Target stock continues to plummet. The stock loss is now up to $10Billion (not $5Billion). They won't listen to the voices of the American people, hit them in the wallet.
1.2Million have signed the AFA petition to boycott Target to date.
Someone said that other retailers were losing too. Correction. Costco and Walmart are going up.
https://www.lifesitenews.com/news/target-stock-continues-to-plunge-amid-boycott
Target stock continues to plunge amid boycott
May 19, 2016 (LifeSiteNews) — Target Corporation stock is continuing to sink in value as it faces the boycott of over one million Americans. The American Family Association (AFA) launched the boycott after the retail giant announced its new policy allowing men to access women’s restrooms and changing rooms.
When Target announced its policy on April 19, its stock was valued at $83.50 per share. Now, one month later and after a massive outcry from the public which included over 1.2 million people signing AFA's petition, Target stock is $67.17 per share.
All told, this means Target stock has declined by over 19 percent since announcing its new open bathrooms policy.
While the timing of the stock drop coincides directly with the launch of the boycott effort, Target CEO Brian Cornell claimed this week that the company’s woes are unrelated to their new bathroom policy.
“To date we have not seen a material or measurable impact on our business. Just a handful of stores across the country have seen some activity and have been impacted,” he told Fortune during a call with reporters this week.
TheStreet, which was on the same call, reports that Cornell declined to state exactly what impact the boycott has had on those stores.
According to Fortune, Target blamed low sales in the beginning of the second quarter, and consequent stock price drops, on “damp and cool weather,” and “skittish” consumers, in Fortune’s words.
Meanwhile, boycott efforts aimed at Target are only growing. LifeSiteNews’s #FlushTarget campaign, launched this week, is encouraging the public to ask Target to rescind its policy. The campaign is getting the word out through a billboard truck that has begun visiting every Target in the company’s home state of Minnesota, and may expand to other states.
LifeSiteNews was forced to use a truck instead of a traditional billboard after all four of Minnesota’s billboard companies rejected the #FlushTarget ad.
The truck has received widespread media coverage from conservative and mainstream media outlets, particularly in Minnesota.
Meawhile, on YouTube, a #FlushTarget ad illustrating why customers should #FlushTarget has received almost 50,000 views in the past day. The same video on Facebook racked up 150,000 views in just a day.
Cornell has vigorously defended the company’s new policy and even compared it to an advance toward racial equality in the 1960s, when Target first used African-American models.
------------------------------------------------------------------------------------------
http://www.breitbart.com/big-government/2016/05/19/target-earnings-drop-protests-rise/
Target Sales Drop Amid Transgender Promotion, Consumer Boycott, $10 Billion Stock Crash
Retail giant Target is losing sales and may be on track for another major stock-drop in the second quarter, analysts say, amid a growing boycott caused by the company’s transgender friendly policies.
The company’s second-quarter sales, from April to June, may drop as much as 2 percent compared to the prior year, executives told reporters and Wall Street analysts. That’s “horrendous,” said Jim Cramer, founder of the stock-market website, TheStreet.com.
The earnings prediction comes a month after the left-leaning company announced April 19 that it would allow men claiming to be women to use the women’s bathrooms and changing rooms at its stores. The decision has sparked a boycott petition effort that garnered over 1.2 million signers in only a week.
Target executives deny the pro-family consumer boycott is making a significant difference. But, according to TheStreet.com, the business-news website,
“We have seen a noticeable slowdown post-Easter,” Target CFO [chief financial officer] Cathy Smith said on a call with reporters. Target’s CEO Brian Cornell, who was also on the call, blamed the slowdown on unfavorable weather trends in the Northeast and volatile economic trends.
Cornell also said the company has not seen a “material” impact to its overall business from the protests, but has seen some hit to sales in a “handful” of stores. He declined to quantify the extent of the hit, however.
According to the Associated Press, Target expected a sales growth in new stores to hit 1.6 percent in the first quarter, but only realized a 1.2 percent growth.
This week, the company announced a reshuffle in the executive office.
Stock-pickers are getting nervous about the company’s executives. “Target is now a question… because the degredation of Target from month to month to month has them confused,” said Jim Cramer, founder of TheStreet.com. “Apparel [sales] is not good, electronics is not good, the [earnings] guidance is horrendous,” he said.
Amid Target’s troubles, Costco and the Walmart company will likely gain, he said.
Target’s stock has fallen 20 percent — from $84 per share to $67 per share — since it imposed the pro-transgender policy on its customer base of families. That loss has chopped roughly $10 billion from the overall shareholder value of the company, according to a chart produced by Yahoo.com
1.2Million have signed the AFA petition to boycott Target to date.
