The boycott over Target's decision to make restrooms and changing rooms open to anyone has caused a national uproar, with over 1 million people signing a petition to boycott the stores. Now today the company's stock is down $1.5 billion dollars, dropping 3% in just nine days. Remember that Target started to decline several years ago after they kept an extended period of vulnerability in their on-line payment systems hidden and many Americans had their cards compromised. It seems as if social engineering is adding another issue to their plate.
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I was waiting for someone to bring this up - interesting how perceptions are so short sighted.
Short sighted? I'd say all the people looking at a few days instead of the overall are being short sighted.
Exactly, and a 3% drop over 9 days is nothing. Come on, this is stocks we're talking about!
Now down 6.5%
A year from now a sinking stock can go up by 10% or more. Most people don't base their shopping over the use of restrooms.
The Unisex restrooms I've seen in Target have one toilet and a lock on the door much like sharing a bathroom at home.
They closed UP by 1.51% yesterday and are still almost 12 above their big fall back in mid February. We actually have target stock, and THIS is much better than it has been at other times.
Target is calling all big suppliers into meetings over the next few months as they are struggling very bad - demands are monetary for more ads, more slush funds, plus introducing additional fees as cost of doing business
At least you'll be surrounded by like minded individuals - enjoy the debauchery
History's trashcan is full of oppressors, almost all of whom emblazoned themselves with badges of imaginary purity.
I always shop at Target. It's better than having to deal with Corn Pone and Mutton Chops Walmartians. You just know that for every Corn Pone King and Queen and Mutton Chops and Dixiebelle ramming their religion down our throats, they invented sin.
A MERE 3% is huge in a company stock price - stop trying to marginalize this fact - I do business with Target directly, they are bleeding all over
It's been less than a week since the Potty Patrol started making noise. I have no doubt this will be yet another failed attempt to bully a retailer into discriminating against a minority group, simply to make some smug people happy.
Lol @ Potty Patrol. I agree that this is likely a knee-jerk result and won't last.
And it was down way lower a couple of months ago. People seem to think they accomplished a win, yet can't even understand how stock works. They spent 4 straight months lower than this. They will "recover" from this small drop.
Down another billion.....
Closed up yesterday and still WAY higher than it was a few months ago. :)
Look at the graph for Target's stock price for one year. This change is just a blip. People don't buy stock one day, and sell it the next. They're in it for the long haul, and over time, TGT is still higher than it was six months ago.
Dropped another 2% today - are you aware they had to sell the entire Canadian division to keep afloat after the card issue?
It took me two clicks to find out that their Canadian stores failed because of bad data systems, training issues, and merchandise flow---not credit cards. https://consumerist.com/2016/01/22/9-things-we-lea...
Can you read - I said they had to sell the division in Canada to cover their US losses
Yes, I can read. You said they sold their Canada stores "to keep afloat after the card issue", and I'm saying they sold because the Canada stores failed, not because they needed money to keep the US stores going. Don't appreciate the personal attack.
Target is now down 10 Billion - 20% valuation
Target is demanding suppliers of good give them huge concessions to move dead inventory and added a whole bunch of regulatory costs of doing business suddenly - more to come
Would that surprise you?
I meant to say the stock market (isn't) always a predictor!
You have some good points, but it is in danger of being used as a political football by some.
Target is now in the eye of the hurricane - wind, rain, and who knows what else
Sears/kmart? They have to be the least competitive, most out of touch store in the US. Google a few products and you'll find target right up there in low prices. Usually the same or near walmart on many items. Yet they have a much better in store exp
The stock still hasn't recovered
Seems as if five weeks later the declines are still happening - so much for the short term theory, no offense. Target is demanding concessions from their vendors as they have no other income streams to tap
My Target has a family restroom, but have had this since the store opened in my area 20+ years ago. Maybe they have been uni-sex for that long and I didn't know it.
The use these tactics to force people to take sides (attacking anyone who disagrees) then call everyone else homophobic
Brad - you're right, companies have no 'business' opining on social issues.
First of all, if we allow these Corn Pones and Mutton Chops to have their way, you know who will be next...Catholics, Jews and anyone else their pathetic KKK culture demands be banned. All that oil, fracking and coal pollution has caused brain damage
Target is sinking faster than the Hindenburg while Wal Mart is rising...hmmm, could it be the trans policy ?
Agreed - thanks for weighing in
Heard Target will spend some huge amount now to make single person rest rooms in all their stores
I didn't realize Target is opening the fitting room as well to transgender. How insane is that?
Latest quarter report is out. Stock drop 7%. It is time for Target to focus on core business and leave the social engineering. I'm beginning to wonder if they orchestrated this controvery in the first place known full well they were going to miss...
Interesting thinking Jack - it is the perfect cover up. No one misses earnings by that much in the last few weeks
Walmart numbers just out. They beat expectations and Stock jumped 7%. Target CEO claiming Online shopping affected their sales just don't hold water. What other excuse will they come up with next?
Jack - too many facts are starting to scare the liberals - nice
Fact is traffic falling at Target and rising at Wal Mart
They are a top 10 retailer in this country. I wouldn't call that marginally successful. They will be just fine.
See if they are still in the top 10 next year. I would guess by your comments you are in favor of the shared restrooms for the TG's?
I'm in favor of a more enlightened human condition. I am not in favor of the oppositions imaginary fears of freakish alien rape monsters invading bathrooms. it is ridiculous, unfounded, derogatory claptrap.
Your assuming that no bad guys will use this ruling as an excuse to practice their perverted habits. This might shock you but there really are some very bad people out there roaming our streets.
Progress always carries some risk. While we very well may weigh risk and reward differently, I am not naive.
What exactly is stopping those very bad people from practicing their perverted habits, anywhere, at this exact moment?
It would be nice to hear something other than crickets for a change.