Wait till they see the impact on sales.
Late July we’ll see they’re 2Q results.
The petition is near 1.1 M.
Multiply that by 10.
Maybe multiply that by 20. Companies used to say that for every complaint letter they got, 20 people thought the same thing even though they didn’t bother to write a letter. Same with objectionable TV shows.
Proper analysis compares Target stocks to other options investors had.
On April 28, 2016,
the S&P Consumer Staples Index (0.02%)
slightly outperformed the S&P 500 Index (-0.92%)
the S&P Consumer Discretionary Index (-1.1%)
the S&P 500 stocks have a monthly return of 6.6%,
which is much higher than the
S&P Consumer Discretionary Index 6.5%
S&P Consumer Staples Index 4.3%
The past plunge of Kmart and JCPenney can be directly attributed to boycotts by Traditional values customers.
But Montgomery Ward’s failure and struggles of Sears and Radio Shack are simply due to bad management. In the case of Sears bad home office middle management in Hoffman Estates IL.
If Traditional Values voices boycott Starbucks, Ben&Jerry or Abercromie & Fitch their sales from loyal anti-traditionalists actually go up.
The Left’s anti-immigrant/anti-grape pickers boycott of the ‘60s is by far the most unsuccessful boycott ever.
Boycotts must be very selective to be effective.
I stopped shopping there. Going to cancel my card after I pay off.
The petition is near 1.1 M.
Multiply that by 10.
—
Exactly! I know people like me that haven’t signed a petition but are boycotting Target.
I hope this is long term. The stock fell about 2.50 but the stock market overall fell this week so hopefully it has to do with bathroom and not normal correction.
“They’re” ?