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Former Target exec says Pride collection's 'tuck-friendly' swimwear was the 'biggest mistake' after company lost $12 billion in market value since mid May
Daily Mail UK ^ | June 3, 2023 | Alyssa Guzman

Posted on 06/03/2023 5:00:47 PM PDT by Morgana

Former Target executive said the retailer's biggest mistake was selling 'tuck-friendly' swimwear for Pride, which has led to a $12billion loss since mid-May.

Former Target Vice Chairman Gerald Storch believes the company's controversial 'tuck-friendly' swimwear set Target's Pride collection apart from others for the worst.

'I've never seen a case where one item, that tuck swimsuit, that's really what made the difference versus the competitors. That's where the big mistake [was] made,' he told Fox and Friends.

He said other companies carried colored plates and gingerbread houses and that's 'fine' because 'who cares? Everybody carries that stuff.'

Target suffered another financial setback after JPMorgan downgraded its stock as its market value plummeted by $12billion, amid backlash to its controversial LGBTQ Pride product release.

'Target stock has certainly been performing poorly off 11 percent year-to-date. So that's not good, and certainly, this boycott of the whole issue here isn't helping. It's very distracting to have that going on in the business. But there are more fundamental concerns with that, with the environment, with the consumer and with the business here,' Storch said.

The brand's shares dropped for the ninth consecutive day Wednesday, falling by a further 2.14 percent as the company is in the midst of its longest stock-losing streak in 23 years.

Before the controversy, the company's market value had been $74billion, with shares trading at $160.96 at the close of markets on May 17.

And despite efforts by the brand to backpedal on its disastrous campaign, continuous stock falls led JPMorgan to downgrade its stock from 'neutral' to 'overweight' on Thursday, citing 'too many concerns rising.'

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy
KEYWORDS: clothing; retail; target; trans
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To: Morgana

It was more than one single item. It was every item that targeted children. Do they not understand that? Oh, and that satan crap didn’t help.


41 posted on 06/03/2023 6:24:13 PM PDT by HollyB
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To: Morgana

There is a little bit in us all, just not THIS type of freak. Anyone notice how common transsexuals have become? In 72 years of life I had no idea they were more common than left handed people. Who knew??


42 posted on 06/03/2023 6:27:51 PM PDT by scottiemom (As a retired Texas public school teacher, I highly recommend private school. Written in 2015.)
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To: E Pluribus Bellum

Yep.

And they still insist that having MEN in a women’s bathroom or changing room is A-OK.

F them. I hope they have to shut their doors.


43 posted on 06/03/2023 6:58:22 PM PDT by Cowgirl of Justice
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To: Morgana

They are a sick retailer for this.


44 posted on 06/03/2023 7:03:30 PM PDT by inchworm (al )
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To: Morgana

A draq queen in front of every store to wave the millions of customers in would work./s


45 posted on 06/03/2023 7:05:27 PM PDT by dynachrome (“We cannot save Ukraine by dooming the US economy.” Rand Paul)
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To: Morgana

This is soooo stupid....women don’t have anything to “tuck”......


46 posted on 06/03/2023 7:06:59 PM PDT by caww (O death, when you seized my Lord, you lost your grip on me......)
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To: Morgana

Target showed their true colors 20 years ago when they banned the Salvation Army from setting up outside their doors.


47 posted on 06/03/2023 7:11:53 PM PDT by Pelham (President Eisenhower. Operation Wetback 1953-54)
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To: Jim Noble
Megan Marshack


48 posted on 06/03/2023 7:18:41 PM PDT by Pelham (President Eisenhower. Operation Wetback 1953-54)
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To: Pelham

49 posted on 06/03/2023 7:21:35 PM PDT by windsorknot
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To: Pelham

Megan Marshack. A name from the past.


50 posted on 06/03/2023 7:26:18 PM PDT by ladyjane
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To: Morgana
From the article; Former Target Vice Chairman Gerald Storch

Everything he says might be true but Jerry Storch has a few casualties under his own belt.

51 posted on 06/03/2023 7:31:59 PM PDT by T.B. Yoits
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To: Morgana
Maybe I'm just a cynical person but I find it difficult to believe these marketing and merchandising executives don't realize the decisions they're making would have a negative impact on the company they're working for. I recognize these people are the product of our institutes of higher indoctrination and have been brainwashed by grey-ponytails who believe that Capitalism is evil. I wonder if their little saplings are finally bearing fruit for them.
52 posted on 06/03/2023 7:56:16 PM PDT by liberalh8ter (The only difference between flash mob 'urban yutes' and U.S. politicians is the hoodies.)
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To: Morgana
... the company's controversial 'tuck-friendly' swimwear set...

...the company's controversial 'tuck-friendly' swimwear set FOR CHILDREN, toddlers and infants...

They keep leaving that part off.

53 posted on 06/03/2023 11:18:48 PM PDT by philman_36 (Pride breakfasted with plenty, dined with poverty and supped with infamy. Benjamin Franklin)
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To: Jonty30
I think this is a Target in Canada, too (ROTFLOL)


54 posted on 06/04/2023 11:04:02 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: Morgana

The baby clothes didn’t help, either. Both were sickeningly decadent in a supposedly general population store.

Those items belong in redlight districts or available from the web. That’s why God invented the “plain brown wrapper.”


55 posted on 06/04/2023 4:44:13 PM PDT by Albion Wilde (“There is no good government at all & none possible.”--Mark Twain)
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