{"id":1938224,"date":"2023-05-25T19:18:21","date_gmt":"2023-05-25T23:18:21","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/target-loses-9b-amid-controversy-over-lgbt-childrens-clothes\/"},"modified":"2023-05-25T19:20:41","modified_gmt":"2023-05-25T23:20:41","slug":"target-loses-9b-amid-controversy-over-lgbt-childrens-clothes","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/target-loses-9b-amid-controversy-over-lgbt-childrens-clothes\/","title":{"rendered":"Target suffers $9B loss due to LGBT kids&#8217; clothing controversy."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftarget-loses-9b-amid-controversy-over-lgbt-childrens-clothes%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1938224&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Target Faces Backlash and $9 Billion Loss in Value Over &#8220;Pride&#8221; Collection<\/h2>\n<blockquote>\n<p>Target lost $9 billion in value this week amid backlash to its new &#8220;Pride&#8221; collection, which features &#8220;<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/prayer-to-open-117th-congress-ends-with-amen-and-awoman-video\/\" title=\"Prayer to Open 117th Congress Ends with \u201cAmen\u201d and \u201cAwoman\u201d (VIDEO)\">gender neutral<\/a>&#8221; children&#8217;s swimsuits and LGBTQ merchandise designed by a <a href=\"https:\/\/www.dailymail.co.uk\/news\/article-12115573\/Target-facing-boycott-Pride-collection-Satan-loving-designer.html\" target=\"_blank\" rel=\"noopener\">Satanist<\/a>.<\/p>\n<\/blockquote>\n<p>Target&#8217;s latest marketing plan has caused quite a stir, with consumers calling for a boycott of the liberal corporation. The &#8220;Pride&#8221; collection includes &#8220;tuck-friendly&#8221; swimsuits for girls meant to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/newsom-slams-target-for-selling-out-lgbtq-community-after-it-pulls-satan-linked-merch\/\" title=\"Newsom criticizes Target for betraying LGBTQ community by removing Satan-related products.\">hide male genitalia<\/a> and merchandise from the LGBTQ brand Abprallen, whose designer dons a &#8220;Satan respects pronouns&#8221; shirt on his Instagram page.<\/p>\n<p>Similar to Bud Light&#8217;s disastrous LGBTQ ad campaign, Target&#8217;s stock has dropped 12 percent since last week, as reported by the <em>New York Post<\/em>:<\/p>\n<blockquote>\n<p>&#8220;A week ago Wednesday before the controversy erupted, Target\u2019s stock closed at $160.96 a share, giving the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bed-bath-beyond-quarterly-loss-widens-on-merchandising-issues\/\" title=\"Bed Bath &#038; Beyond quarterly loss widens on merchandising issues\">big-box chain<\/a> a market capitalization of $74.3 billion. As of early trading on Thursday, however, shares of the company were trading off 1% at $141.76 \u2014 capping a weeklong tumble that has shrunk the &#8216;cheap chic&#8217; discount retailer\u2019s value to $65.3 billion. That amounts to a 12% drop that has shaved a whopping $9 billion off the company\u2019s market capitalization.&#8221;<\/p>\n<\/blockquote>\n<p>Target has since backtracked on its latest marketing plan, removing Abprallen items and moving its &#8220;Pride&#8221; collection to the back of stores in some states. In a statement to Reuters, Target said it was adjusting its marketing plans for the &#8220;safety&#8221; of its employees &#8220;given these volatile circumstances.&#8221;<\/p>\n<p>Conservative commentators have been quick to criticize Target&#8217;s actions, with Tomi Lahren telling Fox News that &#8220;Target is about to get Bud Light-ed.&#8221; Rep. Nancy Mace (R., S.C.) also tweeted, &#8220;Bud light: shocks and insults their customers. Target: hold my beer.&#8221;<\/p>\n<h3>Target&#8217;s Response<\/h3>\n<p>In an internal email sent to employees Thursday, Target thanked their &#8220;frontline teams and the LGBTQ community&#8221; for the &#8220;care you&#8217;ve shown each other&#8221; as &#8220;yesterday was a very hard day for Target.&#8221; It went on to acknowledge that &#8220;today brings more reflection, pain, and the need for continued care&#8221; as the team reflects on the anniversary of George Floyd&#8217;s death three years ago Thursday.<\/p>\n<p>Target&#8217;s latest marketing plan has certainly caused a stir, but only time will tell if the corporation can recover from the backlash and loss in value.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Target&#8217;s &#8220;Pride&#8221; collection, including &#8220;gender neutral&#8221; children&#8217;s swimsuits and LGBTQ merchandise designed by a Satanist, has caused backlash. The company lost $9 billion in value this week as consumers called for a boycott. The swimsuits for girls were criticized for being &#8220;tuck-friendly&#8221; to hide male genitalia.<\/p>\n","protected":false},"author":1262,"featured_media":1938225,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[27646,16845,6733,4247,5520,6169,12642,4650],"class_list":["post-1938224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon","tag-9b","tag-clothing","tag-controversy","tag-kids","tag-lgbt","tag-loss","tag-suffers","tag-target"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1938224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1262"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1938224"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1938224\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1938225"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1938224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1938224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1938224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}