Target market value drops $9 billion in a week amid boycott over pride offerings | Just The News
By: Ben Whedon (Just The News)
S E E D E D C O N T E N T
Retail giant Target has lost billions in market value amid public outcry over its offering of LGBTQ-themed clothing for children.
Company market cap amounted to $74.3 billion as of last Wednesday, according to the New York Post. But by the end of trading on Thursday, that figure stood at 64.96 billion, meaning Target lost more than $9 billion in value in slightly over a week.
The company attracted bad press last week over its offering of such items, which including children's clothing, books, and dog toys. Among the most controversial were "tuck-friendly" swimsuits intended for transgender adults.
Target reportedly held an "emergency" meeting this week that resulted in an order to relocate pride displays in stores and to downsize them, according to one company insider. The brand subsequently removed certain LGBTQ products from a UK-based designer who also sells Satanic merchandise.
The company's backtracking on its pride plans has attracted criticism from the political left, including California Democratic Gov. Gavin Newsom, who deemed the capitulation the result of a "systematic attack on the gay community happening across the country."
Consumers have not just punished Target over LGBTQ issues in recent weeks. Beer brand Bud Light has witnessed a marked decline in sales ever since an ill-fated partnership with transgender influencer Dylan Mulvaney. Target leadership has reportedly sought to avoid a so-called "Bud Light situation."
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Target, like Anheiser Bush, found out the hard way that not everybody supports the woke bullshit being pushed on them.
Hooray!
The crazies have found a way to do even more damage to the country...
Damage?
Exactly what "damage" is being done?
"Crazies" aka Kmart shoppers who decided they prefer not to shop at Kmart.
What "damage" is being done to the country? Kmart is suffering- but like Budweiser- money is still getting spent; but it is going elsewhere.
Remember when leftists were against corporations like Budweiser and Kmart? That hey damaged small businesses and drove down labor costs. Seems that if they are "woke" enough none of that other garbage matters anymore to leftists.
Any business that wants to cater to far left radicals can suffer the same damn fate. They need to service and care for their customers and grow base; not appease left wing might mental midgets that don't seem to have any money.