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Published 11 months ago

Target’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.

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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 months 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.

11 months ago·United States

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Target loses $9B in week following boycott calls over LGBTQ-friendly kids clothing

Target's stock price and market capitalization have taken a beating since angry social media users called for a boycott of the retailer.

11 months ago·New York, United States

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Washington Examiner

Target stock loses $9 billion amid pride collection backlash

Target's stock dropped as the retailer spirals deeper into controversy as a result of its 2023 pride collection.

11 months ago·Washington, United States

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The Epoch Times

Target Gets Bad News Amid Push for 'Pride' Products

Target's stock has dropped more than 10 percentage points since the company drew controversy for unveiling its latest ...

11 months ago·New York, United States

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National Review

Target Sheds $9 Billion in Market Cap amid Backlash over ‘PRIDE’ Collection

Target lost billions in market value after conservatives called to boycott the retail giant over 'PRIDE' collection.

11 months ago·United States

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Leaning Left1Leaning Right15Center0Last Updated11 months agoBias Distribution

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