#1 Target Abruptly Shuts Expansion Projects amid Boycott over Transgender Policy02-11-2017, 06:38 PMRetail giant Target has abruptly shuttered two high priority projects which were intended to guarantee the company’s future, amid the public boycott provoked by the company’s insistence on transgender-friendly, mixed-sex, dressing rooms.
Target announced the end of two projects as the stock price hit $64.77 at market close on Feb. 8. That’s down from $83 when the boycott began once the company made its transgender policy change on April 19. The stock price drop has slashed roughly $10 billion from the company’s value on Wall Street.
Target announced it was shutting down a project billed as the “Store of the Future.” The project was aimed at developing a new outlet design that would consist of a smaller upfront retail store fronting a warehouse with robots picking items for the customers up front, recode.com reported. The closure was so sudden that it caught the project’s manager by surprise
02-11-2017, 07:00 PM
- Join Date
- May 2008
- Locked in a Dungeon, being tortured and LOVING IT!
I don't really know if this was related to the boycott.
Look at what they were going to do.
Doesn't sound like the shopping experience I would want to do.Klaatu barada nikto
02-13-2017, 02:29 PM
Target was trying to make a deal to build a smaller store in the city of Detroit, near where the Whole Foods is located. There is not a lot of land available in that part of town, with the new hockey/b-ball stadium going in and the Med Center expansion. The successful Meijer stores in the city are smaller than their suburban counterparts, and tend to sell mostly groceries and clothing and less of the home stuff.
I don't know if they are still trying to get that deal or not.
|« Previous Thread | Next Thread »|