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Thursday, March 2, 2017

Target Corp Hits $15 Billion Loss Since "Dangerous and Misguided" Pro-Transgender Announcement

By Rick Pearcey • March 2, 2017, 01:25 PM

Warner Todd Huston reports at Breitbart:

The stock value of transgender-champion Target Corp. crashed by 13.5 percent this week after the company's sales again fell below investors'expectations.

Target's stock value is now down by 30 percent since it sparked a consumer boycott by embracing the transgender political agenda. That 30 percent drop has slashed investors' wealth by roughly $15 billion. [emhasis added]

On Tuesday, the stock fell to $58.78, down from its April 19 high of $83.98. In contrast, WalMart is up 3 percent since April, and Kohl’s is down less than one percent.

"Company officials indirectly acknowledged the consumer boycott," Huston reports. "Our fourth-quarter results reflect the impact of rapidly changing consumer behavior, which drove very strong digital growth but unexpected softness in our stores," Breitbart quotes Target CEO Brian Cornell as saying in an official statement.

"Leaders at the American Family Association highlighted the company's worsening situation," Huston writes.

"The American Family Association has called for a boycott of Target since last April after the chain publicized the fact that it would allow men to use the women's restrooms and fitting rooms in their stores," AFA President Tim Wildmon stated, according to Breitbart.

"This [policy] is unacceptable for families, and the dangerous and misguided policy continues to put women and children in harm's way. [emphasis added] Men don't belong in the same bathroom as our wives and daughters," Wildmon also stated, Breitbart reports.

Read the entire report from Breitbart here.

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