Target stock dropped $1.5 billion in the 9 days since they went unisex - will this be their end?
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.
I can't imagine what idiot decided this was a good idea for this marginally successful chain of stores.
Most often decisions such as this are designed to attract a certain group of shoppers to their store. I have no idea how many men would want to use the women's restroom or vice versa. But this has got to be a very small number that would most likely not boost their sales that much.
So what they are doing is catering to a very small group of shoppers while driving away their regular shoppers.
I would hope the individual whom made this decision would at least hear something from the stock holders regarding his decision making abilities.
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.
Target's stock is down a mere 3% since this stupid Bathroom Boycott thing started. Historically, this type of boycott has little or no effect on a store's bottom line in the long term.
Wall Street doesn't seem to be worried. And, to put things in perspective, while one million signatures sounds huge, just their web site alone sees 8.9 million unique visitors each month, and over 2 million people shop there every day. 43% of the almost 125 million American households shop at Target
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.
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-th … et-canada/
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.
I had forgotten about the compromised credit cards but now that you've reminded me I see the restroom issue in a whole new light. From one standpoint, this appears to be a really stupid decision and a strange area in which to take a stand. However, seen from the standpoint of a failing business whose executives don't want to accept blame for the causes of that failing, it makes much more sense. Left on its own without the restroom issue, the company would just slowly sink into oblivion and the company executives would have to shoulder the blame for the failure. Now, with this issue and a major boycott of the store, the failure can be blamed on the millions of unreasonable consumers who targeted (pun intended) their store leaving the executives untarnished resumes.
I am always amazed at how the evil minds of big business work...
It is hard to say what kind of effect it will have on Target, but I predict that it won't be good overall. To cater to the few at the expense of the many is just plain dumb. I can look at it only from the viewpoint of a small rural state who likes both Target and has a love/hate relationship with WalMart.
Target has a big distribution center near my city, and it has just put in a couple of new stores that seem to be doing great business. However, WalMart is the biggie because Sam Walton was from here, and the headquarters are in Bentonville, Arkansas. A lot of people here don't like the way WalMart does business, so they support Target. We are also the buckle of the Bible Belt, and some of these "jewels on the buckle," may go ballistic over Target's decision and take all their business to WalMart. I think Target's decision may not hurt them in states in the Northeast and liberal states like California, but it will hurt them in the South and Midwest. We will just have to wait and see.
You're right, it is a few that they are catering to, but women and children make up the majority. Hopefully, they will change their policy but right now it doesn't look that way.
MizJ - seems as if you were right - they are down 20% now and still falling
This is the second move in choosing the LGBT over their customers. About a yr ago they came out in support of Gays. That is not what a business does, and after compromising their customers credit card information, they should be focusing on their customer's safety economic, and otherwise.
I stopped shopping at Target when they came out of the closet over a year ago. I don't want to support a company that has chosen to lose focus on doing business with the public at large.
It also puts the employees at risk of having to follow the company line, and many may have reasons not to do so. Then, will Target coerce them into submitting to their will?
The courts have forced people to do business that is against their beliefs, and that is wrong. A business should be able to pick their customers. Now companies like target are pushing from the other direction of the courts.
The tail shouldn't wag the dog, and that is what is happening with the LGBT. The problem is that the whole country is setup for 2 biological genders, and there has to be a simple rule to pick one of the 2 that makes sense.
How do you tell the dif betw a TV and a TG?
The LGBT used their political powers, to get the thin edge of the wedge to militantly attack the NORMAL. Now they want to pound the wedge further into Normal to make the Ab Normal the New Normal.
That is very wrong because they constitute only a very small fraction of the total population, and that is reserved for the Norm.
Trying to equate the LGBT with Heterosexuals is like trying to equate the Left with the Right. They are diametrically opposite.
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 ?
So they stopped selling clubs to barbarians and their sales dropped. Whooped-dee-doo! I imagine a lot of people will be more likely to shop there (me included) if it means they are less likely to have to be around barbarians drooling all over their beatsticks.
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.
Ahh, so there's a million previous Target shoppers that are brainless. Unsurprising.
If deciding whether or not you can defecate or change your clothes next to a man or a woman in one unified area does Target in, but not compromised credit cards, people have their priorities royally screwed up.
It's funny what the media can make people think! Come on people!!! Target's stock was MUCH lower than this back in February and no one blinked an eye.
If they recovered from that, they will recover from this. I wish people actually looked at these things before making memes and thinking they accomplished something special.
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!
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
No, Unisex restrooms won't be the end of Target.
Stocks rise and fall based upon the market's (fear) of "what might happen". Most people who shop at Target probably don't even go to the restroom. Few people would pass up a good bargain on products just because of restrooms. Target simply hasn't been as competitive as Wal-Mart, Sears/K-Mart, Costco, and Amazon.
If I were in a restroom and a woman walked into a stall it wouldn't bother me. Most people don't go around exposing themselves in public restrooms. Toilets in Europe are unisex in many places.
Apple just lost billions of dollars on the market and it had nothing to do with restrooms. The stock market is always a predictor.
This is especially true if the product or service remains good.
On the other hand Chipotle lost billions over persistent E. coli and norovirus outbreaks people experienced from eating there.
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
Short term, it has their attention.
Long term, I don't think it will make much difference because they are so set in their far left political spectrum. The only thing that would do so is a well publicized abuse case of a man going into the women's changing room and assaulting someone, which the policy enables.
