XPost: alt.politics.homosexuality, alt.politics.liberalism, sac.politics
XPost: talk.politics.guns
From: termination@target.com
pothead wrote in
news:t2epje$3iqf1$350@news.freedyn.de:
> Target deserves to go out of business because they tried to force
> everyone else to accept their unpopular gay social agenda.
Target’s stock has lost a whopping $13.8 billion over the past two
weeks, hitting its lowest levels in nearly three years as the “cheap
chic” discount retailer continues to face backlash over LGBTQ-friendly
kids clothing.
Shares of the embattled chain sank 2.2% at $130.93 on Wednesday after
dropping for eight straight sessions — the stock’s longest losing streak
since November 2018 — giving the company a market capitalization of
$60.4 billion.
That’s off 19% from two weeks earlier on May 18, when the stock was
trading at $160.96 on the eve of the crisis.
It’s also the lowest levels Target shares have hit since the company was
recovering from the depths of the pandemic in mid-2020.
The ongoing losses are a result of an ongoing 14-day boycott that was
triggered by Target’s release of “PRIDE,” an LGBTQ-friendly line that
includes clothing for children and “tuck-friendly” women’s swimwear with
“extra crotch coverage.”
Wall Street is worried that Target will suffer the same fate as
Anheuser-Busch, whose Bud Light sales have fallen by more than 25% since
the brand tapped transgender influencer Dylan Mulvaney to promote the
beer on April 1.
“Investors are concerned that Target may be experiencing a sales decline
because it’s alienated some of its core customers,” said Edward Jones
analyst Brian Yarbrough.
https://nypost.com/2023/05/31/targets-stock-loses-12-7-billion-hits-lowes
t-level-since-2020/
--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
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