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Target in free fall: Retail giant’s market value plunges by $13billion as shares drop by another 2.14% for the ninth consecutive day as chain scrambles to recover from backlash against Pride ‘tuck-friendly’ swimwear range
Daily Mail UK ^ | 12:06 EDT, 1 June 2023 | By ROHAN GUPTA

Posted on 06/01/2023 9:40:46 AM PDT by Red Badger

Some of the range was designed by Erik Carnell, a trans man and 'Satanist'

Retail giant Target's market value plummeted on Wednesday by $13 billion as shares dropped by for the ninth consecutive day by a further 2.14 percent.

It comes as the chain seeks to recover from backlash against its female swimwear range which gives adult wearers the option to 'tuck' male genitalia.

The company's market value had been $74 billion - with shares trading at $160.96 - as of May 17. But stock fell later that week when it made 'adjustments' to its Pride merchandising plans, including removing displays 'that have been at the center of the most significant confrontational behavior' at some of its stores, said CEO Brian Cornell in a statement last week.

Some Southern stores were forced to move merchandise - many of which were designed by Erik Carnell, a transgender man and self-proclaimed Satanist - to the back of stores.

It was done to avoid a 'Bud Light situation' - a disastrous marketing decision to promote Bud Light's beer with trans influencer Dylan Mulvaney - following a consumer boycott of its Pride Month items.

Erik Carnell, transgender designer and artist whose products were pulled by U.S. retailer Target from its Pride Collection amid backlash from some of their customers

Carnell said his designs - which are printed on pins, stickers and T-shirts - have been labeled 'Satanic' - but were not those being sold in Target as part of Pride month.

Companies like Target that launch products and campaigns for Pride Month seek to profit from LGBTQ people but fail to stand by them when challenges arise, Carnell said.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: erikcarnell; pride; target; transagenda
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1 posted on 06/01/2023 9:40:46 AM PDT by Red Badger
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To: Red Badger

target the child abuse and pedophilia place to shop!


2 posted on 06/01/2023 9:42:31 AM PDT by TexasFreeper2009
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To: Red Badger

I hope Chick-fil-a is watching.


3 posted on 06/01/2023 9:43:59 AM PDT by DaBroasta ("An armed society is a polite society" Heinlein)
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To: Red Badger

Free fall.

FREE FALL

FREE FALL!!!!

Good grief.


4 posted on 06/01/2023 9:45:19 AM PDT by Fury
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To: Red Badger

Dump Target stock now; don’t support perverts.


5 posted on 06/01/2023 9:46:04 AM PDT by chopperk
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To: Fury

Shouldn’t that be one word?

But then again, it’s a British site................


6 posted on 06/01/2023 9:46:29 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

7 posted on 06/01/2023 9:47:15 AM PDT by PGR88
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To: Red Badger
"labeled 'Satanic' - but were not those being sold in Target as part of Pride Abomination month."

Transgenderism is inherently Satanic anyway.
8 posted on 06/01/2023 9:47:21 AM PDT by Telepathic Intruder
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To: Red Badger

Target will double down like they did with the Transgenders in Bathrooms. Their CEO believes they’re on the right side of history


9 posted on 06/01/2023 9:50:47 AM PDT by Jan_Sobieski (Sanctification)
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To: Jan_Sobieski
Their CEO believes they’re on the right side of history

But they are not on the 'right side' of God!....................

10 posted on 06/01/2023 9:52:32 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

Let the LGBTQer’s and all the Woke sympathizers keep Target in business. If that’s who they prefer as customers then exclusively grant them their wish.


11 posted on 06/01/2023 9:53:50 AM PDT by tflabo (Truth or tyranny )
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To: Red Badger

But they got a shiny gold star for their ESG score.


12 posted on 06/01/2023 9:58:54 AM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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To: Red Badger

Find the compensation deals for the executives. Go for what breaks their personal earnings at the company. Just beating down stock values can cause executives exercising stock purchase options at a discount.


13 posted on 06/01/2023 9:59:19 AM PDT by blackdog ((Z28.310) My dog Sam eats purple flowers.)
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To: TexasFreeper2009

14 posted on 06/01/2023 10:00:00 AM PDT by T.B. Yoits
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To: Red Badger

How many more days of this before Targay is in financial trouble?


15 posted on 06/01/2023 10:02:07 AM PDT by Fai Mao (Starve the beast and steal its food!)
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To: Red Badger

No one cared about target’s pride marketing in past years


16 posted on 06/01/2023 10:05:33 AM PDT by newzjunkey (We need a better Trump than Trump in 2024)
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To: Red Badger
Companies like Target that launch products and campaigns for Pride Month seek to profit from LGBTQ people but fail to stand by them when challenges arise, Carnell said.

Yeah, the money is just rolling in, isn’t it. Oh, wait, it’s another financial catastrophe in the making — and hopefully it continues for Target.

17 posted on 06/01/2023 10:05:42 AM PDT by FoxInSocks ("Hope is not a course of action." — M. O'Neal, USMC)
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To: Red Badger
What these retailers in particular fail to realize is that the Scamdemic lockdowns forced people to change their thoughts and behavior about shopping and they can easily shift to another store, including online.

Target management shifted from pandering to adult with mental illness to targeting children for grooming and the public is having none of it.

18 posted on 06/01/2023 10:06:25 AM PDT by T.B. Yoits
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To: Red Badger
I looked at the chart for Target about an hour ago. It’s in free fall. People need to recognize that a falling stock price doesn’t necessarily translate to a loss on the P&L statement. Consumers need to continue to boycott to have a real impact.

Quite honestly, making an example of Target is easy. When they started with the bathroom stuff years ago, I stopped shopping there. I don’t miss it a bit. There are plenty of competitors, or you simply can do without. You really don’t need that crap from China and other third world hellholes. Try doing without. It’s a rather empowering experience; and you get to save money that you most certainly will need in the near future.

19 posted on 06/01/2023 10:08:22 AM PDT by ConservativeInPA ("How did you go bankrupt?s" Bill asked. "Two ways," Mike said. "Gradually and then suddenly." )
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To: DaBroasta

I hope Chick-fil-a is watching.

Me too....I love Chick-fil-a sandwiches...but if you’re serious, a line must be drawn in the sand.

My line is deeeep...I’ve had my last Chick-fil-a...at the end of the day, there are other options that are pretty damn good as well.


20 posted on 06/01/2023 10:10:08 AM PDT by Herodes
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