Since the controversy erupted a week ago, Target’s stock has fallen by some 11% while its market capitalization has shrunk by some $6.4 billion.
A week ago Wednesday before the controversy erupted, Target’s stock closed at $160.96 a share, giving the big-box chain a market capitalization of $74.3 billion.
That amounts to a 12% drop that has shaved a whopping $9 billion off the company’s market capitalization.removing some items from its stores and making other changes to its LGBTQ+ merchandise “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 on Tuesday.
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Target removes some LGBTQ merchandise from stores ahead of Pride month after threats to workersTarget is removing certain items from its stores and making other changes to its LGBTQ merchandise nationwide ahead of Pride month, after an intense backlash from some customers including violent confrontations with its workers.
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Target removes some LGBTQ merchandise from stores ahead of June Pride month after threats to workersTarget is removing certain items from its stores and making other changes to its LGBTQ merchandise nationwide ahead of Pride month, after an intense backlash from some customers including violent confrontations with its workers
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Target pulls some LGBTQ+ merchandise from stores ahead of June Pride month after threats to workersTarget confirmed that it has moved its Pride merchandise from the front of the stores to the back in some stores after confrontations and backlash from shoppers.
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Target removing some LGBTQ merchandise following customer backlash | CNN BusinessTarget, which rolled out its Pride Collection at the start of May, is pulling some products from its stores after facing customer backlash, saying it was acting to protect employee safety, the company told Reuters on Tuesday.
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Target pulls some LGBTQ+ merchandise ahead of June Pride month after backlash from some shoppersTarget confirmed that it has moved its Pride merchandise from the front of the stores to the back in some Southern stores after confrontations and backlash from shoppers in those areas.
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Target pulls some LGBTQ+ merchandise from stores ahead of June Pride month after threats to workersTarget is removing certain items from its stores and making other changes to its LGBTQ+ merchandise nationwide ahead of Pride month, after an intense backlash from some customers including violent confrontations with its workers. Target declined to say which items it was removing but among the ones that garnered the most attention were “tuck friendly” women’s swimsuits that allow trans women who have not had gender-affirming operations to conceal their private parts. The Pride merchandise has been on sale since early May. Pride month is held in June.
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