Want more hot BPR News stories? Sign up for our morning news blast HERE
Traditional Americans are sure to characterize Target’s plummeting stock as poetic justice.
Following Target’s recent stance in support of transgender customers and employees, which allows men who identify as women to use whichever bathroom or fitting room they want, the nation’s second largest retailer’s stock price has dropped 5.8 percent.
Target said the policy is based on the belief that everyone “deserves to be protected from discrimination, and treated equally.”
“Consistent with this belief, Target supports the federal Equality Act, which provides protections to LGBT individuals, and opposes action that enables discrimination,” the company said.
The “inclusivity” policy has resulted in a storm of controversy, with over 1 million people pledging to boycott Target.
The American Family Association launched a petition calling for a boycott of the retail giant last week, warning that the policy puts women and children in danger. The number of signatures was at 1,092,033, as of this writing.
“Nearly everyone has a mother, wife, daughter or friend who is put in jeopardy by this policy,” president Tim Wildmon said. “Predators and voyeurs would take advantage of the policy to prey on those who are vulnerable.”
Wildmon stressed the family advocacy group “does not believe the transgender community poses this danger,” saying the “misguided and reckless policy provides a possible gateway for predators.”
The Family Policy Institute released a statement Friday pointing how just how significantly Target’s stock has been hit.
“Amid the turmoil surrounding the new policy and the immediate abuse of it in Missouri, the company’s stock fell from $84.10 per share on April 19 to roughly $79.36 as of Friday morning,” the FPI noted.
“That loss of $4.74 per share, if constant, would represent a corporate loss of over $2.5 billion.”
A steep price to pay to eschew traditional American values.
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!
- Did Sunny Hostin just admit on air to breaking the law by voting for her son? - November 8, 2022
- Stacey Abrams justifies trailing in the polls by suggesting black men are too stupid to back her - November 7, 2022
- Kevin McCarthy has message for Pelosi telling Dems to ‘change the subject’ away from inflation - October 24, 2022
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.