07
  with
• 2:07
  everything
• 2:08
  that
• 2:08
  people
• 2:08
  want
• 2:09
  to
• 2:09
  buy
• 2:09
  and
• 2:09
  it'll
• 2:10
  be
• 2:10
  a
• 2:11
  back
• 2:11
  to
• 2:11
  the,
• 2:12
  the
• 2:12
  Target
• 2:12
  in
• 2:13
  store
• 2:13
  experience
• 2:13
  that
• 2:13
  we
• 2:14
  were
• 2:14
  all
• 2:14
  used
• 2:14
  to
• 2:14
  say
• 2:14
  five
• 2:15
  years
• 2:15
  ago.
• 2:15
  I
• 2:15
  think
• 2:16
  they're
• 2:16
  going
• 2:16
  to
• 2:16
  need
• 2:16
  to
• 2:16
  temper
• 2:17
  expectations
• 2:17
  about
• 2:17
  just
• 2:17
  how
• 2:18
  fast
• 2:18
  they
• 2:18
  can
• 2:19
  execute
• 2:19
  on
• 2:20
  what
• 2:20
  they're
• 2:20
  talking
• 2:20
  about.
• 2:20
  Today,
• 2:22
  especially
• 2:22
  amongst
• 2:22
  the
• 2:22
  leadership
• 2:23
  changes
• 2:23
  they
• 2:23
  just
• 2:23
  announced
• 2:23
  too.
• 2:24
  They've
• 2:24
  got
• 2:24
  a
• 2:24
  lot
• 2:24
  of
• 2:24
  things
• 2:25
  to
• 2:25
  sort
• 2:25
  out
• 2:25
  internally
• 2:26
  now
• 2:26
  as
• 2:26
  well.
• 2:26
  Yeah,
• 2:27
  I
• 2:27
  mean,
• 2:27
  I'll
• 2:28
  go
• 2:28
  a
• 2:28
  little
• 2:29
  heavier
• 2:29
  handed
• 2:29
  on
• 2:29
  this.
• 2:29
  I
• 2:29
  don't
• 2:30
  think
• 2:30
  this
• 2:30
  is
• 2:30
  going
• 2:30
  to
• 2:30
  surprise
• 2:30
  anybody,
• 2:31
  but
• 2:31
  I
• 2:31
  think
• 2:31
  it's
• 2:31
  backed
• 2:32
  up
• 2:32
  by
• 2:32
  the
• 2:32
  math.
• 2:32
  So
• 2:33
  I
• 2:33
  think,
• 2:33
  I
• 2:33
  think
• 2:33
  it's
• 2:34
  smoke
• 2:34
  and
• 2:34
  mirrors
• 2:34
  as
• 2:35
  a
• 2:35
  PR
• 2:35
  announcement
• 2:36
  and
• 2:36
  they're
• 2:36
  the.
• 2:36
  And
• 2:36
  it's
• 2:37
  smoking
• 2:37
  mirrors
• 2:37
  from
• 2:37
  the
• 2:37
  master
• 2:38
  of
• 2:38
  PR
• 2:38
  smoke
• 2:39
  and
• 2:39
  mirrors,
• 2:39
  which
• 2:39
  is
• 2:39
  Target
• 2:40
  said
• 2:41
  you
• 2:41
  do
• 2:41
  the
• 2:41
  math
• 2:41
  on
• 2:41
  this.
• 2:42
  The
• 2:42
  article
• 2:43
  states
• 2:43
  very
• 2:43
  clearly
• 2:44
  that
• 2:44
  the
• 2:44
  average
• 2:44
  pay
• 2:45
  rate
• 2:45
  starts,
• 2:46
  starts
• 2:46
  at
• 2:46
  $15
• 2:47
  an
• 2:47
  hour.
• 2:48
  So
• 2:48
  annually
• 2:49
  that's
• 2:49
  $31,000
• 2:50
  a
• 2:50
  year.
• 2:51
  The
• 2:51
  average
• 2:52
  position
• 2:52
  eliminated.
• 2:53
  On
• 2:53
  the
• 2:53
  high
• 2:54
  side,
• 2:54
  on
• 2:54
  the
• 2:55
  high
• 2:55
  side
• 2:56
  is
• 2:56
  $200,000
• 2:57
  per
• 2:57
  year.