Social engineering is the correct word for it. Corporations are bending over backwards, as the saying goes, for the weirding of American society. Maybe Target needs to focus on doing business and stop commenting on or participating in social disputes.
Only Target can decide what Target's end will be. If you disagree with their decision, take your business elsewhere. When Target gets fed up with dealing with the mess they have invited into their stores, they just might reconsider their policy. That is their problem, not yours.
This reminds me of the Merry Christmas controversy a few years ago when some stores including Target decided to be more inclusive and told their employees to stop sayimg Merry Christmas to their customers and also dropping Chistmas tree in favor of holiday tree. It was a losing proposition which they reversed themself after public outrage. This bathroom directive is so unnecessary and a self made controversy. Are there going to be a bathroom police now? The focus should be on core business and let the people decide/ vote on these social issues IMHO
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
'3% in just 9 days' HA!
Retail stocks can rise/fall 10% in a single day and no one bats an eyelid (NEXT dropped 20% last month in JUST one day), that 3% fall whilst the others dropped 10% might mean that actually the unisex change benefited the company greatly
Seems like a strange move in any case, maybe it's just to save on electricity/water - that'll reduce costs and increase profits $$$ well played Target, and all under the guise of gender equality (???)
In my Target, there are no unisex bathrooms. So has this even happened yet in other Target Stores? No I will not boycott this store. I don't normally shop there because Wal-Mart is just across the street from there and I shop there more often since they have the grocery part as well and this cost less at Wal-Mart. The one thing I have noticed is if Wal-Mart doesn't carry something, you can find it most times at Target
A sexual predator was allowed into a women's shelter claiming to be ‘transgender’ to assault, the women there. That happened in Toronto. Gay/lesbian/trans/cross dressers (sexual deviants)are only 2% of the US population yet, Christians are forced to bake cakes for 2 men 'marrying' (Religious Freedoms?)or pay huge fines which ruin their entire family's lives. These are also the same people who're in with NAMBLA freaks and trying to 'normalize' pedophilia. These sickos are being given privileges over the general population. Ever see, the crime stats of homosexuals(serial killer problem)? Many are depraved in other ways than sexually .It's a humiliating time to be an American. Imagine what other countries think of us! Target was never a store, I cared for anyways. There WILL be assaults against women & girls if men are allowed in bathrooms, shower rooms, locker rooms. It's a free pass for deviates to harm our sisters, daughters, mothers & friends. LOOK at planned parenthood and the UN and their sick agendas.Watch:"Cultural Imperialism: The Sexual Rights Agenda" (StandForFamiliesWorldwide)& read;
"Targeting Children Comprehensive Sexuality Education (CSE)"(StandForFamiliesWorldwide)to learn just how bad these problems really are. Learn about Alfred Kinsey and ask WHY, PlannedParenthood & The UN are teaching his SICK,pedophile sex lessons to the world's children. This is so much bigger than the media likes to show. NO. Perverted sicko's do NOT have the right to use the same bathroom as my 8 y/o daughter. NO. NAMBLA should not be a LEGAL lobby group, fighting for their 'rights' to abuse our dear children, legally. "Gay rights" ARE tied in with pedophile 'rights'. This is the filth, we're supposed to graciously accept. Hell No.
Women and girls sharing restrooms with guys is not professional at all, from Target or anywhere else. People that are born male and decide they want to feel like a woman, should have their own restrooms. It's easy to just have 3 restrooms; 1 for people that are born female, 1 for people born male, and an extra restroom for others.
Having unisex public restrooms is making it too easy for child-molesters and perverts to blend in with girls. So if a guy feels like he wants to dress like a woman today and go in the women's restroom at Target then he will. It seems Target is now "trending" because of this bad decision.
Truthfully Target is simply trying to get more customers through there doors, in the attempt to profit more money, with the addition of transgender bathrooms. The corporation atmosphere in the United States is severly fierce , extremely intense, and highly competitive in todays times. With Wal-mart raking in the majority of the profits, many of it's retail competitors are perfectly willing to do just about anything to gain new customers. Theres quite frankly a retail and franchise corporate war for profits taking place in the country today. The addition and installation of transgender bathrooms might temporarily boost Target's sales from the transgender community. In the long-term this approach will also come with business repracussion in the future. There are many fake posing trandsgenders, sex offenders, violent rapists, sexual predators, and many other sexually perverted American citizens. Eventually after the trandsgender restroom is implemented and installed there will be many in the near future who will find loopholes to abuse the restroom situation for there own lustful desires.
The Texas Attorney General has weighed in asking how Target intends to keep their customers safe in this dangerous environment which could harbor criminal activity
http://www.cbsnews.com/news/lone-star-s … er-policy/
Seems it's not over just yet
This is hilarious because I needed to change my daughters diaper last year in a Target store and they didn't even have a disabled toilet that we could use. I had a choice of entering the men's toilets with her or leaving the store. Now they are claiming this?
All I can say is, that this was a publicity thing. They couldn't even cater for people before this change. Why change for one group of people but not parents?
Snopes says: "A dip in Target's stock price was not unusual, nor was it directly related to the boycott." I think we'll have to give this one more time to see the effect on the stock price, if there is one at all.
I'd hate to see them go out of business over this, but it is a serious issue. I love the store and love shopping there, but I don't feel safe using the bathroom or the dressing room. There have been incidents already and this is only the beginning.
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