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Target's market cap slumps by $15 BILLION amid backlash over 'tuck-friendly' transgender swimsuits and Pride clothes for kids, as analysts say retail giant is hemorrhaging customers to Walmart
UK Daily Mail ^ | June 10 2023 | JAMES GORDON

Posted on 06/09/2023 11:05:57 PM PDT by knighthawk

Target has shed $15 billion from its market cap, as outrage over its decision to stock 'tuck-friendly' transgender bathing suits and Pride merchandise grows.

On Friday, the Minneapolis-based firm's shares slipped by another 3.26 percent by close of trading. Target's share price now sits $126.99-per-share, down from a high of almost $162-per-share last month.

Before the becoming engulfed in the controversy Target's market value stood at over $74 billion, according to Dow Jones Market Data Group. Its market cap - calculated by multiplying the number of shares by the price per share - now sits at just $54 billion.

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


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: budlighted; clothes; clothing; genderdysphoria; gowokegobroke; homosexualagenda; retail; target; trans; tuckfriendly; walmart; woke
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To: Salamander

>Ain’t nobody putting that deviant crap on their critters.<

That brings up an interesting thought. I had my dog’s balls cut off when he was a pup and I never called him a her.

EC


21 posted on 06/10/2023 3:52:42 AM PDT by Ex-Con777
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To: knighthawk

Meet the “Team” that made this all possible.

Hahahahahaha!!

https://corporate.target.com/about/purpose-history/leadership

Make no mistake, The Vanguards and Blackrocks of the world will determine Targets future. Very much Woke company’s.


22 posted on 06/10/2023 4:03:35 AM PDT by DAC21
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To: pepsionice
I suspect the VP was briefed,

Ha...the jokes just write themselves

Would that be with or without the "tuck"

23 posted on 06/10/2023 4:03:40 AM PDT by spokeshave (Proud Boys, Angry Dads and Grumpy Grandads.)
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To: House Atreides

I always have the radio on in the morning. There was an ad for a sale of swimwear, at Target.

It seems they are a little confused


24 posted on 06/10/2023 4:47:15 AM PDT by SMARTY (“Liberalism is totalitarianism with a human face.” Thomas Sowell)
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To: knighthawk
Target has shed $15 billion from its market cap.... Target's market value stood at over $74 billion.... now sits at just $54 billion.

In some jurisdictions 74 minus 54 is 20, not 15. Guess it's different in DailyMail-land.

25 posted on 06/10/2023 5:00:49 AM PDT by Moltke (Reasoning with a liberal is like watering a rock in the hope to grow a building.)
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To: knighthawk

while working on a paper for my MBA I interviewed dozens of customers at Walmart and Target. I’m in Tallahassee where there is one Target and several Walmart’s. While I no longer have the raw data here is what I recall.

The average Target customer is a middle aged to older white woman. Walmart was about fifty-fifty on race except at a couple of them in the pricy end of town. Target customers were dismissive of other shopping options, but I finally figured out that the difference was that the other customers in Target were not poor or black. At the time the published statistics gave the average Target shopper’s family income at seventy-five thousand and the average Walmart shopper’s income at twenty-five thousand. The attitude of the typical Target shopper was “stuck-up.” The parking lot at a Target looked like a high end used car dealership. Walmart’s parking lot looked like a lot of the cars were awaiting the scratch and dent technician.

I don’t see the average Target shopper that I talked to going to a Walmart because they viewed Walmart as down-market. I do see them doing more shopping online. A target shopper is looking for a display item to enhance the nest. Food and essentials are an extra. Walmart shoppers were there for the essentials. Only the Walmart at the pricey end of town had things like dried flowers and vases.

Target shoppers where usually connected with state government, or the universities as measured by parking permits on their BMWs. It’s really hard to see them protesting the LGB agenda. However, as supportive as they are as a class, when the agenda looks like it will affect their family the attitude changes. (It’s okay for thee but not for me.)


26 posted on 06/10/2023 5:10:07 AM PDT by Gen.Blather (Wait! I said that out loud? )
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To: spokeshave

You can imagine a Princeton guy standing, as VP, and asking what a tuck is? Then he asks...you think people actually ask for crap like this?


