- Jul 2014
Two major things....Is a 30% loss in stock value a "handful of people"?
And, what will be the excuse when the stock doesn't recover as other similar retailers stock increase?
One was their massive credit card breach and the other was pulling out of Canada..
Another problem - more people than ever are using sites like Amazon
Target’s plunge prompted declines across the retail sector. Wal-Mart Stores Inc was down 2.0 percent, with Kroger Co down 1.2 percent and Macy's Inc off 1.7 percent. Dollar General Corp fell 4.2 percent.
"It's that drum beat of bad retail news of the big-box retailers. So in case you thought maybe that was over, Target certainly reminded us all that it didn't," said Mark Spellman, portfolio manager at Alpine Funds in Purchase, New York.
"(It) underscores the travails that have been going on in the industry."
Target's profit outlook sinks retail stocks | Reuters
My local Target is always busy during the day and zero protests.
So yeah, nothing at all to do with their trans policy.