Shareholders continue to bear the brunt of Target’s Pride controversy
Former Arkansas Governor Mike Huckabee joins Mornings with Maria to discuss Florida Governor Ron DeSantis joining the 2024 presidential race, who he is supporting, and companies pushing woke ideologies.Pride merchandising controversySince the backlash, Target's market value has fallen over $13 billion to $60.24 billion as of Monday's closing price. Target’s market value was over $74 billion before the polarizing Pride displays made national news.
JPMorgan Chase & Co. downgraded Target stock from"overweight" to"neutral" last week, with analysts citing the possibility of a decline in sales due to consumers pulling back spending amid persistent inflation. Target shares have fallen over 20% during the quarter as the retailer deals with the fallout from its Pride merchandising displays.
Last month, Target confirmed "adjustments" to the Pride merchandising plans were underway after Fox News Digital learned it at some of its locations. A Target insider told Fox News Digital that some Southern stores were forced by the corporation to move LGBTQ Pride merchandise away from the front of their locations after customer outrage to avoid a "Bud Light situation."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WeHo Pride Festival kicks off Pride MonthThe annual WeHo Pride festival isbilled as one of the largest celebrations of LGBTQ+ pride in the world.
Read more »
Prairie Pride: Grassroots organizers keep Pride alive in Moose Jaw“It’s joy and love and everything all at once and out loud,' said one organizer. Sask pridemonth
Read more »
Philly’s Pride March and Festival draws thousands to celebrate the beginning of Pride MonthSunday’s daylong celebration began with speeches that urged solidarity and attendance at protests to denounce a scheduled gathering in Philadelphia of a national anti-LGBTQ group, Moms for Liberty.
Read more »
Philadelphia Pride: Thousands LGBTQ+, allies fill Center City streets celebrating prideTens of thousands of people flooding the streets of Center City to celebrate Philly pride. And, this year, organizers say it’s the biggest crowd they’ve ever seen.
Read more »
LGBTQ advocate scolds Target’s ‘rainbow capitalism,’ says it missed opportunity after pulling Pride displaysLGBTQ advocate Heather Hester scolded Target’s 'rainbow capitalism' after the retailer dialed back Pride displays, saying it showed the company wasn't a legitimate ally.
Read more »