Target CEO Claims Bathroom Policy Not Hurting Sales – This Is What He Blames for Sales and Stock Free Fall
Target made a decision to jump into the middle of a politically charged issue.
They made an open statement that their restrooms and changing rooms would be pro-transgender.
As a result, a massive revolt and boycott against Target happened.
Sales and stock prices of Target dropped like a rock.
As retailer Target sees its stock plummeting and sales dropping in the midst of a boycott over its recently announced pro-transgender bathroom policy, the company’s CEO is insisting the weather is the cause of falling sales, not the company’s bathroom policy.
In a recent Wall Street Journal interview, Target CEO Brian Cornell pegged the downturn in the company’s fortunes to the cold weather as opposed to anything the company itself is doing or not doing.
“It’s been a very wet and cold start to the year and it’s reflected in our sales,” Cornell told the paper. “We haven’t seen anything from a structural standpoint that gives us pause.”
In other words, the weather is responsible for the downturn, not Target’s “structural” transgender bathroom policy.
It’s the cold weather? What a joke! How can anyone, or any Wall Street analyst, take this CEO seriously?
It’s the perfect liberal cop-out.
Blame it on climate change.
Then if anyone questions your reasons, you can call them uneducated since the science is settled.