Author Topic: Target Abruptly Shuts Expansion Projects Amid Boycott  (Read 1151 times)

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Offline HAPPY2BME

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Target Abruptly Shuts Expansion Projects Amid Boycott
« on: March 16, 2017, 11:44:44 AM »
Don't let the so called "fact checkers" like Snopes fool you. The Target boycott is having a significant impact on the retail giant.

    Together we are making an unprecedented financial impact on a corporation whose policy is to allow men to use women's restrooms and dressing rooms. - AFA Sr. VP Buddy Smith.

FACT: Despite Target's denial, the boycott is dealing a crippling financial blow to the company. Since it was launched in April 2016, Target has seen a significant drop in foot traffic to their stores. Effects of the boycott are also clear in Target's financial report released February 28. The report reflected a dramatic drop in Target's sales and earnings during October, November, and December.

FACT: Snopes.com ignores the assessment of others outside the corporation. Here are some recent news headlines…

    Transgender Backlash? Target Stock Takes Biggest Plunge EVER
    Poll: Vast Majority Of Americans Believe Bathrooms Should Be Linked To Biological Sex
    Target Retailer Hits $15 Billion Loss Since Pro-Transgender Announcement
    Target Stock Is Even Worse Than Q4 Earnings Suggest
    Target Abruptly Shuts Expansion Projects amid Boycott

FACT: Target Stock Price
First day of boycott (4-21-16) - $83.98
This week (3-14-17) - $54.73 Stock has lost 35%


http://www.afa.net/the-stand/culture/2017/03/target-abruptly-shuts-expansion-projects-amid-boycott/

Offline HAPPY2BME

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Re: Target Abruptly Shuts Expansion Projects Amid Boycott
« Reply #1 on: March 16, 2017, 11:47:08 AM »
Target Abruptly Shuts Expansion Projects amid Boycott

Retail giant Target has abruptly shuttered two high priority projects which were intended to guarantee the company’s future, amid the public boycott provoked by the company’s insistence on transgender-friendly, mixed-sex, dressing rooms.

Target announced the end of two projects as the stock price hit $64.77 at market close on Feb. 8. That’s down from $83 when the boycott began once the company made its transgender policy change on April 19. The stock price drop has slashed roughly $10 billion from the company’s value on Wall Street.

Target announced it was shutting down a project billed as the “Store of the Future.” The project was aimed at developing a new outlet design that would consist of a smaller upfront retail store fronting a warehouse with robots picking items for the customers up front, recode.com reported. The closure was so sudden that it caught the project’s manager by surprise.

This project was expected to incorporate its Internet-based e-commerce offerings and was also set to offer space for customers to attend classes or have “meet-ups.”

The second project was codenamed “Goldfish,”and it was intended to create an online marketplace upon which other retailers and manufacturers could sell products to customers through Target.



www.breitbart.com/big-government/2017/02/08/amid-falling-stock-prices-retailer-target-abruptly-shuts-high-profile-growth-projects/