Retail giant Target is losing sales and may be on track for another major stock-drop in the second quarter, analysts say, amid a growing boycott caused by the company’s transgender friendly policies.The company’s second-quarter sales, from April to June, may drop as much as 2 percent compared to the prior year, executives told reporters and Wall Street analysts. That’s “horrendous,” said Jim Cramer, founder of the stock-market website, TheStreet.com. The earnings prediction comes a month after the left-leaning company announced April 19 that it would allow men claiming to be women to use the women’s bathrooms and changing rooms at its stores. The decision has sparked a boycott petition effort that garnered over 1.2 million signers in only a week. Target executives deny the pro-family consumer boycott is making a significant difference. But, according to TheStreet.com, the business-news website, “We have seen a noticeable slowdown post-Easter,” Target CFO [chief financial officer] Cathy Smith said on a call with reporters. Target’s CEO Brian Cornell, who was also on the call, blamed the slowdown on unfavorable weather trends in the Northeast and volatile economic trends. Cornell also said the company has not seen a “material” impact to its overall business from the protests, but has seen some hit to sales in a “handful” of stores. He declined to quantify the extent of the hit, however. You almost got to wonder if Target after losses of now $10 billion, if this company is being forced by the Obama administration to press on with it's shared bathrooms and dressing rooms. For usually if a company decreases majorly in value they tend to stop the rules that made them lose the money. With it's now $10 billion dollar loss, which is a ten percent loss on the companies value America should only now be curious if Target is being controlled by the Obama administration. If these losses keep up we could possibly see the company go under within a year, because this $10 billion loss has only occurred in the first two months of this liberal policy.
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