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By. Nic Harper. Published. May 30, 2023. Credit: Target Official Product Images. Target lost $9 billion in one week after releasing its Pride collection for this year. Similarly to Bud Light, conservatives are boycotting Target to protest their support of the LGBTQ+ community.Target Down $10 Billion. Retail giant Target has lost $10 billion in market capitalization in ten days, apparently due in large part to the backlash over prominent LGBTQ+ PRIDE displays – including transgender-friendly clothing items for children.Reuters. KEY POINTS. Target lost $10 billion over the last 10 days after launching its Pride-themed clothing line. Target's stock price sank to $138.93, the lowest …

This drop in value, amounting to nearly 14%, has resulted in a significant loss of approximately $10.1 billion in Target's valuation, bringing it down to $64.2 billion.Target shareholders continue to bear the brunt of the big-box retailer’s Pride controversy, as the company's stock fell again on Thursday and losses hover around the $13 billion mark.94K subscribers in the Interestingbutcreepy community. This subreddit is for all things you find interesting but creepyVIEWS. Target’s stock price has taken a hit amid the backlash over its LGBT-themed products. The New York Post noted on May 17 the retailer’s stock closed at $160.96 per share, giving it a ...

May 29, 2023 · Target Down $10 Billion. Retail giant Target has lost $10 billion in market capitalization in ten days, apparently due in large part to the backlash over prominent LGBTQ+ PRIDE displays – including transgender-friendly clothing items for children.Target has lost billions in market valuation over the last 10 days as the popular retailer continues to face backlash over its Pride-themed clothing line for children.Target has become a target for major thefts, and it's taking a huge chunk out of profits.The retailer estimated in its earnings release Wednesday that inventory shrinkage — mostly the theft of ... ….

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Target last week said it was bracing to lose half a billion dollars this year because of rising theft. Nordstrom, Whole Foods and some other big chains said they were abandoning San Francisco ...Retail. Target projects losses to exceed $1B over spending pullback and theft. May 17, 2023 at 3:34 am. By. ANNE D'INNOCENZIO. The Associated Press. NEW …In recent weeks, retail giant Target Corporation has faced significant challenges following calls for a boycott from certain groups over its decision to offer LGBTQ-friendly kids clothing. The controversy has resulted in a substantial drop in Target's stock value, leading to a staggering $9 billion loss within a week. This article examines the impact […]

Jun 8, 2023 · Target finished down another 0.4% when the market closed, leaving shares worth $131.27 after eclipsing $161 just last month. Since the backlash, Target's market cap has fallen roughly $13 billion ...Apr 14, 2023 · In fact, as of Wednesday, April 12, 2023, the share price closed at $63.38, a reduction in Anheuser-Busch's market cap of $5 billion since March 31, 2023. At the time of writing, on April 14, the ...

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