I don’t know if supporting such moral depravity will be good for business outside of Hollywood, but for now the numbers show that it is most definitely not.
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.
There’s no way that doesn’t have an impact.
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.
If that seems like nothing to you then you must not own Target stock…
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
Here’s that chart, who wants to guess when they made their idiotic invitation to bathroom predators under the guise of transgender “tolerance.”
This will probably change nothing, because you can’t unring a bell, but hopefully other companies take note and refuse to provide opportunity for would be predators.