Target market value drops $9 billion in a week amid boycott over pride offerings
(Worthy News) – Retail giant Target has lost billions in market value amid public outcry over its offering of LGBTQ-themed clothing for children.
Company market cap amounted to $74.3 billion as of last Wednesday, according to the New York Post. But by the end of trading on Thursday, that figure stood at 64.96 billion, meaning Target lost more than $9 billion in value in slightly over a week.
The company attracted bad press last week over its offering of such items, which including children’s clothing, books, and dog toys. Among the most controversial were “tuck-friendly” swimsuits intended for transgender adults. [ Source: Just the News (Read More…) ]
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