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Target's market cap slumps by $15 BILLION amid backlash over 'tuck-friendly' transgender swimsuits and Pride clothes for kids, as analysts say retail giant is hemorrhaging customers to Walmart
UK Daily Mail ^
| June 10 2023
| JAMES GORDON
Posted on 06/09/2023 11:05:57 PM PDT by knighthawk
Target has shed $15 billion from its market cap, as outrage over its decision to stock 'tuck-friendly' transgender bathing suits and Pride merchandise grows.
On Friday, the Minneapolis-based firm's shares slipped by another 3.26 percent by close of trading. Target's share price now sits $126.99-per-share, down from a high of almost $162-per-share last month.
Before the becoming engulfed in the controversy Target's market value stood at over $74 billion, according to Dow Jones Market Data Group. Its market cap - calculated by multiplying the number of shares by the price per share - now sits at just $54 billion.
(Excerpt) Read more at dailymail.co.uk ...
TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: budlighted; clothes; clothing; genderdysphoria; gowokegobroke; homosexualagenda; retail; target; trans; tuckfriendly; walmart; woke
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To: pepsionice
This is great info. Let us know more when that meeting is over.
41
posted on
06/10/2023 10:54:28 AM PDT
by
EliRoom8
To: arthurus
Walmart has pride merchandise, but it’s all tame rainbow stuff. Nothing like tuck swimsuits for kids.
To: Fraxinus
No pragmatism. If they absolutely insisted on having garb like that, they could have put it up for online sales. There are other ways to "support the community" than taking up valuable floor/shelfspace for low to no sales items - except maybe for places like in San Fransicko, Oak Lawn vicinity of Dallas and other such locales. They picked it as the defining hill to die upon, sinking the entire ship.
43
posted on
06/10/2023 12:56:37 PM PDT
by
lapsus calami
(What's that stink? Code Pink ! ! And their buddy Murtha, too!)
To: Laslo Fripp
Flame away. I’ll be a great-grandfather soon, and have broad shoulders.
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My oldest great grand child is 18. I hope I live long enough to see a great great.
44
posted on
06/10/2023 8:20:29 PM PDT
by
Graybeard58
(Celebrating 42 years of sobriety this year, thank you Heavenly Father.)
To: pepsionice
trying to convince locals that ‘pride’ means something entirely different from Trans-stuff.
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Tell them that “pride” is a group of lions.
45
posted on
06/10/2023 8:25:37 PM PDT
by
Graybeard58
(Celebrating 42 years of sobriety this year, thank you Heavenly Father.)
To: Moltke
In some jurisdictions 74 minus 54 is 20, not 15. Guess it’s different in DailyMail-land.
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Math is racist.
46
posted on
06/10/2023 8:28:17 PM PDT
by
Graybeard58
(Celebrating 42 years of sobriety this year, thank you Heavenly Father.)
To: Graybeard58
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