Keyword: targetboycott
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The boycott cost the company millions in lost sales and added expenses. Shopper traffic and same-store sales started sliding for the first time in years after the blog post, and the company was forced to spend $20 million installing single-occupancy bathrooms in all its stores to give critics of the policy more privacy. Critics of the policy said it opened the door for sexual predators to victimize women and children inside the retailer's bathrooms, and more than 1.4 million people signed a pledge to stop shopping at Target unless it reversed the policy. Sales fell nearly 6% in the three...
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Target's weak store sales and its expectations for this quarter, released Wednesday, pushed shares down 9 percent in morning trading. Shares of almost every retailer followed suit in what is shaping up to be a miserable year ... Shares of J.C. Penney, Kohl's, Macy's and Nordstrom fell as well. Shares of Wal-Mart, which reports earnings on Thursday, fell almost 4 percent
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The Rev. Franklin Graham says Target CEO Brian Cornell is in denial over the reason for the company's plunging stock prices, insisting that the conservative boycott against the retailer's transgender bathroom policies is playing a key role. "Target stock is tumbling after they announced a pro-transgender restroom policy allowing men to use women's bathrooms and changing rooms. Stock value has fallen 20 percent and shareholder value has lost $10 billion since they began promoting this dangerous policy," Graham wrote in a Facebook post on Monday. He then referred to a media statement made by Cornell, where he denied suggestions that...
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Target stocks continue to fall and are at almost a $20 loss per share, but that isn’t stopping the retail company from suing one of their own customers who saved another shopper from a stabbing attack. Target stocks plunged $2.5 Billion in just 10 days once word got out about the company's pandering to less than half a percent of the population, which would open up bathrooms to those of the opposite gender. The stocks continue to fall and are at almost a $20 loss per share, but that isn't stopping the retail company from suing one of their own...
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A number of conservative groups started an anti-Target protest in the wake of the chain’s April 19 statement that transgender customers in its North Carolina stores could use restrooms and fitting rooms of the gender they identify with. “We observed a noticeable fall off in traffic at Target during the last week in April and a meaningful pickup at Walmart during that same time,” said Richard Chmiel, chief executive of RS Metrics, which uses satellites to monitor thousands of retail parking lots across the country in order to identify changing business trends. “We suspect the bathroom boycott which was gaining...
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CNBC’s Jim Cramer, host of “Mad Money,” said in an interview with TheStreet, Inc. that Target’s first quarter earnings report “stung.” Cramer said he had originally thought Target would be impervious to the effects Amazon has had on retailers and added Target has now “confused itself.” “I got to fall on my sword here,” Cramer said. “I thought that Target under Brian Cornell had made it so he was less Amazon-able and less worried about the consumer. The mix was not good. Apparel was not good, electronics not good; the guidance — horrendous. You know, we’ve been having such a...
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ust four days before Target's shareholder's meeting, "Don't Target Our Daughters Day" is Saturday, June 4th. THIS is the moment to stand together--outside a Target near you with signs warning shoppers about Target's open door policy to men (including predators and sex offenders) into the ladies restrooms and fitting rooms. Sign up at www.F2A.org
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Target Corp gave a cautious outlook on Wednesday after reporting a lower-than-expected increase in quarterly sales at established stores because of unseasonable weather and weaker demand for electronics and groceries. Shares of the company fell as much as 11 percent, their biggest intraday decline since December 2008, as investors shrugged off higher-than-expected earnings. The stock was down 7.1 percent at $68.27 in the early afternoon.
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In an attempt to calm the anger of the more than 1.2 million consumers who have pledged to boycott the store, the CEO announced the store’s plans to implement family bathrooms in all of its stores for people who may not feel comfortable in the traditional stall-by-stall bathrooms. “We’re committed over the next few months to make sure every one of our stores has that option, because we want to make sure that our guests be welcomed in our stores,” he explained. “But if there’s a question of safety, I can tell you and others, our focus on safety is...
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by Breitbart News14 May 20166,022 SIGN UP FOR OUR NEWSLETTER Hayley Peterson writes at the Business Insider: Target is facing a nationwide backlash for its support of transgender rights. More than 1.2 million people have signed a pledge to boycott the retailer after it announced last month that it would welcome transgender customers to use any bathroom or fitting room that matches their gender identity. Critics have been holding protests and demonstrations at stores across the country, and they are showing no signs of dying down. Many are demanding access to bathrooms of the opposite sex to support claims that...
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Target's stocks are imploding as over 1 million people have now signed the boycott pledge against the company for its bathroom and changing room policy to allow members of both sexes and those who are confused about their gender. Tim Wildmon, president of the American Family Association, the organization that hosts the petition, said that there were nearly 75 people per minute who were adding their names to the petition. "That's a million families who are going to spread the word about Target, so they may not get those customers back," Wildmon said. Target's "management is just going to have...
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Target’s stock price and its favorability among shoppers are crashing as the public rebukes the retail giant for ignoring their vigorous protest against mixed-sex changing rooms and bathrooms. The company’s stock was two cents shy of $84 on August 19, when it revealed it would not allow shoppers to use single-sex bathrooms or changing rooms. Instead, all rooms were opened up to anyone claiming to be of either sex. As of 4.00 p.m. Friday, the stock had dropped almost $4.50, down to $79.50. That’s a huge loss of 5 percent in stock value, costing shareholders roughly $2.5 billion in company...
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More than 1,000,000 people have signed the boycott pledge against Target, following the secretive decision by executives to open all of their stores’ bathrooms and changing rooms to people of both sexes. “That’s a million families who are going to spread the word about Target, so they may not get those customers back,” or their money, said Tim Wildmon, president of the American Family Association, which has hosted the boycott.
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The rights of transgender individuals have been in the news in a big way lately and one of the nation's largest retailers is now weighing in. In a post on its website Tuesday, Target reiterated an existing policy: that transgender employees and customers are welcome to use the bathroom or fitting room that corresponds with their gender identity. The post also expressed support for federal legislation protecting the rights of lesbian, gay, bisexual and transgender individuals. "Inclusivity is a core belief at Target," the post said. "It's something we celebrate. We stand for equality and equity, and strive to make...
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More than 167,000 people have signed a pledge to boycott Target after the retailer said it would welcome transgender customers to use any bathroom or fitting room that matches their gender identity. The boycott pledge was started by the conservative American Family Association (AFA). "Target's policy is exactly how sexual predators get access to their victims," AFA President Tim Wildmon said in an open letter. "This means a man can simply say he 'feels like a woman today' and enter the women's restroom...even if young girls or women are already in there." Wildmon urged people to sign the boycott pledge,...
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