Target Stock Falls Further As Embattled Retailer Posts Sales Figures
Target Corp. stock fell Wednesday as the giant retailer reported below-projected sales figures through the end of April.
The lower-than-expected results increase pressure on Target, which is facing a consumer boycott in the wake of its late April announcement that it would allow transgender individuals to use whatever bathroom or fitting room they please.
Before the markets opened Wednesday, Target shares were trading at $68.15, a 7.4 percent drop — the largest in seven years. In early trading the stock had fallen to $66.74. Before the new bathroom policy was announced April 19, Target shares closed at $83.98.
From Western Journalism