• 2:57
  So
• 2:57
  that's
• 2:58
  basically
• 2:58
  an
• 2:58
  additional
• 2:59
  six
• 2:59
  and
• 2:59
  a
• 2:59
  half
• 3:00
  people
• 3:00
  for
• 3:01
  each
• 3:01
  eliminated
• 3:01
  position,
• 3:02
  which
• 3:02
  equates
• 3:03
  to,
• 3:04
  best
• 3:04
  case,
• 3:04
  an
• 3:04
  additional
• 3:05
  3,225
• 3:07
  workers,
• 3:07
  which,
• 3:08
  which
• 3:08
  is
• 3:08
  less
• 3:08
  than
• 3:09
  one
• 3:09
  extra
• 3:10
  one
• 3:10
  and
• 3:10
  a
• 3:10
  half
• 3:11
  workers
• 3:11
  per
• 3:11
  store
• 3:12
  across
• 3:12
  the
• 3:12
  entire
• 3:13
  fleet.
• 3:13
  To
• 3:14
  say
• 3:14
  nothing
• 3:14
  of
• 3:14
  the
• 3:15
  added
• 3:15
  expense
• 3:15
  that
• 3:15
  comes
• 3:16
  from
• 3:16
  initiatives
• 3:16
  when
• 3:16
  you
• 3:17
  start
• 3:17
  saying
• 3:17
  things
• 3:17
  like
• 3:17
  we're
• 3:18
  going
• 3:18
  to
• 3:18
  increase
• 3:18
  employee
• 3:19
  training
• 3:19
  as
• 3:20
  well,
• 3:20
  in
• 3:20
  addition
• 3:21
  to
• 3:21
  having
• 3:21
  to
• 3:21
  replace
• 3:22
  the
• 3:22
  work
• 3:22
  from
• 3:22
  the
• 3:22
  workers
• 3:23
  who've
• 3:23
  left.
• 3:24
  So
• 3:25
  these
• 3:25
  investments,
• 3:26
  to
• 3:26
  me,
• 3:26
  they
• 3:26
  don't,
• 3:27
  they
• 3:27
  on
• 3:28
  the
• 3:28
  core,
• 3:28
  they
• 3:28
  don't
• 3:28
  amount
• 3:29
  to
• 3:29
  anything
• 3:29
  when
• 3:29
  you
• 3:30
  step
• 3:30
  back
• 3:30
  and
• 3:30
  you
• 3:30
  do
• 3:30
  the
• 3:31
  numbers
• 3:31
  unless
• 3:31
  they're
• 3:32
  also
• 3:32
  putting
• 3:32
  more
• 3:33
  money
• 3:34
  behind
• 3:34
  training
• 3:35
  and
• 3:35
  store
• 3:35
  efforts.
• 3:36
  But
• 3:36
  the
• 3:37
  articles
• 3:37
  didn't
• 3:37
  really
• 3:38
  hint
• 3:38
  to
• 3:38
  that.
• 3:38
  They
• 3:39
  said
• 3:39
  it
• 3:39
  was
• 3:39
  all
• 3:39
  coming
• 3:39
  through
• 3:40
  the
• 3:40
  layoff.
• 3:40
  So,
• 3:40
  and
• 3:41
  I
• 3:41
  don't
• 3:41
  know
• 3:42
  what's
• 3:43
  your
• 3:43
  take
• 3:43
  here?
• 3:43
  Do
• 3:44
  you
• 3:44
  agree
• 3:44
  with
• 3:44
  me?
• 3:44
  Do
• 3:44
  you
• 3:44
  disagree
• 3:45
  with
• 3:45
  me?
• 3:45
  Are
• 3:45
  you
• 3:45
  more
• 3:45
  on
• 3:46
  Joe's
• 3:46
  side
• 3:46
  or
• 3:46
  maybe
• 3:47
  Joe
• 3:47
  agrees
• 3:47
  with
• 3:47
  me
• 3:48
  now
• 3:48
  too.
• 3:48
  I
• 3:48
  don't
• 3:48
  know.
• 3:48
  But
• 3:49
  where
• 3:49
  do,
• 3:49
  where
• 3:49
  do
• 3:49
  you
• 3:49
  come
• 3:50
  down?
