As the Queen of Denial, Target's CEO Brian Cornell claims that his company's bathroom policy has nothing to do with the massive loss in market cap experienced by Target since the policy came into force on April 19. Back in late May, Cornell performed a Milli Vanilli and blamed it on the rain, claiming that "[i]t's been a very wet and cold start to the year, and it's reflected in our sales[.] ... We haven't seen anything from a structural standpoint that gives us pause." At the latest shareholders' meeting, the CEO stood his ground, insisting, "Target has suffered no negative financial impact due to the much hated bathroom policy." This is clearly incorrect. Since April 19, Target (TGT) has massively underperformed its main competitors, including Costco (COST), Walmart (WMT), Dollar General (DG), and Dollar Tree (DLTR): Costco's market cap change is unchanged from April 19, while Walmart is up 1.0%, Dollar General has...(Read Full Post)