Target Gets Bad News Amid Push for ‘Pride’ Products

Contact Your Elected Officials

Target’s stock has dropped more than 10 percentage points since the company drew controversy for unveiling its latest line of LGBT products.

Since the backlash hit Target, the Minneapolis-based retailer’s stock has dropped some 12 percent, according to data published by the Dow Jones Market Data Group.  That amounts to a loss of more than $9 billion in market value, the data show.

On Wednesday, May 17, right around the time the controversy erupted, Target’s stock closed at $160.96 per share, giving the firm a $74.3 billion market capitalization. But about nine days later, on Friday, May 26, the company’s stock slid to $138.93.

In the midst of the backlash—led by prominent conservative Twitter accounts—the company confirmed in a news release that it removed some of its “pride collection” clothing and placed those items in the back of stores in some locations. But the release attempted to cast the blame on individuals who were leading the boycott, alleging that there have been “threats” targeting Target employees’ “sense of safety.”

“Since introducing this year’s collection, we’ve experienced threats impacting our team members’ sense of safety and well-being while at work,” the firm said, without elaborating on the specific threats. It’s not clear if any police reports were filed by the company. “Given these volatile circumstances, we are making adjustments to our plans, including removing items that have been at the center of the most significant confrontational behavior,” it also said.

Boycott

Starting earlier this month, some conservative influencers noted that the company was selling children’s clothing and products with LGBT imagery and statements, including LGBT-themed clothes for newborn infants.

Target’s website shows it recently released a “Pride Collection” for 2023, including the aforementioned onesies for infants. One onesie includes the statement “Bein Proud,” while another features rainbows and hearts along with what appears to be the transgender flag colors of dull pink, white, and light blue.

By Jack Phillips

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

ChatGPT Goes Biblical about End Times!

There are some truly outstanding internet content creators, or...

Bangkok Indians: ‘You Are Lucky Man’

In Bangkok, friendly prostitutes outside “massage” shops tell me I’m “so handsome man.” Indian men prowling those streets tell me I’m “lucky man.”

Epstein’s Niece Exposes the Illuminati!

There is a shocking interview by the podcaster Shaun Attwood, an English former ecstasy trafficker turned YouTube podcaster, speaker, activist, and author.

When Gynocrats Attack: Innocent Locker Room Talk Interrupted By Rabid Karen

The question posed: “Who do you think has a...

Obama’s Treason is a Betrayal of American Democracy and Demands Real Accountability

Few scandals have cast a longer shadow than the 2016 Russia investigation—the manufactured crisis by President Obama designed to cripple Trump's presidency.

Trumps America: Welp… that backfired.

The official @TheDemocrats account posted chart with the caption “Trump’s America” — but didn’t seem to notice how their own graph actually works.

Education Department to Release Billions in Withheld Grant Money for Schools

Dept. of Education said OMB completed a review of 2025 public education allocations “and will begin dispersing funds to the states next week.”

Judge Maintains Nationwide Block on Trump’s Birthright Citizenship Order

A federal judge in Massachusetts has maintained his nationwide block on President Donald Trump’s policy restricting birthright citizenship.

COVID-19 Pandemic Accelerated Brain Aging Even in People Who Didn’t Get Virus: Study

Brain aging appears to have accelerated by months during COVID-19 pandemic, even in people who did not get sick from the virus, according to study.

Ex-DOJ Officials File Lawsuit Against Bondi Over Terminations

Former DOJ officials filed lawsuit against AG Bondi and the fed. govt, saying they were terminated for work on cases related to Jan. 6 Capitol breach.

Odds of U.S.-EU Trade Deal Are 50–50 Ahead of Tariff Deadline: Trump

President Donald Trump said there’s a 50–50 chance that the United States will finalize a trade deal with the European Union before an Aug. 1 deadline.

Trump Pulls Habba’s Nomination for New Jersey’s Top Prosecutor, Making Her Acting US Attorney

President Trump withdrew his nomination of Alina Habba to serve as NJ’s top federal prosecutor, making her Acting US Attorney.

Trump Says He Wants Musk’s Companies to ‘Thrive Like Never Before’

On Thursday, President Trump said, “I want Elon, and all businesses within our Country, to THRIVE, in fact, THRIVE like never before!”
spot_img

Related Articles