The CEO of US retailer plc , Brian Cornell , has been challenged by shareholders concerned that his commitment to the company ’s transgender changing room policy has cost the company almost 20 % of its value . Mr Cornell refused to reverse the policy and stated that it had caused no negative effects , even though the company has lost $ 10bn in stock price since its inception in April . Data retailer company RS Metrics has identified a “ noticeable decline ” in business at Target retailers , accompanied by a corresponding increase at competitor Walmart , since opponents of the policy called for a boycott of the firm .
The CEO of US retailer Target, Brian Cornell, has been challenged by shareholders concerned that his commitment to the company’s transgender changing room policy has cost the firm almost 20% of its value. Mr Cornell refused to reverse the policy and claimed that it had caused no negative effects, even though the company has lost $10bn in stock price since its introduction in April. Data monitoring company RS Metrics has identified a “noticeable fall” in business at Target stores, accompanied by a corresponding increase at competitor Walmart, since opponents of the policy called for a boycott of the firm.