Target’s market value has dropped by nearly $10 billion since it announced on April 19 that it intended to implement transgender bathrooms in its retail stores.
Writing for American Thinker, Sierra Rayne noted how the liberal mainstream media has been trying to spin this bad news by blaming it on everything else but Target’s absurd transgender bathroom policy.
For instance, the Associated Press pointed to similar drops in market value by J.C. Penney, Kohl’s, Macy’s and Nordstrom, but failed to mention that they “are not Target’s true competitors” and that “their market caps are much smaller than Target’s.”
— AP Business News (@APBusiness) May 18, 2016
Plus, if you compare Target’s market value drop to the ones being experienced by its primary competitors, you get a very lovely and telling chart.
The difference in drop between Target’s value and those of its competitors is YUGE!
This means one and only one thing — Target’s epic drop had nothing to do with shared economic conditions or climate change (and yes, some liberals did in fact to blame this drop on climate change), but rather on its transgender bathroom policy.
Typical Liberal.. Always someone else’s fault.. Climate change is reason for sales drop not their bad choices https://t.co/CENwTcUTs4
— TRUMPsTina (@tinahuntsme) May 24, 2016
It also had to do with the boycott petition that the American Family Association launched against Target. That petition was up to almost 1.3 million signatures by late May and only growing in strength.
Sorry, Target, but this is what happens when you put the petty concerns of a select few aggrieved whiners over the legitimate need for safety felt by millions of American mothers and fathers.
Your pals in the liberal media can try to spin it any which way they desire, but the truth is the truth!