Posted on 05/28/2023 9:40:08 PM PDT by Morgana
Target has lost more than $10billion in market capitalization in the span of 10 days - as it continues to face backlash for Pride-themed merchandise.
Prior to the controversy - which stems over a LGBTQ-geared clothing campaign that touts 'tuck-friendly' bathing suits and pro-trans T-shirts for kids - Target shares were trading at $160.96, giving the retailer a market valuation of roughly $74.3billion.
By the time The New York Stock Exchange (NYSE) closed Friday, the blue-chip stock was trading at $138.93 - marking a market valuation of 64,2billion, and loss of $10.1billion.
The sum, moreover, stands as the superstore's lowest market value in an entire year - all achieved in a matter of days as customers swear off its products in response.
As this consumer-led retaliation continues to be felt, Texas Senator Ted Cruz devoted an entire episode of weekly podcast Friday to the backlash, classifying the burgeoning boycott as one difficult to achieve, but on that's ultimately warranted.
Likening the task to conservative pushback against DeSantis opponent Disney, the 52-year-old politician said the response currently being seen against the Minneapolis-based megastore is warranted, claiming Target 'disrespected' their customers with the recent rollout. However, the senator said a successful boycott would be a lofty task, saying it would be tougher for conservatives to stop giving their hard-earned cash to a department store like Target rather than a beermaker like Bud Light.
'Conservatives have typically been not very good at boycotts,' Cruz explained on his Verdict podcast Friday, commenting the recent controversy is indicative of how 'big companies don't understand their customers and don't respect their customers.'
(Excerpt) Read more at dailymail.co.uk ...
We ceased shopping at Targee’ when they banned the Little Red Kettle - Salvation Army. It was years before the welcoming of pedophiles into the bathrooms. Between this latest insanity, and the looters, perhaps Targee’ will go the way of other woke wackos. Good riddance.
Here’s hoping they go bankrupt. I hope the folks who have nothing to do with this crap business policy find other jobs in much better places.
And since that ban, the Salvation Army has gone around the woke bend.
It is a bit beyond that, Senator.
Tuck Farget.
Tuck ‘em good.
The CEO said it was a good thing. Enjoy your bankruptcy.
Target was not my first store for groceries and items. I did use them occasionally if convenient. When they went transgendered bathrooms I never went in their store again. This old grandfather has a problem with my innocent granddaughter going into that bathroom.
Beware an old man that loves his grandchildren, he might kill you.
What’ll happen here....as the stock price dips from $140 down to the $70 level...someone will come in with a hostile take-over situation to buy 51-percent of the company. I’d give them 8-to-12 months before this erupts.
The trans-thing was just half the issue....this demon-satanic t-shirt design was the other half.
Target is targeting Conservatives to keep them out of their stores. We need Kmart back, or Ames or Caldor...or Bradlees
The queer contingency is retaliating against Target for reconsidering their bottom line. No domestic terrorism or hate crimes identified with numerous bomb threats against Target:
4200 Kent Rd, Stow, OH 44224 - Simply an isolated incident of mental illness.
5584 Dressler Rd NW, North Canton, OH 44720 - Simply an isolated incident of mental illness.
417 Boardman Poland Rd, Boardman, OH 44512 - Simply an isolated incident of mental illness.
5555 Youngstown Warren Rd, Niles, OH 44446 - Simply an isolated incident of mental illness.
87 Wagner Rd, Monaca, PA 15061 - Simply an isolated incident of mental illness.
815 W 2000 N, Layton, UT 84041 - Simply an isolated incident of mental illness.
5800 S Redwood Rd, Taylorsville, UT 84123 - Simply an isolated incident of mental illness.
1290 N State St, Provo, UT 84604 - Simply an isolated incident of mental illness.
Two Target stores in Salt Lake City, UT - Simply an isolated incident of mental illness.
Kmart closed a few years back and they were family friendly. What is it about Target that keeps them running?
Not enough. We need to hurt target, kohl’s, amazon and others much more.
I used to give a sum of money to The Salvation Army, and would not pass a kettle without sticking cash in it.
No longer. I would rather burn money than give it to them.
Dump Target Stock now.
I felt the opposite. I liked being able to walk out of Target without running the gauntlet of institutional begging. Some stores around here seemed to have a different charity or even multiple ones every week. It felt like the scene near Airplane where the pilot had to fight his way through an army of solicitors.
Now their children’s satanic clothing line is putting the nail in their coffin.
Trans designer dumped by Target explains how he got smeared as Satanist
Transgender designer Erik Carnell was dropped by Target after a smear campaign calling him a Satanist.
Activists soon discovered Carnell’s independent web store, where he has sold, among other items, pins and medallions that used satanic and occult imagery to make points about transphobia. A lavender, goat-headed medallion that reads “Satan respects pronouns” is among his most popular designs. A pin depicting a guillotine with the label “Homophobe Headrest” might be the edgiest.
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