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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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To: Red Badger

i hope this is true- i’ve avoided Target since the obama years. ( i go in but never spend any $$$)


21 posted on 06/01/2023 10:11:54 AM PDT by ronniesgal (friends don't let friends be Kardashians)
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To: Red Badger

“ 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.”

Liberals are boycotting because that.


22 posted on 06/01/2023 10:12:45 AM PDT by ifinnegan (Democrats kill babies and harvest their organs to se)
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To: newzjunkey

they went after the kids

leave the kids alone


23 posted on 06/01/2023 10:21:47 AM PDT by joshua c (to disrupt the system, we must disrupt our lives, cut the cable tv)
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To: Red Badger
The biggest reason for the controversy: they sold a line of clothing designed by an awowed Satianist. A line of clothing aimed at children, too. 😒😑🙄
24 posted on 06/01/2023 10:21:51 AM PDT by RayChuang88 (.FairTax: America's Economic Cure)
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To: Red Badger

How low can TarGay go before it’s gone?


25 posted on 06/01/2023 10:26:24 AM PDT by George J. Jetso
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To: Red Badger

Not that I’m sad to see Target fall (and I haven’t shopped at target in years anyway) but I’m becoming concerned that my viable areas to shop at are rapidly dwindling to Walmart and Amazon - 2 woke orgs I’d rather not give my business to.


26 posted on 06/01/2023 10:34:26 AM PDT by Skywise
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To: Herodes

Agree 100%.


27 posted on 06/01/2023 10:40:57 AM PDT by DaBroasta ("An armed society is a polite society" Heinlein)
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To: Red Badger

Weaponized targeted boycotts work.


28 posted on 06/01/2023 11:13:05 AM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: All

I hate to break it to everyone, but 95% of corporation are crazy-woke - it’s that a large majority are not retail and it’s more hidden.


29 posted on 06/01/2023 11:41:20 AM PDT by mykroar (what is extraordinarily important is this—who will count the votes, and how. - J0eStalin)
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To: FoxInSocks; 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.

Younger people may not be able to remember that K-Mart was bigger than Target back in the day, and before that Sears was bigger than K-Mart.   Sears had been popular for one hundred years.   Those Mega-store corporations massively bit the dust because of incompetence of the “leadership”, not understanding what their customers wanted.   Keep at the boycott and Target with learn the hard way.

30 posted on 06/01/2023 12:36:09 PM PDT by higgmeister (In the Shadow of The Big Chicken!)
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To: higgmeister

Target:

Solid as Sears!......................


31 posted on 06/01/2023 12:37:37 PM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Fury

#4 The head pedophile Biden fell again.

Karma Kicks Dementia Joe’s Ass; After Spewing Many Lies During Commencement Speech, Biden Falls HARD
https://rumble.com/v2rfnd8-karma-kicks-dementia-joes-ass-after-spewing-many-lies-during-commencement-s.html


32 posted on 06/01/2023 2:23:12 PM PDT by minnesota_bound (Need more money to buy everything now)
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To: Red Badger

I hope they go under....would work miracles with the rest of the retailers!!!


33 posted on 06/01/2023 2:48:48 PM PDT by ontap
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To: tflabo

I’m sure that 1% will keep them around!!!


34 posted on 06/01/2023 2:49:48 PM PDT by ontap
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To: ontap

It’s not even 1%...


35 posted on 06/01/2023 2:53:06 PM PDT by who knows what evil? (Yehovah saved more animals than people on the ark...siameserescue.org)
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