![]() ![]() ![]() Here are a few examples of this statement: Therefore, there’s no reason to alter anything or change our work method. Not to mention, this gives them the perspective that everything they’ve accomplished until this point is both correct and greatly appreciated. Saying a statement like this fills the receiving person with pride in a job well done – which only increases productivity and work ethic. This is a reassuring comment, as they’re now aware that they’re doing the right thing and that we’re impressed with what they’ve done thus far. When we say, “you’re doing an excellent job”, we are commenting on work that someone is presently doing. Watch the video: Only 1 percent of our visitors get these 3 grammar questions right. This statement is bound to make the receiving person feel good. By saying this, we are acknowledging both the effort that someone is putting into a job and the overall quality of the work. The preferred version is “you’re doing an excellent job”. This article will be taking a closer look at these different, but similar options: While there is nothing wrong with saying “keep up the good work”, this is a very overused statement. What Can I Say Instead Of “Keep Up The Good Work”? This article will take a closer look at different options we can use. While this is an appropriate statement, it’s always good to have alternative choices. This forces them to offer discounts and cuts into their profit.We say “keep up the good work” to be uplifting and appreciative towards someone who has completed a task well or with efficiency. Many businesses have stocked up too much, according to Dana Telsey, founder of Telsey Advisory Group. Growing inventories cut into retailers’ profitsĪlthough at the start of the pandemic retailers faced product shortages that caused them to miss out on sales, the tide is now turning the other way. “Rather than jamming store sales floors with excess product, which would have made them more difficult to shop, our team secured temporary storage capacity…and marked items down to clear them and keep our presentations fresh and inspiring,” Mulligan said.Ĭompany executives told investors those steep discounts were responsible for most of Target’s lost profits. Then, it slashed prices on its leftover products to entice customers to buy them and free up storage space. ![]() There wasn’t enough room in its existing warehouses to store all of its unwanted lawn chairs and toaster ovens, so Target had to rent new warehouse space-at ultra-high prices in the tightest warehouse market ever-to store its excess inventory. Those items are especially costly to ship because they take up so much room inside shipping containers-and their size also makes them extra costly to store in warehouses.Īfter Target paid a premium to import those bulky home goods, it realized its customers didn’t want to buy them. To make matters worse, Target over-ordered big, bulky home goods, like patio furniture, TVs, and kitchen appliances. Widespread covid lockdowns in China have created congestion at Asian sea ports, and rising gas prices have driven up the cost of trucking. COO John Mulligan told investors the company underestimated how bad supply chain constraints would be this year, and Target will have to spend $1 billion more on freight in 2022 than it expected to at the start of the year. High freight costs have compounded Target’s problems. The company’s net income fell 52% in the first quarter of 2022 compared to the same period in 2021. “While we anticipated a post-stimulus slowdown and we expected consumers to continue refocusing spending away from goods and into services, we didn’t anticipate the magnitude of that shift,” Target CEO Brian Cornell told investors on a May 18 earnings call. But this year, US shoppers have cut their spending on home goods like TVs and kitchen appliances-and left retailers like Target holding extra inventory they can’t sell and don’t have space to store. Target wasn’t ready for how quickly its US customers would change their shopping habits in 2022.Įarlier in the pandemic, locked-down Americans flush with cash from government stimulus checks invested heavily in upgrading their houses. ![]()
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