Target loses $9B in week following boycott calls over LGBTQ-friendly kids clothing

submitted by sproketboy from nypost.com

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[–]TheMaharishi 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 2 fun -  (1 child)

Damn imagine making so much money. That a slight dip in sales. Costs you 9 billion dollars IN A WEEK. The amount of presidents you could buy with that money XDDDDDDDDDD

[–]ExplodingToasterOven 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

lol! That's market valuation of their stock. Actual gross sales are around $106 Billion, profit on most items is going to be roughly 8-15%, smaller impulse items, considerably more markup, but way high risk of spoilage, "shrinkage" meaning theft, breakage, got crammed in the back, and lost in the back of shelf crunch, or some newbie on the walkie-stacker popped 300 pounds of candy while trying to fit it between the top shelf, and the ceiling girders. :D

https://www.macrotrends.net/stocks/charts/TGT/target/revenue https://www.statista.com/statistics/255957/revenue-of-target-in-north-america/