Want more hot BPR News stories? Sign up for our morning news blast HERE
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.
Sign up for our morning news blast HERE
DONATE TO BIZPAC REVIEW
Please help us! If you are fed up with letting radical big tech execs, phony fact-checkers, tyrannical liberals and a lying mainstream media have unprecedented power over your news please consider making a donation to BPR to help us fight them. Now is the time. Truth has never been more critical!
- Former Somali Muslim refugee defeats longtime Minnesota state representative - August 13, 2016
- Clinton Foundation donors page is now blocked: ‘This is a weird thing’ - August 13, 2016
- Trump announced his big move on the campaign trail in order to win election: ‘It’s set up, we have to do it’ - August 13, 2016
We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the ∨ icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.