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Thread: Target boycott affecting quarterly revenue

  1. #1

    Target boycott affecting quarterly revenue

    -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.

    Dan Celia with Financial Issues Stewardship Ministries reacts to the report:

    "Target reported that its earnings are up, but more importantly than earnings are same-store sales [revenue], which are down 1.1 percent or $1.3 billon," he points out. "And notably, same-store sales are down for the first time in more than two years. [They] also cut their 2016 outlook. After this report, we're seeing a pre-market drop of 2.6 percent."

    Celia continues:

    "Back in the middle of April, we saw Target share price at $84 a share, only to drop to $66 a share by the middle of May – all of this in the middle of a boycott of Target by shoppers with a petition with [almost] 1.4 million signatures from shoppers committing not to shop at Target stores...

    http://www.onenewsnow.com/business/2...egy-backfiring

  2. The Following 4 Users Say Thank You to krystian For This Useful Post:

    Ezekiel 33 (08-26-2016), GodismyJudge (08-18-2016), Romans828 (08-18-2016), victoryword (08-18-2016)

  3. #2
    Senior Member Romans828's Avatar
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    They will never get another dime from me...

    Just sayin'

  4. #3
    * Toxic Troll - Negative Nancy Farm Truck's Avatar
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    Well then, be prepared to boycott all big companies cause they are all caving in to all forms of twisted sexuality...

  5. #4
    Well now, look what was also in the news, seems they are caving a little:


    Target Adds Private Bathrooms to Quell Transgender Debate

    -Target Corp. said it will spend $20 million to add a private bathroom to each of its stores by next year, following customer protests over its policy allowing transgender individuals to use whichever restroom corresponds with their gender identity...

    http://www.foxbusiness.com/markets/2...er-debate.html

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    Romans828 (08-18-2016)

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    * Toxic Troll - Negative Nancy Farm Truck's Avatar
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    Ah, but a BIG question remains... what if you were a "normal" person and had to go real bad and the other bathrooms were full or otherwise unavailable?

    Could a normal person use the transfender bathroom or would they be arrested and charged with a hate crime?

    I'm sure someone will try this out before long, maybe hoping to win a lawsuit and by that new house and car

  8. #6
    Senior Member Romans828's Avatar
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    Quote Originally Posted by Farm Truck View Post
    Well then, be prepared to boycott all big companies cause they are all caving in to all forms of twisted sexuality...
    I hear ya...

    However, I do what I can to avoid those companies if there is an alternative - Just as I don't patronize Home Depot any more - Lowe's is just fine.

  9. #7
    The single restrooms are quite common here and have been for years. They are called family restrooms. Many of the big box stores have them. I use them sometimes.

  10. #8
    Quote Originally Posted by Romans828 View Post
    I hear ya...

    However, I do what I can to avoid those companies if there is an alternative - Just as I don't patronize Home Depot any more - Lowe's is just fine.
    Ditto.
    This I say therefore, and testify in the Lord, that ye henceforth walk not as other Gentiles walk, in the vanity (futility) of their mind, having the understanding darkened...
    (Ephesians 4:17-18)

    Blessed is the man that walketh not in the counsel of the ungodly...
    (Psalm 1)

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    Administrator fuego's Avatar
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    Dr. Brown weighs in on Target's decision to spend $20 million to install private bathrooms for those objecting to its "inclusive" bathroom policy.


    Basically he says you need to reverse your position, make the bathrooms 'normal' again, and if you identify as LGBT, then use the new single bathrooms they are installing.


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    Ezekiel 33 (08-26-2016)

  13. #10
    * Toxic Troll - Negative Nancy Farm Truck's Avatar
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    he says you need to reverse your position, make the bathrooms 'normal' again, and if you identify as LGBT, then use the new single bathrooms they are installing.
    He should be saying what John the Baptist was saying... "REPENT, for the Kingdom of God is at hand!"

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