Target Corporation’s stock has lost a significant amount in the past two weeks after the retailer continues to face backlash over its line of LGBT clothing for children.
Shares of the firm dropped about 0.8 percent on Wednesday to $132.73, or about 17 percent down from two weeks ago, on May 18, when the stock was trading at $160.96. Data shows that the current levels are the lowest Target has experienced since the early days of the pandemic.
According to an analysis posted by the New York post, Target’s stock has lost about $12.7 billion so far amid the backlash.
Target has been the subject of a conservative-led boycott that was caused by the company’s move to release LGBT-friendly clothing for children, including apparel with the transgender flag colors.
Some items include a onesie for infants that states “Bien Proud,” a children’s book with the title, “‘T’was the Night Before Pride,” a book that tells children how to use transgender pronouns, and a handful of T-shirts with similar slogans, according to the firm’s website. The company also drew backlash for “tuck-friendly” swimwear, but a Target spokesperson has said that the swimwear was not made for children.
The products drew the ire of prominent conservatives, who accused the Minneapolis-based retailer of grooming and exploiting children. The company responded by moving some of those items to other locations in the store, according to a news release issued last week.
“Since introducing this year’s collection, we’ve experienced threats impacting our team members’ sense of safety and well-being while at work,” Target said in a statement, without elaborating on the specific threats. “Given these volatile circumstances, we are making adjustments to our plans, including removing items that have been at the center of the most significant confrontational behavior,” it also said, although it’s not clear if any police reports were filed by the company.
It came after conservative commentator Candace Owens, of the Daily Wire, and others suggested people boycott Target due to the products. Others said that Target should be given the “Bud Light treatment,” referring to the backlash against the light beer for its move to produce a beer can with a transgender activist’s face on it.
“I cannot state enough how important is for people to choose not to shop at Target. There has never been a company that has been more pro-transgenderism than Target,” Owens wrote earlier this month, possibly referring to the company’s decision several years ago to allow transgender bathrooms in stores.
In 2016, Target faced boycott calls from conservative groups over its bathroom policy. One of them, the conservative American Family Association (AFA) said at the time that its members shouldn’t shop at Target and accused it of possibly exposing women and girls to sexual predators.
Target’s policy “means a man can simply say he feels like a woman today and enter the women’s restroom … this is exactly how sexual predators get access to their victims,” AFA said on its website at the time.
Also last week, former Fox News host Megyn Kelly expressed concern about small children being exposed to LGBT-linked products at Target, writing: “We don’t need our kids seeing this [expletive] when we walk down the aisle at Target.”
It was also revealed last week that Target donated millions of dollars with an activist group—New York City-based Gay, Lesbian and Straight Education Network (GLSEN)—that tries to place LGBT-themed books in K-12 school libraries and calls on teachers to talk about gender and sex with children. The company’s website shows Target has given more than $2 million to GLSEN and confirmed earlier this month that it’s provided another $250,000 to the group to “advance its mission.”
“This marks our 11th year of partnership, with a total of $2.1 million in support to date,” Target said on its website.
As the backlash against Target grows, some noted that other nationwide chains and companies have made similar overtures to the LGBT community in recent years.
Will It Work?
Sen. Ted Cruz (R-Texas) over the weekend responded to the boycott and signaled that it will be hard to sustain—unlike the one targeting Bud Light.
“What really came to bite Bud Light is that wasn’t a hard boycott,” Cruz said during a recent episode of his podcast. “It’s difficult for nobody on planet Earth if you were going to order a Bud Light to say, ‘I’ll have a Coors Light.’ That’s a very simple substitution.”
“Target? We’ll see how prolonged and easy a substitution it is. There’s Walmart. You know, there are alternatives,” he also remarked. “I will say Targets are located in a lot of areas and very convenient for a lot of shoppers. So we’ll see if this becomes a persistent consequence or not,” Cruz said, adding that in general, “conservatives have typically been not very good at boycotts.”
The Epoch Times contacted Target’s press office for comment on Wednesday.
Why do corporations hire these woke fools and let them promote their sexual perversions throughout the company.
The company is established to sell their products to the people and make money, NOT to promote their employees woke, LDBTQ degenerate sexual perversions.
These Fool companies do as they like, but I use to drink Bud Light, but not no more, I switched to Coors Light. I use to shop at Target, but not no more. I have boycotted Anheuser-Busch products, Target stores, the NFL and the Woke Democrat Party.
These fools think that they can force their sins and abominations upon everybody,
but everybody does not follow Satan.
Because the idiots in charge, DO NOT want to be called xyz ist, or phobic.. SO HIRE THEM for ‘diversity’..
When large-WOKE- corporations/big GOVERNMENT, like TARGET, BUDWEIZER, get the voters mad and they boycott, these -woke companies, get the message. these corporations thought that they could fool the American-voters…were they mistaken as was proven when they took a hit.
” When government fears the people, there is LIBERTY, When the people fear the Government, there is (TYRANNY.”) Author unknown ,
From the book, by Heather MacDonald, ”WHEN RACE TRUMPS MERIT,”
…apparently, system racism overrode whatever good-Faith intentions the promisers had at the time. what is never asked is the proportion of competitively qualified blacks in the hiring or promotional pool. IT is assumed that such competitively qualified candidates are available in the same measure as in the population at large. THEY ARE NOT. THE underrepresentation of blacks in many professions is the result of the unequal distribution of skills, not of BIAS…”
The corporate executives at Target think this whole woke movement is mainstream and supported by a large segment of society. They actually thought average hard-working Americans would look at their pervert friendly merchandise and say, “hey, Target is really doing a great thing.” Maybe these over educated liberal indoctrinated MBA’s should venture out of their little liberal circle and get to know the real America.
IT turns out that Corporate AMERICA, likes doing business with Communist, China and so Walmart follows on the same path that brought down Target Stock ( TRANSGENDER)/ apparel for GAYS.
This blindness to the common working class-American, reminds me of the old quote,” to paraphrase the quote, ” A fool and … his money are soon parted,”- you have to wonder how they got together in the first place.’
‘ Author unknown.
The Democrat Party and its followers encourages, approves of, supports and protects everything God has declared a sin or an abomination.
To fully advance the Lying, Treasonous, Demonic, Woke, Socialist Democrat Party’s destructive beliefs and agendas is to divide our citizens with hate and promote – racism, open borders, radical feminism, abortion-on-demand, the LGBTQ lifestyle, unfettered sexual identity, transgender, same sex marriage, child indoctrination into sexual confusion and perversions, the pagan Liberal left Democrats must do away with GOD, our Constitution, common sense, morality, Christian values and free religious exercise altogether.
Under the of Disguise of Democrats versions of “anti-discrimination.”
Matthew 6:24
“No one can serve two masters. Either you will hate the one and love the other, or you will be devoted to the one and despise the other. You cannot serve both God and money. (or yourself)
target put themselves right in the middle of there own bullseye with the woke anti christian anti christ in christmas.
Target’s Stock Has Lost Billions Of Dollars Amid ‘Pride’ Backlash
Gee, that’s too bad! hahaha
I agree. Whahhh, bloody, Whaaaa!