Keyword: targetstock
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My iPad won't copy today, so I'm just posting the link.
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There are two indisputable facts surrounding Target’s decision to allow men to use the same bathrooms and changing rooms as women and little girls. First, Target’s stock has taken pounding since April. Second quarter earnings fell to $680 million, according to Market Watch. And revenue fell 7.2 percent. Second, more than 1.4 million consumers have joined American Family Association’s nationwide boycott of the nation’s second-largest discount retailer. The debate is whether there is a correlation between those two facts. Target CEO Brian Cornwell told Fortune magazine in May that the transgender bathroom policy has nothing to do with their financial...
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Target TGT -6.02% is spending millions to add private single-stall locking bathrooms at many of its stores as it looks to reverse a drop in shopper traffic, some of which may have been caused by the retailer’s transgender-friendly bathroom policy.
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Minneapolis — Target cut its profit and comparable-store sales outlook amid stiffer competition and its own stumbles in areas like grocery sales. The discounter’s second-quarter net income fell nearly 10%, though that was better than what most had expected. Sales at stores open at least a year fell 1.1%, reversing seven straight quarters of gains. Target shares were down more than 6% in mid-morning trading Wednesday. The quarter underscores challenges that Target and other retailers face from Amazon.com and shoppers who remain cautious about spending.
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Target’s annual shareholders meeting on Wednesday focused heavily on the company’s policy change allowing men who identify as women to use the women’s restroom. Many shareholders reportedly expressed their displeasure with the policy change and at least one shareholder publicly questioned whether the policy change is responsible for the company’s plummeting stock prices.
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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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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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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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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 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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