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 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.
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??
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.
They are a sick retailer for this.
A draq queen in front of every store to wave the millions of customers in would work./s
This is soooo stupid....women don’t have anything to “tuck”......
Target showed their true colors 20 years ago when they banned the Salvation Army from setting up outside their doors.
Megan Marshack. A name from the past.
Everything he says might be true but Jerry Storch has a few casualties under his own belt.
...the company's controversial 'tuck-friendly' swimwear set FOR CHILDREN, toddlers and infants...
They keep leaving that part off.
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.”
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