Target sales drop, stock loses $10B since boycott started,
5/23/16
On a media call last, week Target CEO Brian Cornell was
asked if the boycott had an effect on their sales or stock price. He responded
by saying "To date we have not seen a material or measurable impact on our
business. Just a handful of stores across the country have seen some activity
and have been impacted."
Did you hear that? When asked about over 1.25 million people
who are boycotting his store he shrugs it off and uses the word
"handful."
Don't let Target's arrogance fool you. We are having an
impact and the boycott is making a difference.
Since we launched the Boycott Target Pledge April 21, over
1.25 million people have signed on. Another interesting fact, Target has
remained silent on Facebook and Twitter. The most recent post on Target’s
Facebook page came April 23, and their Twitter has been silent since April 19.
According to Breitbart News "Target's stock has fallen
20 percent - from $84 per share to $67 per share - since it imposed the
pro-transgender policy on its customer base of families. That loss has chopped
roughly $10 billion from the overall shareholder value of the company,
according to a chart produced by Yahoo.com."
AFA's reason for boycotting is to see Target reverse their
policy and send a message to other companies that it’s bad business to embrace
this LGBT political agenda over common sense and safety
In comparison to other major retailers, Target's stock has
dropped three and four times more than the stock of its competitors. While
there are many factors at play in the stock market, we do believe the boycott
has played a role in the company’s public image and ultimate stock fall the
past four weeks. I say all of that to say this; your efforts are making an
impact.
Take Action: NEW!! Urge everyone you know to sell their
Target Stock. Print this AFA Pass Along Sheet and distribute to friends and
family. If you haven't already, sign the Boycott Target Pledge.
Tim Wildmon, President, American Family Association
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