As Public Advocate predicted: Target Loses $1 Billion, flushes another $20 million down "single sex" toilets
Public Advocate joined several pro-family groups in urging a boycott of Target over its anti-Christian pro-pervert policies of promoting "transgender bathrooms" which has resulted in an invasion of the privacy of women and children in their store's bathroom and their changing rooms.
The Associated Press reports:
Target Corp. cut its profit forecast and a key sales outlook Wednesday as it saw fewer customers in its stores and acknowledged it didn't push the second part of its "Expect More, Pay Less" slogan.
The Minneapolis-based discounter's second-quarter net income fell nearly 10 percent, though that was better than what most had expected. Sales at stores open at least a year fell 1.1 percent, reversing seven straight quarters of gains. Its main competitor, Wal-Mart Stores Inc., reports results Thursday.
Target's shares fell $4.74, or 6 percent, to $70.74 in afternoon trading
One News Now Reports BOYCOTT HAMMERS TARGET INTO GROUND
A financial expert argues that regardless what Target says, the four-month-long boycott of the retailer by a pro-family group is at least part of the reason the company's revenue has dropped more than a billion dollars in the last quarter.
Target reported today it has 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 percent, though that was better than what most had expected.
According to The Associated Press, sales at stores open at least a year fell 1.1 percent, reversing seven straight quarters of gains. Shares fell nearly 4 percent in before the opening bell Wednesday.
TARGET CONTINUES DOWN THE PATH OF SELF DESTRUCTION "FLUSHING" $20 MILLION ON SINGLE SEX BATHROOMS
CNN MONEY REPORTS:
Target, facing a boycott over its policy of allowing transgender customers and employees to use the bathroom of their choice, says it will spend $20 million to expand bathroom options at all of its U.S. stores.
Target (TGT) CFO Cathy Smith said Wednesday that the company has heard objections to the transgender bathroom policy from some customers, though she said other customers had voiced support. In response, Target has decided to expand its use of a third, single-toilet bathroom at all of its stores, which can be locked by users.
That bathroom can be used by any customer who needs some privacy, including parents with small children of a different gender or those who are uncomfortable with a public bathroom in which a transgender person is allowed.