First published at 09:27 UTC on May 26th, 2023.
‼️ THE POWER OF BOYCOTTING!
Target Loses $9B In Week Following Boycott Calls Over LGBTQ-Friendly Kids Clothing
Target has lost $9 billion in market value since social media users (that’s you, my friends) called for a boycott of the retailer over i…
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‼️ THE POWER OF BOYCOTTING!
Target Loses $9B In Week Following Boycott Calls Over LGBTQ-Friendly Kids Clothing
Target has lost $9 billion in market value since social media users (that’s you, my friends) called for a boycott of the retailer over its rollout of the “PRIDE” collection featuring LGBTQ-friendly clothing for children.
A week ago Target’s stock closed at $160.96 a share, giving the big-box chain a market capitalization of $74.3 billion.
As of early trading on Thursday, however, shares of the company were trading off 1% at $141.76 — capping a weeklong tumble that has shrunk the “cheap chic” discount retailer’s value to $65.3 billion.
That amounts to $9 billion in losses.
Target said on Tuesday it was removing items from its stores and making other changes to its LGBTQ+ merchandise nationwide ahead of Pride month after intense backlash…
: Too little - too late! We are taking you down!
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