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Pride Merchandise

All articles tagged with #pride merchandise

business2 years ago•3 min saved

"Target's Bold Stance: Embracing Controversy with Holiday Merchandise"

Target is facing controversy and calls for boycotts over its sale of a "Pride Christmas Nutcracker Figure" as part of its pride collection. The nutcracker figurine features a light purple beard, rainbow lapels, and holds a "progress" pride flag. Conservative and Christian commentators have criticized Target for its LGBTQ+ merchandise and partnerships, including one with a designer featuring Satanic imagery. Target's sales have declined in recent quarters, with CEO Brian Cornell attributing the decline in part to negative guest reaction to the pride collection. Despite the controversy, Target's stock has seen a recent increase.

via Catholic News Agency|

#boycott #business #controversy

politics2 years ago•1 min saved

Republican Attorneys General Target LGBTQ+ Pride Merchandise Over Child-Protection Concerns

Seven Republican attorneys general have sent a letter to Target, criticizing the company's decision to sell Pride merchandise during Pride month. The attorneys general argue that the merchandise, including LGBT-themed onesies, bibs, and swimsuits, may violate child protection laws in their states. They also express concern over Target's support for LGBTQ+ organization GLSEN. The letter suggests that Target should sell more American-themed clothing and implies that the sale of Pride merchandise is hurting the company's profitability.

via UPI News|

#child-protection-laws #lgbtq #politics

business2 years ago•2 min saved

Target's Sales Woes Continue with Stock Downgrades and Traffic Plunge.

Target's stock value has fallen roughly 3.1% in the last five days, after plummeting around 18.5% the last month due to consumer pushback on the retailer's Pride merchandise. Citi analyst Paul Lejuez has downgraded the stock to neutral from buy and pits the troubled retailer against rival Walmart, which he said would begin gobbling up market share. Target's high exposure to discretionary sales will not serve them well in the current macro backdrop, he added.

via Fox Business|

#business #pride-merchandise #sales

business2 years ago•3 min saved

Target faces pressure from LGBTQ groups over Pride merch restock.

Over 200 LGBTQ+ organizations are demanding that Target restock all Pride merchandise in stores and online, ensure employee safety, and release a statement reaffirming their commitment to the LGBTQ+ community within 24 hours. The groups are also asking Target and other businesses to reject and speak out against anti-LGBTQ+ extremism. Target faced backlash after moving some Pride products to less prominent sections of the store and removing other merchandise altogether due to threats impacting team members' sense of safety and well-being while at work.

via New York Post |

#anti-lgbtq-extremism #business #lgbtq

business2 years ago•3 min saved

The One Item That Ignited a Consumer Firestorm, According to Former Target Executive

Former Target Vice Chairman Gerald Storch revealed that the tuck swimsuit from the store’s pride collection set it apart from its competition and ignited the consumer firestorm. Target has faced backlash over the displaying of pride merchandise in stores, leading to a significant drop in its market value. Storch noted that Target’s investors are watching “very, very carefully” and want to know the impact on sales.

via New York Post |

#boycott #business #market-value

business2 years ago•3 min saved

Former Target exec's revealing confession about consumer backlash.

Former Target Vice Chairman Gerald Storch revealed that the "tuck swimsuit" from Target's pride collection sparked the consumer firestorm and set it apart from its competition. Target's market value has taken a tumble since mid-May with a decline of over $12 billion dollars due to the controversy over displaying pride merchandise in stores. Storch noted that Target's investors are watching "very, very carefully" and want to know the impact on sales.

via Fox News|

#business #consumer-backlash #market-value

business2 years ago•3 min saved

"Target faces backlash over Pride Collection while Walmart remains unchanged"

Walmart's Chief Merchandising Officer Latriece Watkins said their LGBTQ+ merchandise has not changed and likely would not, unlike Target which has faced backlash over its controversial Pride merchandise. Walmart's middle-of-the-road strategy has spared the retailer from getting embroiled in social politics and corporate wokeness, a move Walmart U.S. CEO Doug McMillon is not interested in. Target has lost over $14 billion in market cap since the controversy began, sending shares near a three-year low.

via Fox Business|

#business #controversy #lgbtq