US EditionTarget’s market cap plunges by $9 billion amid Pride clothing uproar
- 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.
16 Articles
16 Articles
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 …
Target makes changes to 'Pride' collection after $9 billion loss in stock value amid backlash
Target’s stock value has taken a hit amid controversy over a collection the company unveiled ahead of so-called Pride month that has ties to a British designer whose brand promotes Satanic imagery. #Target #genderidentity #boycott #women #biologicalsex
Coverage Details
Bias Distribution
- 100% of the sources lean Right
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
