Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessTarget Removes Pride Merchandise Post Anti-LGBTQ Campaign, Foresees Profit Impact amid Theft,...

Target Removes Pride Merchandise Post Anti-LGBTQ Campaign, Foresees Profit Impact amid Theft, Retail Crime

Add to Favorite
Added to Favorite
Credit Sean Wandzilak

Retail giant Target Corporation (TGT) has made the decision to remove merchandise ahead of Pride Month due to safety concerns following threats from an anti-LGBTQ campaign that gained traction on social media, according to reports. For the past ten years, Target has offered LGBTQ merchandise during Pride Month, June, catering to LGBTQ customers, employees, and allies.

However, this year, the company faced a viral anti-LGBTQ campaign that allegedly spread misinformation about its Pride Month products and business practices. The campaign, led by far-right figures on social media platforms, was reportedly aimed at harming the company’s sales and reputation.

OrganicGreek.com Vitamin Bottles. Hydrogen Alkaline Generator Water + Filter 4 in 1 Design 500mL (16.9 FL OZ) for Only $8.99

Pride is a queer, Latina-owned fashion and lifestyle company producing goods that give the Latino community a sense of representation and a sense of continuity with their heritage.

 

Right-wing commentator Matt Walsh expressed the campaign’s goal of making Pride Month toxic for brands, warning that they would face consequences for promoting LGBTQ products. The campaign turned hostile, with threats targeting Target employees and instances of damaged products and displays in stores. Faced with this challenging situation, Target had to make a difficult choice between protecting its employees and stores or continuing to support customers interested in purchasing LGBTQ merchandise. Ultimately, the company decided to prioritize employee safety and removed specific items that provoked the most volatile reaction from opponents.

TGT

However, Target’s response drew criticism from LGBTQ advocates, who accused the company of yielding to extreme elements of American society and abandoning their support for the LGBTQ community. In Thursday’s early trading, Target lost about $9 billion in market value as irate social media users urged a boycott of the Minneapolis-based company over its launch of the “PRIDE” collection showcasing LGBTQ-friendly children’s clothing.

 

In addition to these challenges, Target also reported a significant impact on its profitability due to theft and organized retail crime. The company anticipates a rise of up to $1.3 billion to its bottom line, with a substantial increase in inventory shrink compared to the previous year. Target emphasized that theft and organized retail crime are major factors contributing to this issue and that they are investing in strategies to prevent such incidents in their stores.

Despite these difficulties, Target saw modest growth in sales and traffic. However, the significant profit loss raises concerns about potential store closures among Target’s nearly 2,000 locations. The company is committed to keeping its stores open but will carefully assess the safety of its team, guests, and the financial impact to determine the best course of action.

Celebrity News Update. Premier Jewelry designer and manufacturer fashion house ParisJewelry.com has started manufacturing a new custom line of celebrity jewelry designs with 30% Off and Free Shipping. Replenish Your Body- Refilter Your Health with OrganicGreek.com Vitamin Bottles, Vitamins and Herbs. Become a WebFans Creator and Influencer.

ParisJewelry.com 14k Yellow Gold 1/4 Carat Round 4 Prong Solitaire Created Diamond Stud Earrings 4mm for Only $59

Biden extends support to LGBTQ children after Florida ‘Don’t Say Gay’ bill moves forward

Subscribe to get Latest News Updates

Latest News

You may like more
more

Benchmark Reiterates Buy Rating on JD.com, Adjusts Q2 Revenue Growth Projection

Benchmark analysts reaffirmed their Buy rating and set a...

Truist Securities Reiterates Buy Rating on Five9 Amid Activist Investor Push for Sale

Truist Securities analysts reaffirmed their Buy rating and set...

Booking Holdings Earns an Upgrade at Benchmark

Benchmark analysts upgraded Booking (NASDAQ:BKNG) to Buy from Hold,...