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 ...
It wasn’t a mistake.
Samuel L. Jackson says “Check out the BIG brain on Gerald!”
/G-rated
Jame Gumb is VERY disappointed!
That’s a bigger mistake than when they came to Canada.
I doubt they could sell $12 billion in tuck-ware, even if that was the only line they sell.
CEOs need to take notice and reconsider their marketing departments. A lot of firings might be in order.
Oopsies are too little, too late.
Then they would be made ineligible for bank loans under the new system and not be competitive with those that fall in line with DEI.
Their biggest mistake was putting it right next to the children’s section. And it wasn’t a mistake.
Would they have to pay back those bank loans?
People listen up: Some of the most successful and intelligent people have been known to make some of the biggest, stupidest mistakes. Wars get started and end that way.
These executives can and will lose their jobs but will they ever miss a meal in our economy/country? Success allows one to act on their whims. Think Nelson Rockefeller. He got into art and bought an art collection in his old age. He was also into sex with much younger women, a whim the rest of us can’t afford for more than reason. Think of how he died.
Can you imagine how frustrated Barak is these days knowing he could be another Tiger Woods? He’s taking one for the team, certainly not Moochelle. Heh heh.
Probably not, under the private profit and socialized losses regime.
I think maybe with all those tens of billions of dollars the government is sending overseas, a lot of it is laundered back into the country. Certain organizations and people getting it are offering Target, Budweiser, etc., reimbursement for their losses for their venomous attempts to destroy Christian culture.
I am beyond apologies or firings at this point.
I want AB and Target to be made examples.
I want Anheuser-Busch to to go the way of Schlitz and Target to become the next K-Mart.
yep, they should of stuck to the ubiquitous rainbow flag stuff, instead of jumping into the deep end with pedo groomer kid stuff
Another mistake they made was allowing men into women’s bathrooms and changing rooms!
In 3 days it will be 79 years ago that our grandfathers and some of our fathers waded ashore in France to free Europe from Real Nazis. It makes me sick to see these spoiled children of today that are free and safe thanks to those who paid the ultimate price. The hardest choice some of these children make today is will I be a perverted human being or not today...
Of course it had nothing to do with this -
https://www.huffpost.com › entry › target-single-stall-bathrooms_n_57b4b6bfe4b0fd5a2f40dee8
Target To Install Gender-Neutral Bathrooms In All Of Its Stores
Target CEO Brian Cornell announced the company’s intention to ensure that all its stores had the bathrooms as far back as May, but it revealed its $20 million investment on Wednesday. Target drew praise from LGBT rights advocates in April when it announced it would allow customers to use the bathroom of the gender with which they identify.
Congratulations Target. You had your Coca Cola moment. Now, just come out and say you have clothes for everybody. Apologize for not being “ inclusive.”
Nothing to see here.
BINGO! ESG driven by The Marxists.
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