27 posted on 06/10/2023 5:25:01 AM PDT by pepsionice
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To: ponygirl

Its where we used to eat Every Sunday Morning.


28 posted on 06/10/2023 5:29:46 AM PDT by momincombatboots (BQEphesians 6... who you are really at war with. )
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To: Fraxinus

“tuck friendly” womens(?) swim wear?
******
The thought of it gives me the creeps.


29 posted on 06/10/2023 5:30:13 AM PDT by yldstrk (Bingo! We have a winner!)
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To: Moltke

Other articles on Target have the current market value at $59 billion, so yeah, Daily Mail’s editing needs to work.


30 posted on 06/10/2023 5:30:50 AM PDT by CatOwner (Don't expect anyone, even conservatives, to have your back when the SHTF in 2021 and beyond.)
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To: knighthawk

I bought myself a new lamp and a fan last week. Went to Walmart to buy them instead of Target even though Target is much, much more closer to my home, right in town.

Yeah, I know Walmart is also on board with the woke agenda, but I have to pick my battles and I’m glad I helped play at least a small part in the downgrading of Target.


31 posted on 06/10/2023 5:40:35 AM PDT by lowbridge ("Let’s check with Senator Schumer before we run it" - NY Times)
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To: knighthawk

Tuck them.


32 posted on 06/10/2023 5:41:14 AM PDT by neverevergiveup
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To: DAC21

Management appears to be mostly white, with one each of a Hispanic, East Asian, and Asian Indian. No blacks in top management. Men outnumber women. One or more could be LGBTQ, but it isn’t evident from their biographies. The Target management is not an exemplar of the firm’s own DEI policies.


33 posted on 06/10/2023 5:59:28 AM PDT by Wallace T.
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To: knighthawk

There were a few things I’d pick up on an occasional Target run because I got decent pricing on them. This was mostly cleaning supplies, vitamins, face creams and hair products.

I have since discovered that the Drug Emporium one block away has even better prices for those items and no woke, gay, tranny stuff being shoved in my face. So that’s where I’ll go now for my every six weeks or so run to get those supplies.


34 posted on 06/10/2023 6:01:01 AM PDT by Allegra (Stop the Zeepers from Censoring FReepers)
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To: knighthawk

Dump Target Stock now, its going to the bottom.


35 posted on 06/10/2023 6:11:53 AM PDT by chopperk ( C)
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To: knighthawk

I wish I could boycott Target but I already did so many years ago I can’t remember.

I hope they go broke. These “Executives” running companies like AB, Target, HEB, Tractor Supply, LA Dodgers and so on very much need a HARRRRDDDDD LESSON in reality.


36 posted on 06/10/2023 6:29:34 AM PDT by Cen-Tejas
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To: House Atreides

They are still WOKE. Just not as blatant about it. Not been on the Navy base recently the Exchange is way too expensive, as is the Commissary.

As is Kroger’s. All the big 10 are.


37 posted on 06/10/2023 7:15:20 AM PDT by GailA (Constitution vs evil Treasonous political Apparatchiks, Constitutional Conservative.)
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To: Salamander

No sign of it in the PetSmart where I take our cat for grooming. Conservative exurban area.


38 posted on 06/10/2023 8:29:50 AM PDT by madprof98
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To: ponygirl

That’s a pretty obnoxious article. Obviously written by a liberal that has no clue what family values are supposed to mean.


39 posted on 06/10/2023 8:58:35 AM PDT by CottonBall (“Fascism should be called corporatism because it is a merger of state & corporate power" – Mussolini)
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To: pepsionice
I will say this...when you have a investment-fund company that owns 5-percent of a companies shares...they can find the votes to manipulate who gets on the board

Target is an excellent example of this, except there are multiple institutional investors accounting for ownership of 81% of shares. They are all woke and have similar social agendas.

40 posted on 06/10/2023 10:26:18 AM PDT by ConservativeInPA (Delay Trump’s trial, delay. Elect Trump President. Trump pardons himself.)
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