Someone said that other retailers were losing too. Correction. Costco and Walmart are going up.
https://www.lifesitenews.com/news/target-stock-continues-to-plunge-amid-boycott
Target stock continues to plunge amid boycott
May 19, 2016 (LifeSiteNews) — Target Corporation stock is continuing to sink in value as it faces the boycott of over one million Americans. The American Family Association (AFA) launched the boycott after the retail giant announced its new policy allowing men to access women’s restrooms and changing rooms.
When Target announced its policy on April 19, its stock was valued at $83.50 per share. Now, one month later and after a massive outcry from the public which included over 1.2 million people signing AFA's petition, Target stock is $67.17 per share.
All told, this means Target stock has declined by over 19 percent since announcing its new open bathrooms policy.
While the timing of the stock drop coincides directly with the launch of the boycott effort, Target CEO Brian Cornell claimed this week that the company’s woes are unrelated to their new bathroom policy.
“To date we have not seen a material or measurable impact on our business. Just a handful of stores across the country have seen some activity and have been impacted,” he told Fortune during a call with reporters this week.
TheStreet, which was on the same call, reports that Cornell declined to state exactly what impact the boycott has had on those stores.
According to Fortune, Target blamed low sales in the beginning of the second quarter, and consequent stock price drops, on “damp and cool weather,” and “skittish” consumers, in Fortune’s words.
Meanwhile, boycott efforts aimed at Target are only growing. LifeSiteNews’s #FlushTarget campaign, launched this week, is encouraging the public to ask Target to rescind its policy. The campaign is getting the word out through a billboard truck that has begun visiting every Target in the company’s home state of Minnesota, and may expand to other states.
LifeSiteNews was forced to use a truck instead of a traditional billboard after all four of Minnesota’s billboard companies rejected the #FlushTarget ad.
The truck has received widespread media coverage from conservative and mainstream media outlets, particularly in Minnesota.
Meawhile, on YouTube, a #FlushTarget ad illustrating why customers should #FlushTarget has received almost 50,000 views in the past day. The same video on Facebook racked up 150,000 views in just a day.
Cornell has vigorously defended the company’s new policy and even compared it to an advance toward racial equality in the 1960s, when Target first used African-American models.
------------------------------------------------------------------------------------------
http://www.breitbart.com/big-government/2016/05/19/target-earnings-drop-protests-rise/
Target Sales Drop Amid Transgender Promotion, Consumer Boycott, $10 Billion Stock Crash
Retail giant Target is losing sales and may be on track for another major stock-drop in the second quarter, analysts say, amid a growing boycott caused by the company’s transgender friendly policies.
The company’s second-quarter sales, from April to June, may drop as much as 2 percent compared to the prior year, executives told reporters and Wall Street analysts. That’s “horrendous,” said Jim Cramer, founder of the stock-market website, TheStreet.com.
The earnings prediction comes a month after the left-leaning company announced April 19 that it would allow men claiming to be women to use the women’s bathrooms and changing rooms at its stores. The decision has sparked a boycott petition effort that garnered over 1.2 million signers in only a week.
Target executives deny the pro-family consumer boycott is making a significant difference. But, according to TheStreet.com, the business-news website,
“We have seen a noticeable slowdown post-Easter,” Target CFO [chief financial officer] Cathy Smith said on a call with reporters. Target’s CEO Brian Cornell, who was also on the call, blamed the slowdown on unfavorable weather trends in the Northeast and volatile economic trends.
Cornell also said the company has not seen a “material” impact to its overall business from the protests, but has seen some hit to sales in a “handful” of stores. He declined to quantify the extent of the hit, however.
According to the Associated Press, Target expected a sales growth in new stores to hit 1.6 percent in the first quarter, but only realized a 1.2 percent growth.
This week, the company announced a reshuffle in the executive office.
Stock-pickers are getting nervous about the company’s executives. “Target is now a question… because the degredation of Target from month to month to month has them confused,” said Jim Cramer, founder of TheStreet.com. “Apparel [sales] is not good, electronics is not good, the [earnings] guidance is horrendous,” he said.
Amid Target’s troubles, Costco and the Walmart company will likely gain, he said.
Target’s stock has fallen 20 percent — from $84 per share to $67 per share — since it imposed the pro-transgender policy on its customer base of families. That loss has chopped roughly $10 billion from the overall shareholder value of the company, according to a chart produced by Yahoo.com