• 3:50
  Look,
• 3:51
  I
• 3:51
  think
• 3:51
  the
• 3:51
  most
• 3:51
  important
• 3:52
  thing
• 3:52
  about
• 3:52
  this
• 3:53
  is
• 3:54
  Target.
• 3:54
  What
• 3:54
  Joe
• 3:55
  said,
• 3:55
  Target
• 3:55
  is
• 3:56
  acknowledging
• 3:56
  the
• 3:56
  state
• 3:57
  of
• 3:57
  their
• 3:57
  stores
• 3:57
  in
• 3:57
  the
• 3:58
  statement.
• 3:58
  So
• 3:58
  I
• 3:59
  think
• 3:59
  that's
• 3:59
  not
• 4:00
  PR
• 4:00
  smoke
• 4:00
  and
• 4:00
  mirrors.
• 4:01
  That's
• 4:01
  just
• 4:01
  calling
• 4:02
  it
• 4:02
  and
• 4:02
  saying
• 4:02
  we
• 4:02
  see
• 4:03
  it
• 4:03
  now.
• 4:04
  This,
• 4:04
  that,
• 4:05
  that
• 4:05
  it
• 4:05
  gives
• 4:05
  me
• 4:06
  hope
• 4:06
  that
• 4:06
  we'll
• 4:06
  start
• 4:06
  to
• 4:07
  hear
• 4:07
  from
• 4:07
  Michael
• 4:07
  Fedelke
• 4:08
  some
• 4:08
  of
• 4:08
  the
• 4:08
  other
• 4:08
  things
• 4:09
  that
• 4:09
  are
• 4:10
  plaguing
• 4:10
  Target
• 4:11
  right
• 4:11
  now
• 4:12
  and
• 4:12
  that
• 4:12
  he's
• 4:13
  going
• 4:13
  to
• 4:13
  address
• 4:13
  them.
• 4:14
  However,
• 4:14
  I
• 4:15
  think
• 4:15
  Joe
• 4:15
  and
• 4:16
  you
• 4:16
  bring
• 4:16
  up
• 4:16
  very
• 4:16
  good
• 4:17
  points.
• 4:18
  We,
• 4:18
  the
• 4:19
  customers
• 4:19
  are
• 4:19
  going
• 4:19
  to
• 4:19
  expect
• 4:20
  to
• 4:20
  see
• 4:20
  some
• 4:20
  changes.
• 4:21
  So
• 4:21
  they're,
• 4:21
  you're
• 4:22
  putting
• 4:22
  something
• 4:22
  like
• 4:23
  this
• 4:23
  out
• 4:23
  there.
• 4:24
  So
• 4:24
  within
• 4:25
  a
• 4:25
  few
• 4:25
  months,
• 4:26
  customers
• 4:26
  are
• 4:26
  going
• 4:26
  to
• 4:27
  expect
• 4:27
  to
• 4:27
  see
• 4:27
  that
• 4:28
  stores
• 4:28
  look
• 4:28
  better,
• 4:29
  that
• 4:29
  they're
• 4:29
  getting
• 4:29
  better
• 4:30
  support
• 4:30
  within
• 4:31
  their
• 4:31
  store,
• 4:32
  their
• 4:32
  Target
• 4:32
  stores
• 4:32
  on
• 4:32
  their
• 4:33
  Target
• 4:33
  runs.
• 4:34
  And
• 4:34
  so
• 4:34
  I
• 4:34
  think
• 4:35
  it's
• 4:35
  really
• 4:35
  up
• 4:35
  to
• 4:35
  Target
• 4:36
  to,
• 4:36
  to
• 4:37
  prove
• 4:37
  it
• 4:37
  themselves.
• 4:38
  They'll,
• 4:38
  They've.
• 4:38
  They've
• 4:39
  put
• 4:39
  it
• 4:39
  out
• 4:39
  there,
• 4:39
  they've
• 4:40
  set
• 4:40
  a
• 4:40
  goal
• 4:40
  publicly,
• 4:41
  and
• 4:41
  now
• 4:42
  we'll
• 4:42
  see
• 4:42
  if
• 4:42
  they
• 4:42
  can.
• 4:43
  If
• 4:43
  they
• 4:43
  can
• 4:43
  make
• 4:44
  good
• 4:44
  on
• 4:44
  it.
