Target CEO insists plummeting stock has nothing to do with backlash, then gives this embarrassing reason

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After Target announced a month ago that biological men who identify as women would be allowed to use the women’s bathroom, Target’s stock has plummeted 12 percent.

But, Target CEO Brian Cornell says it has nothing to do with transgender bathroom policy and everything to do with the weather.

In a statement to the Wall Street Journal, Cornell said the plummeting stock is largely due to a season of thunderstorms and rain.

“It’s been a very wet and cold start to the year and it’s reflected in our sales,” Cornell said. “We haven’t seen anything from a structural standpoint that gives us pause.”

The free-falling stock value for Target came after over a million customers have signed a ‘Boycott Target’ petition by the American Family Association in a huge consumer backlash against the retail store.

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John Binder is a Political Reporter for BizPac Review and can be reached at [email protected] John's reporting has been featured at the Drudge Report, Fox News, National Review, the National Journal, the Gateway Pundit, Breitbart, the Daily Caller, the Hayride and RedState. Follow John on Twitter at @JxhnBinder.
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