This is how capitalism works. People vote with their feet, and their dollars.
Are people who are upset with Target’s tranny bathroom policy driving right by & heading into their local Wal-Marts? Sure looks that way.
Via YoungCons: “Over a million people signed a petition pushing back against Target’s strange decision to allow customers to use whichever bathroom they feel more comfortable in.
Clearly, millions of people across the country don’t think it’s a good idea to eliminate gender roles and let women fend for themselves with males in the bathroom.
Many people have speculated that Wal-mart will see a boost in business after we started to see hints that Target’s business was starting to struggle.
Thursday, more evidence supporting that conclusion was revealed.”
From CNBC: Wal-Mart Stores on Thursday reported a higher-than-expected quarterly profit and revenue, as sales in the U.S. market rose and the retailing giant kept a lid on costs.
Shares of Wal-Mart rose 7.5 percent in premarket trading following the announcement.
“Traffic has not been up year over year in the comp traffic for six consecutive quarters,” he added in a separate “Squawk Box” interview.
But other major retailers, excluding Home Depot and Lowe’s, have been reporting dismal quarterly results.
Case in point, Target on Wednesday reported a lower-than-expected increase in sales at established stores as consumers spent more on big-ticket purchases like homes and cars than on discretionary items like apparel.
Quarterly revenue at Target was short of estimates, though earnings did beat expectations.