• 4:44
  But
• 4:45
  I
• 4:45
  think,
• 4:45
  you
• 4:45
  know,
• 4:45
  you
• 4:46
  also
• 4:46
  bring
• 4:46
  up
• 4:46
  some
• 4:46
  good
• 4:47
  points
• 4:47
  when
• 4:47
  you
• 4:47
  were
• 4:47
  doing
• 4:47
  the
• 4:47
  math.
• 4:48
  Like,
• 4:48
  I
• 4:48
  think
• 4:48
  there's
• 4:49
  also
• 4:49
  stuff
• 4:49
  going
• 4:49
  on
• 4:49
  behind
• 4:50
  the
• 4:50
  scenes
• 4:50
  that
• 4:50
  we
• 4:50
  are
• 4:51
  not
• 4:51
  privy
• 4:51
  to
• 4:52
  that
• 4:52
  is
• 4:52
  like,
• 4:52
  what.
• 4:53
  What
• 4:53
  does
• 4:53
  this
• 4:53
  mean
• 4:53
  then?
• 4:54
  Does
• 4:54
  a,
• 4:54
  Does
• 4:54
  a
• 4:54
  DTL
• 4:55
  now
• 4:55
  have
• 4:55
  a
• 4:56
  bigger
• 4:56
  territory
• 4:56
  that
• 4:57
  they
• 4:57
  have
• 4:57
  to
• 4:57
  look
• 4:57
  after?
• 4:58
  What
• 4:58
  does
• 4:58
  that
• 4:58
  mean
• 4:58
  for
• 4:59
  their
• 4:59
  role
• 5:00
  and
• 5:00
  making
• 5:00
  sure
• 5:00
  that
• 5:00
  there's
• 5:01
  consistency
• 5:02
  across
• 5:02
  all
• 5:02
  of
• 5:02
  these
• 5:03
  things
• 5:03
  that
• 5:03
  are
• 5:03
  being
• 5:03
  done
• 5:04
  to
• 5:04
  change
• 5:04
  what
• 5:04
  the
• 5:04
  store
• 5:05
  experience
• 5:05
  is
• 5:05
  like.
• 5:05
  Like,
• 5:06
  there's
• 5:06
  a
• 5:06
  lot
• 5:06
  of
• 5:06
  open
• 5:07
  questions
• 5:07
  there
• 5:09
  and
• 5:09
  what
• 5:09
  this
• 5:09
  is
• 5:10
  actually
• 5:10
  going
• 5:10
  to
• 5:10
  look
• 5:10
  like.
• 5:11
  But
• 5:11
  Target
• 5:11
  said
• 5:12
  it,
• 5:12
  and
• 5:12
  now
• 5:13
  I
• 5:13
  think
• 5:13
  all
• 5:13
  we
• 5:13
  can
• 5:14
  do
• 5:14
  is
• 5:14
  wait
• 5:14
  and
• 5:15
  see.
• 5:15
  Do
• 5:15
  they
• 5:16
  pay,
• 5:16
  Pay
• 5:17
  or
• 5:17
  make
• 5:17
  good
• 5:18
  on
• 5:18
  this
• 5:18
  promise?
• 5:19
  And,
• 5:19
  and
• 5:19
  is
• 5:19
  this
• 5:20
  the
• 5:20
  first,
• 5:20
  hopefully,
• 5:21
  of
• 5:21
  many
• 5:21
  things
• 5:21
  that
• 5:22
  we
• 5:22
  see
• 5:22
  Target
• 5:23
  outwardly
• 5:23
  acknowledge
• 5:24
  and
• 5:24
  then
• 5:25
  make
• 5:25
  good
• 5:25
  with?
• 5:26
  Yeah,
• 5:26
  and
• 5:27
  as
• 5:27
  a
• 5:27
  former
• 5:27
  district
• 5:27
  manager,
• 5:28
  I
• 5:28
  can
• 5:28
  tell
• 5:28
  you,
• 5:28
  yes,
• 5:28
  that's
• 5:29
  going
• 5:29
  to
• 5:29
  be
• 5:29
  the
• 5:29
  case.
• 5:29
  Like,
• 5:30
  that's,
• 5:30
  that's
• 5:31
  how
• 5:31
  this
• 5:31
  works.
