9:18 AM - Target Loses $10 Billion Promoting Sexual Perversion
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
Amid Target's troubles, Costco and the Walmart company will likely gain, he said.
The AP notes that Target isn't the only retailer to see a drop in profits with Nordstrom, T.J. Maxx, Walmart, J.C. Penny, Khol's and Macy's all seeing a downturn as Obama's economy continues to struggle. But with the added pressure of the boycott movement, target's fall has been worse than its rivals.