Target may be hoping shoppers will forget about its unsafe and controversial restroom and fitting room policy, but so far, it’s not working. Earlier this month, analysts at Goldman Sachs downgraded Target to a “sell” from “neutral,” according to Investor’s Business Daily. The downgrade came soon after the retailer lowered earnings guidance for the fourth quarter and fiscal year 2016, which ended yesterday, blaming weak holiday sales.
While some retailers in general have seen sagging sales, Target is experiencing its lowest stock price in two years, closing at just over 64 on Monday. And the American Family Association (AFA) says the more than 1.4 million shoppers who have signed its #BoycottTarget pledge since April are making a real difference. READ MORE