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.
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14 comments:
Good hope our boycott drops them to rock bottom
Love the spin from the company execs. They actually believe people believe that crap.
Does Target offer a discount to men purchasing women's panties?
You go Target...'Do the "right" thing and go out of business...go back to France!!!
I don't shop there anymore!
11:31 - I don't think I ever shopped there!
hey 1019, ask jim ireton he can answer that
I won't shop there anymore.
#NeverTarget.
Hit them where it hurts.
There are more Conservatives with money than Progressives with Food Stamps...
Nothing says policy like the bottom line.
I have not been there since the beginning of their bathroom decision and I will never go back even if they decide to undo it. Peace out target
Don't really care if they go out of business, don't like them anyway, have only been there once or twice.
Great time to shop in Target. Great time. Prices are extremely low.
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