Posted on 08/16/2023 2:04:16 PM PDT by Morgana
Target's quarterly sales declined for the first time in six years, with one company executive blaming the drop on the "strong reaction" to its Pride merchandise. Target faced a backlash against its LGBTQ+ merchandise earlier this year, with some conservative shoppers vowing to boycott the store.
The retailer's sales at stores open at the same time a year ago declined 5.4% in the second quarter, the company said on Wednesday. On a conference call to discuss the results, executives, including CEO Brian Cornell, primarily blamed wider economic issues for the drop, such as pinched consumers who are cutting back on spending amid higher inflation and the resumption of student loan payments this fall.
But some executives also pointed to the Pride backlash as an issue that ate into sales. "The headwinds were incremental, including the strong reaction to this year's Pride assortment," Chief Growth Officer Christina Hennington added on the call.
Amid criticism in May from some customers over merchandise featuring rainbows and the word "Pride" commemorating the fight for LGBTQ+ equality, the retailer pulled some items off its shelves after employees encountered threats and harassment. Last month, seven U.S. state attorneys general sent a letter to Target warning that some of the clothes sold as part of the company's Pride month campaigns might violate their state's child protection laws.
The backlash meant that "many of our store team members face a negative guest reaction to our Pride assortment," CEO Brian Cornell said on the conference call.
Target's Pride merchandise line isn't new; the retailer has offered it for over a decade, Cornell added. But he said that this year workers "began experiencing threats and aggressive actions that affected their sense of safety and well-being while at work."
(Excerpt) Read more at cbsnews.com ...
That’s what you get for pandering to less than ten percent of our population!
So the tuckable swimsuit for men who think they are women didn’t boost sales?
Or money is running low for some of their customers.
31 straight months of plus 2% inflation can do that.
are you referring to the dylan special?
LOL yes that’s the one. Dylan’s favorite.
Embrace the suck, Targhetto. It’s only just begun.
Target’s sales slump
Xi not going to like that export sales drop.
It was them targeting children with the pedo agenda products that angered people.
You got something there but the LGBTQ controversy is the gasoline on the fire so to speak IMHO.
Keep the pressure on Target, till they are no more, and go bankrupt. All we need to do is cut their profit margin to zero. Even if they make cuts, we keep on cutting their profit margin down. Till total income is less than expenditures and obligations.
Their prices are high and their quality is so so.
Probably 1% real “can’t stop myself” gays. The rest think that any new trend is probably righteous and are willing to try anything.
Notice that none of these corporate douches that made these decisions has been fired.
Even in the case of Bud, only lower level scapegoats were fired. While the CEO claims that he didn’t know anything about the marketing of their best selling product.
You got something there but the LGBTQ controversy is the gasoline on the fire so to speak IMHO.
************
True statement.
It’s a combination.
There’s nothing at Target that you can’t find at Walmart. They’re really crappy little stores anyway. So, you can kiss my money goodbye Target. You won’t be missed.
Tuckable swimsuits were not just for men but for young boys too. That’s where the real outrage boiled up.
Activists like to parade around whatever they’re pushing. A lot of us are sick and tired of it.
I agree. Unless you happen to shop at one of the combat zone Walmarts, Walmart’s just as good. Target has been one of the most out and proud woke corporations. Now they can reap what they’ve sown. Profit margins in retail are slim anyway. I most heartily hope they redline
It is about time some normies have begun to wake up.
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