Target’s market cap plunges by $9 billion amid Pride clothing uproar

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Target has lost $9 billion in market value due to a boycott of its LGBTQ-friendly merchandise for children, which includes "tuck-friendly" bathing suits for transgender individuals.
Target is removing some items from its stores and making changes to its nationwide LGBTQ+ merchandise ahead of Pride Month after backlash from customers who confronted workers and vandalized displays.
The controversy has raised tensions around gender identity, particularly regarding biological males identifying as women who demand to be included in female facilities, sports, and categories.

Published 14 days ago · Minneapolis, United States

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NDTV

US Retailer Target Loses $10 Billion Amid Pride Merchandising Controversy

US retailer Target has lost $10 billion in market valuation in 10 days over controversy around its Pride-themed clothing for children. The department store chain has been facing boycott calls from people across the US after some videos claimed to show onesies and other dresses meant for toddlers and other children. From $160.96 a share, the value of Target's stock plummeted to $138.93. According to Fox News, the shares have slipped more than 12 …

11 days ago·New Delhi, India

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Washington Times

Target’s market cap plunges by $9 billion amid Pride clothing uproar

Target Corp. has seen its market cap drop by billions of dollars in the aftermath of the outcry over its Pride clothing line as the retailer finds itself mired in its own Bud Light moment.

14 days ago·Washington, United States

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