Target Retailer Hits $15 Billion Loss Since Pro-Transgender Announcement

May 2012
68,016
13,515
By the wall
#1



It seems Target made a serious business mistake by this announcement last year.

"Everyone deserves to feel like they belong," the post said. "And you'll always be accepted, respected and welcomed at Target."

Target Retailer Hits $15 Billion Loss Since Pro-Transgender Announcement - Breitbart

Now apparently, according to the WSJ, the CEO never would have agreed with this announcement had he known about it.

Here is his quote:

Target CEO Brian Cornell never approved the post and found out about it only after it was published, according to The Wall Street Journal.

He later told colleagues that he wouldn't have approved the decision to "flaunt" the policy and that the backlash was "self-inflicted," The Journal reported. https://www.wsj.com/articles/how-target-botched-its-response-to-the-north-carolina-bathroom-law-1491404107

Now on the other hand let's look at a company such as Chic-Fil-A who said this:

Chick-Fil-a owner , S.Truett Cathy, set off a fury among supporters of equal rights for gay people[/a] when he told Baptist Press that the company was "guilty as charged" for backing "the biblical definition of the family unit."
'Guilty as charged,' Cathy says of Chick-fil-A's stand on biblical & family values

Now since this uproar the left threw after the company said this their sales have soared. Chick-fil-A keeps growing despite uproar | Atlanta: News, Weather and Traffic

Does this mean that the nation as a whole is against these transgender laws coming out?
 
Dec 2014
13,714
11,356
NWOHQ
#3
Does this mean that the nation as a whole is against these transgender laws coming out?
Not necessarily, as retail figures are down everywhere. Is this merely the product of said policy, or just a feature of the economic climate?

I'd be very surprised to find that Joe Public actually cares that much.
 
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Likes: 1 person
Sep 2006
5,985
6,161
Englewood, Fl
#4
Pretty much a quantum leap to see causality here. Target is one American company with soul and humanity interests. If you see that as wrong, I pity you.
 
Likes: 2 people
May 2012
68,016
13,515
By the wall
#5
Not necessarily, as retail figures are down everywhere. Is this merely the product of said policy, or just a feature of the economic climate?

I'd be very surprised to find that Joe Public actually cares that much.
Not according to the article.

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.
Target is down 30%.

Quite a large difference.
 
Likes: 1 person
Dec 2014
13,714
11,356
NWOHQ
#6
Not according to the article.
Well, retail figures are down, and if the article attributes Target's losses to some change in policy, then the author may have a barrow to push don't you think? Come on, we both know that Brietbart is a highly partisan shit site for muckrakers, so why are quoting it?

Target is down 30%.

Quite a large difference.
So is the quality of their goods (clothing is crap and unravels after two or three washes). Sure, we can gay bash and kid ourselves that this is the cause, but let's get real here. Most people don't care and shop where there is value for money. If the customer believes that he or she isn't getting value for money, they tend to vote with their feet.
 
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Likes: 1 person
Dec 2014
13,714
11,356
NWOHQ
#7
Pretty much a quantum leap to see causality here. Target is one American company with soul and humanity interests. If you see that as wrong, I pity you.
Yeah, how fucking disgusting is that? How dare they take the moral high ground by not joining in the gay bashing.
 
Likes: 1 person

Southern Dad

Former Staff
Feb 2015
40,580
8,517
Shady Dale, Georgia
#8
Not necessarily, as retail figures are down everywhere. Is this merely the product of said policy, or just a feature of the economic climate?

I'd be very surprised to find that Joe Public actually cares that much.
That's pretty interesting. WMT stock price 4/11/2016 was $67.40 and is now $73.06, TGT stock price 4/11/2016 was $79.77 and is now $53.79.
 
Likes: 1 person

Southern Dad

Former Staff
Feb 2015
40,580
8,517
Shady Dale, Georgia
#9
Well, retail figures are down, and if the article attributes Target's losses to some change in policy, then the author may have a barrow to push don't you think? Come on, we both know that Brietbart is a highly partisan shit site for muckrakers, so why are quoting it?

So is the quality of their goods (clothing is crap and unravels after two or three washes). Sure, we can gay bash and kid ourselves that this is the cause, but let's get real here. Most people don't care and shop where there is value for money. If the customer believes that he or she isn't getting value for money, they tend to vote with their feet.
Most people don't really care about the policies of the store they are shopping at, however, there are those that do care. The protests outside of Target stores have been an indication of this. Their plummeting stock price has been a result. Corporations should stay the hell away from political topics. They have freedom of speech but as we see there are consequences. Like it or not, Target is being impacted by announcing this policy.
 
Likes: 1 person
May 2013
12,457
6,952
Banned Camp Segregation Unit
#10
Big Box city sucks, I hope they all collapse. Every fuckin' town in this country looks the same. Travel to Winchester, Virginia or Louisville, Kentucky, "Oh, there's a Target, a WalMart, a Best Buy, gee, what a surprise!" Same gas stations, same restaurants, same same same. Boring!
 

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