Target Loses Big over ‘Pride’
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Target Loses Big over ‘Pride’
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Even as “Pride Month” came and went, many companies have still not recovered from the many conservative boycotts.
From The Epoch Times. Mega retailer Target hasn’t recovered from consumer boycotts triggered after the company promoted Pride merchandise, with share prices and market cap declining significantly along with financial and popularity metrics.
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American consumers started boycotting Target in May, after the retail chain rolled out its Pride collection, which included some items that targeted children, including books, home décor products, and transgender swimsuits for adults with a “tuck-friendly” feature.
In the first two weeks of May, when the company’s Pride controversy began to go viral, its market capitalization declined by $1.85 billion.
In the three weeks between May 15 and June 5, the market cap fell by an additional $11.66 billion. …
Amid the Pride Month controversy, institutional interest in trading Target stock has fallen as buying and selling of Target shares crashed in the second quarter.
Total institutional inflows for Target were about $35 million in Q2 compared with $2.14 billion in the first quarter, according to data from MarketBeat. Meanwhile, total outflows for Q2 were $91.4 million, down from $1.07 billion in the previous quarter.
Multiple brokerages have also downgraded their views on Target. On June 1, JPMorgan Chase downgraded Target from an “overweight” target to a “neutral” one—lowering the price target from $182 to $144.
On June 9, Citigroup changed its recommendation for Target from “buy” to “neutral.” A few days later, The Street downgraded Target from a “B-“ rating to “C+” rating.
In terms of popularity, the brand is at its lowest-ever level, according to a poll by YouGov. …
Violating Child Protection Laws and Shareholder Interests
On July 5, seven attorneys general, led by Indiana Attorney General Todd Rokita, sent a letter (pdf) to Target, warning that the company’s Pride month collection targeting children may have violated child protection laws.
The letter pointed out that such laws penalize the sale or distribution of obscene matter, which refers to anything whose dominant theme “appeals to the prurient interest in sex.” This includes “material harmful to minors.” …
Target’s Pride campaign and its financial support to organizations such as GLSEN that facilitate “secret gender transitions for kids” raises concerns regarding child protection laws of various states and also the economic interest of the company’s shareholders, it stated. …
Share this article to encourage people to pray for the protection of children from the LGBTQ agenda!
(Excerpt from The Epoch Times. Photo Credit: Abhinav Bhardwaj on Unsplash)
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Genesis 9:13 I have placed my rainbow in the clouds. It is the sign of my covenant with you and with all the earth.
Proverbs 16:18 Pride goes before destruction, and a haughty spirit before a fall.
Proverbs 6: 16-19 “What God Hates”
haughty: blatantly and disdainfully proud
Galatians 1 “NO OTHER GOSPEL”
John 3:16
1 John 3:16-17
Dear Heavenly Father, the enemy lives to pervert Truth. He hijacked Your rainbow. He confuses countless by preaching a gospel contrary to Yours. BUT You love the world. You gave Your one and only Son to take our sin. We know what real love is because (we believe) Jesus gave up his life for ours. Paul asked, “how can Your love be in us if we show no compassion to those who are in need?” You are Almighty, Creator, Savior, God! Your Goodness is stronger than evil! I pray Your Goodness will humble us. I pray Your Goodness will fill us. I pray the prideful will be saturated in the overflow of Your Goodness in us. I pray You will destroy pride and save the prideful. I ask this in the Name of Jesus Christ, who humbled Himself on The Cross and whose LOVE NEVER ENDS. Amen
I haven’t shopped at Target since they allowed men in the women’s dressing rooms. It has not been difficult to find better quality products elsewhere. Conservatives are the silent majority and the best way to have our voice heard is with our wallet. At this point, even if Target humbly apologized and repented, I would not go back to them. The same with Disney, Bud Light, Garth Brooks, and others.