Posted on 05/25/2023 3:25:18 PM PDT by Morgana
Target's market capitalization has shed more than $8 billion in the past week as investors weigh the impact of conservative backlash to the retailer's LGBT collection for Pride Month.
On May 17, before the controversy exploded, Target shares closed at $160.96, giving the retailer a market valuation of roughly $74.3 billion.
On Wednesday the stock closed at $143.10, down 11.1 percent from a week earlier, for a market cap of $66.1 billion, down $8.2 billion from a week earlier. The shares dropped a further 2 percent in early trading on Thursday and sat near a 52-week low.
Meanwhile, presidential candidate Vivek Ramaswamy has lashed out at Target over the retailer's LGBT collection, saying products such as trans-friendly swimwear 'spit in the face' of conservative customers.
'Target just put a target on its back from its base of consumers,' said Ramaswamy, a longshot candidate for the GOP presidential nomination, in an interview with Fox News Digital on Wednesday.
'Just ask Budweiser how that worked out for them,' he added, referring to a similar controversy over Bud Light's marketing partnership with a transgender influencer in April.
This week, Target removed certain Pride Collection products from its stores after facing customer backlash, saying it was acting to protect employee safety.
'If a company makes a conscious business decision to alienate a significant portion of its customer base, then it's totally fair game for its customers to respond accordingly,' Ramaswamy said.
(Excerpt) Read more at dailymail.co.uk ...
Conservative ETF sells Target stock over ‘woke’ agenda!:
American Conservative Values ETF divests all Target holdings, puts retailer on blacklist amid LGBTQ merchandising controversy!:
https://www.foxbusiness.com/markets/conservative-etf-sells-target-stock-woke-agenda
TARGET Published May 25, 2023 4:26pm EDT
These companies still don’t get it; the LGBT+XYZ do not run the country.
The three percent (and I'm being generous) should not be catered to over the other 97%.
In the last week stock has dropped from 160 per share to 140. The chart is dramatic.
Why haven’t the stockholders of Anheiser-Busch and Target demanded emergency stockholders’ meetings, and ousted company management? Failing to do so implies that the stockholders (including large institutional owners) approve of the tranny/LGBQTYSIEJ pandering, as well as major losses.
Interlocking Directorates, Board Members sit on each other’s boards, “You scratch my back, I’ll scratch yours”.
That’s why nothing will change.
I preferred Target over Walmart and used to like their prices and selections. I mostly bought cosmetics, vitamins and cleaning products there because I got decent prices for them.
I have avoided Walmart like the plague for decades.
Now that Target has decided to market depravity, especially to children, I’ve learned that I can get the items I used to get there at Drug Emporium and Big Lots for even better prices. No more Target.
Targeted weaponized boycotts work.
Target???
What’s a target?
Go woke, go broke!!!!
Done with those DB’s too!!!!!
I’ve already been boycotting Target since they threw out the Salvation Army. Can’t boycott any harder.
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