Retailer Target Abruptly Shuts Expansion Projects amid Boycott over Transgender Policy
Retail giant Target has abruptly shuttered two high priority
projects which were intended to guarantee the company’s future, amid the
public boycott provoked by the company’s insistence on
transgender-friendly, mixed-sex, dressing rooms.
Target announced the end of two projects as the
stock price hit $64.77 at market close on Feb. 8. That’s down from $83 when
the boycott began once the company made its
transgender policy change on April 19. The stock price drop has slashed roughly $10 billion from the company’s value on Wall Street.
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