Target’s stock loses $13.8B, sinks to
lowest level since 2020 over boycotts
New York Post,
by
Shannon Thaler
&
Lisa Fickenscher
Original Article
Posted By: DVC,
6/1/2023 4:00:27 PM
Target’s stock has lost a whopping $13.8 billion over the past two weeks, hitting its lowest levels in nearly three years as the “cheap chic” discount retailer continues to face backlash over LGBTQ-friendly kids clothing.
Shares of the embattled chain sank 2.2% at $130.93 on Wednesday after dropping for eight straight sessions — the stock’s longest losing streak since November 2018 — giving the company a market capitalization of $60.4 billion.
That’s off 19% from two weeks earlier on May 18, when the stock was trading at $160.96 on the eve of the crisis.
Reply 1 - Posted by:
kewmac 6/1/2023 4:16:01 PM (No. 1482485)
I received a LL Bean ad this morning pushing their gay pride line. Bye Bye Bean.
54 people like this.
Reply 2 - Posted by:
Daisymay 6/1/2023 4:22:21 PM (No. 1482496)
The PEOPLE are Speaking. Ignore them at your peril! Seems Target, Kohls and now LL Bean didn't get the MESSAGE the People are sending. We are not interested in promoting or funding your lifestyles. Go to some Island and have all the Gay Sex you want and leave us alone. That goes for Disney as well. Apparently, they are hosting "Gay Days". In the past, I used to call Disney to find out when Gay Day would be so I wouldn't take Company there. Who wants to see the Gay guy with a Sequined Jock Strap and a Feathered Boa as his attire! (yes, it was even on our Local TV Station)! Parents should not have to explain that to kids!!
39 people like this.
Reply 3 - Posted by:
Vaquero45 6/1/2023 4:23:53 PM (No. 1482498)
Keep it up, folks - it’s working!
Yo, Targay - buh-bye!
42 people like this.
Reply 4 - Posted by:
bad-hair 6/1/2023 4:25:58 PM (No. 1482500)
Proverbs 16:18
“Pride goes before destruction, a haughty spirit before a fall."
35 people like this.
Reply 5 - Posted by:
Ned Scott 6/1/2023 5:19:48 PM (No. 1482537)
I was in my local Target the other day. I did not know that the national store chain had gone “woke.” The place was largely deserted with only one cashier working. Too bad that Target has become “politically-correct.” I think I’ll go “slumming” only in Walmart’s from now on.
And, L.L. Bean also going “politically-correct.” I shouldn’t be too surprised about that since they featured interracial couples in their summer catalog a couple of years ago. The late Leon Leonwood would be positively spinning over in his grave if he knew what had happened to his once proud and traditional company.
Beam me up, Stephen King!
18 people like this.
Reply 6 - Posted by:
janjan 6/1/2023 5:20:06 PM (No. 1482538)
These fools never learn. They want to market to the 1% and offend the 99%. They deserve to lose billions and the CEO’s should be fired. These companies are supporting to be making profits for their shareholders, not appeasing the gays, transgenders, and satanists (that’s who designed their collection).
26 people like this.
Reply 7 - Posted by:
PlayItAgain 6/1/2023 5:25:29 PM (No. 1482541)
So many people who work at Target or who own stock have suffered because of the foolishness of their CEO.
30 people like this.
Reply 8 - Posted by:
padiva 6/1/2023 5:28:17 PM (No. 1482544)
Do you think the Target decision makers will still have their jobs at the end of the summer?
11 people like this.
Reply 9 - Posted by:
slipstik 6/1/2023 5:36:00 PM (No. 1482547)
I think (and hope) that people have finally seen the light. The "gay" (used to mean happy) crowd thrives on grooming impressionable young children into their way of thinking. Kids are very malleable all the way into high school, so these monsters have to move pretty early to confirm the new recruits. Expose your kids and grandkids to that shiny, glittery circus at THEIR risk. The environment is tailor made to attract children into the fold. The kids don't realize they're being influenced and cajoled into evil. And of course, they don't understand the long term ramifications of accepting the invitation.
I'll tell you the other place this is happening...grade and middle schools. It is a target rich environment for the recruiters. I didn't know this until last year when a friend of mine hired on at a middle school. The %age of "gay" teaching, assistant, and attendant staff is incredibly high. They don't evan have to cover their tracks any more.
13 people like this.
Reply 10 - Posted by:
snapper451 6/1/2023 5:39:44 PM (No. 1482550)
Target says “GAY, GAY, GAY…” and we say “nay, nay, nay…”. I will have zero to pay on my Target card for the 2nd month in a row now, with no end in sight.
19 people like this.
Reply 11 - Posted by:
Zeek Wolfe 6/1/2023 6:05:08 PM (No. 1482560)
You wanna be woke, you gotta pay the price...and that goes for RINO politicians, too.
17 people like this.
Reply 12 - Posted by:
Gordon Mills 6/1/2023 6:07:52 PM (No. 1482562)
Come on gang, we can do it. Let's make it 25.
17 people like this.
Reply 13 - Posted by:
volksford 6/1/2023 6:23:24 PM (No. 1482568)
Damn right folks hit em' where it hurts ..right in the old pocket . Lets see what the shareholders have to say .
