Target’s stock has dropped and more than 1 million consumers have pledged to boycott the retail giant after it announced an “inclusive” policy allowing individuals to use the restroom or fitting room of their choice, based on their gender identity.
“In our stores, we demonstrate our commitment to an inclusive experience in many ways,” Target announced April 19. “Most relevant for the conversations currently underway, we welcome transgender team members and guests to use the restroom or fitting room facility that corresponds with their gender identity.”
Target common stock dropped from opening price of $83.50 per share April 19 to a closing price of $79.99 per share May 3—a 4.2 percent decline over the past two weeks. Its closing price of $83.98 on April 19 was the highest since July 2015.
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