• 5:31
  They're
• 5:31
  going
• 5:31
  to
• 5:32
  have
• 5:32
  more
• 5:32
  territory
• 5:32
  to
• 5:32
  cover.
• 5:32
  It's
• 5:33
  going
• 5:33
  to
• 5:33
  be
• 5:33
  more
• 5:33
  travel
• 5:33
  expenses,
• 5:34
  too,
• 5:34
  that
• 5:34
  have
• 5:35
  to
• 5:35
  be,
• 5:35
  you
• 5:35
  know,
• 5:35
  accounted
• 5:36
  for.
• 5:36
  So,
• 5:37
  Joe,
• 5:37
  any
• 5:37
  last
• 5:38
  word
• 5:38
  on
• 5:38
  this
• 5:38
  one?
• 5:39
  No,
• 5:40
  I,
• 5:40
  I
• 5:40
  think
• 5:40
  I
• 5:40
  agree
• 5:41
  with
• 5:41
  you
• 5:41
  both
• 5:41
  that,
• 5:42
  you
• 5:42
  know,
• 5:42
  if
• 5:42
  this
• 5:43
  is,
• 5:43
  if
• 5:43
  this
• 5:43
  is
• 5:43
  it,
• 5:44
  if,
• 5:44
  you
• 5:44
  know,
• 5:44
  here's.
• 5:45
  Here's
• 5:45
  the
• 5:45
  plan,
• 5:45
  like,
• 5:46
  we
• 5:46
  fire
• 5:46
  these
• 5:46
  500
• 5:47
  people
• 5:47
  and
• 5:47
  everything
• 5:48
  will
• 5:48
  be
• 5:48
  golden
• 5:49
  in
• 5:49
  our
• 5:49
  stores.
• 5:50
  Like,
• 5:50
  clearly
• 5:52
  that
• 5:52
  doesn't
• 5:53
  seem
• 5:54
  possible
• 5:54
  to
• 5:54
  me.
• 5:55
  And
• 5:55
  as
• 5:55
  the
• 5:55
  shop
• 5:55
  talk
• 5:55
  guy,
• 5:56
  I'll
• 5:56
  always
• 5:56
  probably
• 5:56
  be
• 5:56
  more
• 5:56
  diplomatic
• 5:57
  than
• 5:57
  you
• 5:57
  guys
• 5:57
  could
• 5:58
  be
• 5:58
  about
• 5:58
  it.
• 5:58
  But,
• 5:59
  but,
• 5:59
  but,
• 5:59
  so,
• 6:00
  so
• 6:00
  I
• 6:00
  guess
• 6:00
  my,
• 6:01
  my
• 6:01
  optimistic
• 6:01
  view
• 6:02
  is,
• 6:02
  is
• 6:02
  like,
• 6:02
  Ann,
• 6:03
  like,
• 6:03
  this
• 6:03
  is,
• 6:03
  this
• 6:03
  is
• 6:03
  the
• 6:04
  first
• 6:04
  step,
• 6:05
  and
• 6:05
  there
• 6:06
  will
• 6:06
  be
• 6:06
  more
• 6:06
  steps
• 6:07
  announced
• 6:07
  in,
• 6:07
  in
• 6:07
  coming
• 6:08
  weeks.
• 6:08
  And
• 6:08
  then,
• 6:08
  you
• 6:09
  know,
• 6:09
  hopefully
• 6:09
  again,
• 6:09
  shoppers
• 6:10
  will
• 6:10
  start
• 6:10
  to
• 6:11
  see
• 6:11
  execution,
• 6:12
  you
• 6:13
  know,
• 6:13
  in,
• 6:13
  in
• 6:14
  the
• 6:14
  next
• 6:14
  six,
• 6:15
  eight
• 6:15
  weeks,
• 6:15
  few
• 6:16
  months.
• 6:16
  Yeah,
• 6:17
  yeah,
• 6:17
  Joe,
• 6:17
  I
• 6:17
  think
• 6:18
  everybody's
• 6:18
  more
• 6:18
  diplomatic
• 6:19
  about
• 6:19
  things
• 6:19
  that
• 6:19
  I
• 6:19
  am.
• 6:20
  That's
• 6:21
  probably
• 6:21
  the
• 6:21
  rule
• 6:21
  of
• 6:22
  this
• 6:22
  show.