14 people like this.
Reply 14 - Posted by:
Omen55 6/1/2023 6:33:22 PM (No. 1482570)
The more this happens the more fear we put into dem.
9 people like this.
Reply 15 - Posted by:
Rumblehog 6/1/2023 6:51:23 PM (No. 1482576)
#7, as an active stock investor, here's my remedy to what you mentioned; check out a companies' "ESG score," go the OPPOSITE from what left-leaning globalist Black Rock says is "good."
Welcome to the "Age of Moral Outrage" brought to you by hyper-active leftist hedonists. They didn't have to overreach, but now that they did...
15 people like this.
Reply 16 - Posted by:
MickTurn 6/1/2023 7:41:21 PM (No. 1482593)
Wokie Brookie
4 people like this.
Reply 17 - Posted by:
Axeman 6/1/2023 8:31:03 PM (No. 1482616)
How can I be boycotting if I never go there. Same problem with A-B products.
4 people like this.
Reply 18 - Posted by:
thefield 6/1/2023 9:41:07 PM (No. 1482641)
#17 check to see what other company they own and boycott that.
8 people like this.
Reply 19 - Posted by:
Strike3 6/2/2023 6:35:20 AM (No. 1482831)
Gays should have been happy when they could come out of the closet without being beaten up. But no, they had to cross the line and go after children. Big mistake.
I am surprised that LL Bean, being so close to LGBTQ heaven, Portland, Maine, was able to maintain a clean image for as long as they did. This one I can boycott because they had quality stuff and I liked it.
6 people like this.
Reply 20 - Posted by:
Rinktum 6/2/2023 7:18:47 AM (No. 1482855)
Biden’s government thinks they can control us, but we actually do have some power and it is being used exactly the way it will do the most harm. The smart businesses will refrain from pushing the LGBTQ+ agenda and they will prosper. The gay friendly ones will not. I am not shopping at these pro-perversion companies. We are making a difference! Hold firm to your convictions. They cannot force us to buy from these companies, yet. It is a shame that it has come to this but this is a war we must win. Actually, I love seeing the power of traditional Americans thrown right in their faces. I am sure that they are being told by the cabal that there is no way they are going to lose power but they may have underestimated the American people. I pray that is the case and this cabal is gobsmacked when we win.
13 people like this.
Reply 21 - Posted by:
Kafka2 6/2/2023 8:39:17 AM (No. 1482905)
Target, Bud Light and others acting as useful idiots promoting LGBTQ+ “life style” was going to be offensive to 95% of the population that is not LGBTQ+. One has to wonder what the people in these businesses were thinking. Have they been recruited from colleges where LGBTQ has run amok? If so, these companies need to reconsider their recruitment policies before they drive their companies into the dustbin of history.
3 people like this.
Reply 22 - Posted by:
Speedypetey 6/2/2023 9:09:30 AM (No. 1482930)
My opinion is the wealthy campaign contributors planned this in advance and shorted DIS, BUD, TGT and other customer alienating companies. Our retirement savings take a bath because or our morals, values and religious beliefs while the rich take even more.
1 person likes this.
Reply 23 - Posted by:
Msquared112 6/2/2023 9:10:40 AM (No. 1482934)
Tough. GWGB.
0 people like this.
Reply 24 - Posted by:
Msquared112 6/2/2023 9:11:29 AM (No. 1482936)
#5, Walmart has gone woke, too.
1 person likes this.
Reply 25 - Posted by:
Lawsy0 6/2/2023 9:27:09 AM (No. 1482954)
Couldn't happen to a prettier band of fairies. How many stores have closed this week?
1 person likes this.
Reply 26 - Posted by:
Zigrid 6/2/2023 10:40:53 AM (No. 1483025)
I haven't been in a target store since obama opened the ladies' bathrooms to men...well kinda men....he pushed the gender confused situation while he was in the White House....well...he's still in the White House running the corrupt show....wonder if biden is in a wheelchair today....no man his age should have been picked up so quickly from the bad fall...paramedics should have been called....but obama didn't want that narrative for the fake news...so biden is shaken and looks foolish...but it could have been serious....
6 people like this.
Reply 27 - Posted by:
mc squared 6/2/2023 11:43:47 AM (No. 1483063)
I'm sick of the euphemism 'gay'. Leftists are not 'progressive' and gays are homosexuals.
2 people like this.
Reply 28 - Posted by:
MickTurn 6/2/2023 9:11:59 PM (No. 1483299)
We have seen what a REAL Boycott will do to these Leftist POS Companies, Now we need to totally Bankrupt ALL OF THEM, Let them get jobs picking up trash, no insult to REAL sanitation People!
Funny how it took the Left to sow the seeds of their own destruction, they have always been on the bleeding edge of everything, now playing with knives and razor blades has serious repercussions!
0 people like this.
Reply 29 - Posted by:
MickTurn 6/2/2023 9:12:54 PM (No. 1483302)
ps. Next Boycott is Crooked Teachers Unions and Commie run Universities!
0 people like this.
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Tar-gay off almost 1/5th. THAT is great news. Keep staying away.