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| Target loses $10B in 10 days as stocks fall following boycott over LGBTQ-friendly kids clothing |
| 2023-05-29 |
| [NY Post] Target has lost $10 billion in market valuation over the last 10 days as the popular retailer continues to face backlash over its Pride-themed clothing line for children. A week ago Wednesday, Target enjoyed its stock value at $160.96 a share, but following the calls to boycott the Minneapolis-based retailer over its "PRIDE" collection, the value plummeted and closed Friday at $138.93 a share. The nearly 14% drop in value for the blue chip stock roughly translates to a $10.1 billion loss in valuation to just $64.2 billion for Target, which has nearly 2,000 stores nationwide. The plummet stands as the retailer’s lowest stock price in nearly three years. The last time the company saw a drop nearly this big came in 2022 after the stocks equalized following an unprecedented surge during the COVID pandemic. Target, which has been caught in the middle of America’s culture wars over gender, moved its Pride section in some Southern stores away from the front last week after it said displays were knocked over by protesters, who also confronted workers. The retailer also said it would remove items from the collection, but did not specify which ones. Among the ones that garnered the most attention were "tuck-friendly" women’s swimsuits that allow trans women who have not had gender-affirming operations to conceal their genitalia, as well as rainbow-themed children’s clothing. While many have likened the conservative boycott against Target to that of Bud Light — which saw sales crash after partnering with transgender influencer Dylan Mulvaney — Texas Sen. Ted Cruz doubted the backlash against the retailer would be as impactful. Speaking on his podcast Friday, the Republican said that while multiple alternatives exist to replace Anheuser-Busch’s brands, the same is not so for Target. |
| Posted by:Frank G |
| #13 The screws were made with good quality steel and will generally not strip out if you use the correct sized tool, get a straight grip and seat on them. Ain't that the truth. Been watching Band of Brothers, and it is so full of commercials it would be over if played straight and just finished Bastogne. Interestingly, about 3/4 of the commercials are in a way direct competition to Target - home shopping options and food delivery. One of the few remaining reasons somebody would want to go to the store would be to make sure clothing fits, and they just shit all over that. Think we are past the point when stock decline could be due to solely looting. Sorry, "Declining Profit Margins." |
| Posted by: swksvolFF 2023-05-29 18:07 |
| #12 I don't have to boycott Target. The one nearest me went bust several years ago. |
| Posted by: Deacon Blues 2023-05-29 11:57 |
| #11 @#3 - We might need to start working on our social credit scores. With a CBDC waiting in the wings, we may not have a choice. Besides, just ask the Canadian truckers and their supporters from last year. Even GoFundMe was in bed with Ottawa. |
| Posted by: DooDahMan 2023-05-29 11:05 |
| #10 A good set of screw extractors and rounded nut grabbers are a must nowadays. |
| Posted by: M. Murcek 2023-05-29 10:56 |
| #9 /\Generic chinese made crap is generic chinese crap. I have a couple of coffee cans full of old fasteners. Both slotted screws and phillips head. The cans were family 'pass-downs' and many are 60+ years old. The screws were made with good quality steel and will generally not strip out if you use the correct sized tool, get a straight grip and seat on them. Not so with the stuff you buy today. You know where it's manufactured, and you know how easily they strip out. I think the old US fastener companies are all gone now. Wood and sheet metals screws, yes a small thing, but indicative of everything else I guess. Very sad in my opinion. |
| Posted by: Besoeker 2023-05-29 10:51 |
| #8 Speaking on his podcast Friday, the Republican said that while multiple alternatives exist to replace Anheuser-Busch’s brands, the same is not so for Target. Bull-Shit. Generic chinese made crap is generic chinese crap. |
| Posted by: swksvolFF 2023-05-29 10:39 |
| #7 Target loses $10B in 10 days as stocks fall following boycott over When blacks rioted and burned their outlets the only things they didn't take were the GROQMER+ items. |
| Posted by: swksvolFF 2023-05-29 10:35 |
| #6 They aren't caught in the middle of anything. They took a side and an aggressive one at that. This isn't about some fruity rainbow T shirt. The garments in question generally have tranny propaganda slogans. Let's not overlook the coloring books for children as young as 2 years old. Somebody, somewhere is sure spending an awful lot of multilayered resources on pushing this crap. This isn't the acceptance of mental illness or tolerance. This goes beyond championing or even celebrating this malignant sickness as well. This is getting to be the storm troopers emptying every store and cafe out so the people can 'spontaneously' heil in the streets as the occupying force marches in. |
| Posted by: Cesare 2023-05-29 08:50 |
| #5 When blacks rioted and burned their outlets, they asked themselves why are they so upset and pander to their whims. When whites are boycotting their product they're simply dismissed as knuckle dragging bigoted troglodytes. The natives are agitated. If upper management doesn't quickly get a very serious 'head and spacing' adjustment they will inherent the wind. Tossing 30% of your market to appeal to 8 or .7% isn't good business. |
| Posted by: Procopius2k 2023-05-29 08:04 |
| #4 Nearly everything in a Target store is made in China. I say good riddance. |
| Posted by: Besoeker 2023-05-29 07:25 |
| #3 Coming soon - your tax refund will be a voucher you can only spend at woke businesses. |
| Posted by: M. Murcek 2023-05-29 07:18 |
| #2 Breitbart - Gay Rapper Lil Nas X Mocks Backlash to Target’s ‘Pride’ Clothing for Children |
| Posted by: Besoeker 2023-05-29 03:07 |
| #1 Oh gee darn. What you get for pushing this on the normies where they want your toddler to tuck. |
| Posted by: DarthVader 2023-05-29 00:54 |