Target: Go woke and go broke

[TobyOne]

Remember when they "just want to be able to get married?". Seems so long ago.

 

[US&THEM]

Liberalism is a DISEASE.

Your ignorance is predictable

 

[Visbek]

Target has lost $10 billion in market capitalization in ten days....

Target's stock price has been falling since 2021. Was that due to "wokeness?"

Walmart's market cap has fallen $18 billion since May 13th. Is that also due to "wokeness?"

The amount of bullshit people throw around when it comes to stock prices is truly astounding.

largely due to the backlash over prominent LGBTQ+ PRIDE displays including transgender-friendly clothing items for children.

No, dude, that isn't what happened.

A handful of customers were berating and threatening store staff over the Pride displays, raising concerns at corporate that staff or customers would be targets of homophobic violence. They moved displays to the back of some stores. There was no boycott, that's just a bunch of grifters trying to tack onto the news reports.

According to a report published Sunday by The New York Post

Let us know when you can find a newspaper that's fit to wrap fish.

 

[Visbek]

Kohls saw a rising number of #BOYCOTTKHOLS hashtags online after conservative commentators posted about how it was selling a Pride onesie for 3-month-old kids.

OMG NOOO!!!

Oh, wait, no one cares. Stock price hasn't changed much either, by the way.

 

[Visbek]

The stock has reached a 52-week low!

Target's stock peaked in October 2021. (It's still much higher than its pre-pandemic price.) Was that due to "wokeness?"

 

[Visbek]

I don't care whether they are or not, what people are trying to tell progressives is that their sales pitch is getting a bit old.

Riiiight

I don;t care whether the little mermaid is purple, MAKE LESS MOVIES that have to have wokeism in them, because people are sick of having a damn political message in their entertainment and everything they do. The market is oversaturated.

Is that why The Little Mermaid dominated the box office this weekend? Why it was the 5th best Memorial Day Weekend launch for a film? The highest grossing film with a Black female lead?

Maybe, just maybe, you shouldn't conflate your preferences with what the public wants. Just a thought.

 

[eman623]

What's the over-under on Target's VP of marketing going on administrative leave, or resigning to spend more time with the family?

 

[Hypothetical]

So what your saying is one can only push the bigots so far before the bigotry starts overflowing?

no I am saying you can only push society so far with your attempts at gaslighting before there is an inevitable distaste for your argument.

you want to know why people are having issues with what you are trying to sell? because your team won't STFU about it.

unfortunately, I believe you have only seen the tip of the iceberg.

 

[beefheart]

Once again, the right wing hypocrisy....

 

[Crakhobarbie]

no I am saying you can only push society so far with your attempts at gaslighting before there is an inevitable distaste for your argument.

you want to know why people are having issues with what you are trying to sell? because your team won't STFU about it.

unfortunately, I believe you have only seen the tip of the iceberg.

Oh my goodness..... So you've been victimized by being forced to acknowledge trans folk exist.
You were forced to look at a pride display at Target (oh no!!)
Budweiser sent a beer can to a trans influencer and you've been unfairly fairly forced to acknowledge that happened. ( Oh the horror!!)
I don't know how you get through the day with all the "trans stuff" being jammed down your throat by all these evil Democrats.
But on the other hand....
The only people who care about the increased visibility of trans folk, are transphobic bigots.
Nobody else could give a shite.
You got that hypo?

 

[Bucky]

Why would I? I'm not interested in the stock market in general. I think my husband has some for retirement, but my feelings are that stock markets and selling parts of companies up as stock is one the main reasons our country is so broken.

That doesn't at all matter though to this discussion. The fact is Target stock jumped up (like many similar retailers) during Covid and now is going to come back down. People are going to blame this, call it backlash for going woke, but in a month or 6 months or a year, it will equalize and likely head back up again because market forces don't work that way and people do forget.

LOL. "I think my husband has some for retirement."

Don't you think that is important to know?

 

[M1Gringo]

Lies! Target is doing the American people a favor! Most people want their child to transition to another gender!

 

[Michael Cole]

no I am saying you can only push society so far with your attempts at gaslighting before there is an inevitable distaste for your argument.

you want to know why people are having issues with what you are trying to sell? because your team won't STFU about it.

unfortunately, I believe you have only seen the tip of the iceberg.

Target: Go woke and go broke

Remember when they "just want to be able to get married?". Seems so long ago.

debatepolitics.com

 

[Michael Cole]

LOL. "I think my husband has some for retirement."

Don't you think that is important to know?

Do you know what your husband's investments are?

 

[roguenuke]

LOL. "I think my husband has some for retirement."

Don't you think that is important to know?

We have other sources for retirement, including my pension for retiring from the military.

 

[Roadvirus]

Going broke....

Target set to post first quarterly revenue drop in six years as consumers cut spending

Target is expected to post its first quarterly drop in revenue in about six years when it reports results on Wednesday, as the big-box retailer reels from a shift in consumer spending away from discretionary goods to services.

www.reuters.com

 

[roguenuke]

Going broke....

Target set to post first quarterly revenue drop in six years as consumers cut spending

Target is expected to post its first quarterly drop in revenue in about six years when it reports results on Wednesday, as the big-box retailer reels from a shift in consumer spending away from discretionary goods to services.

www.reuters.com

Oh look someone trying to twist a story.

In recent months, consumers have been spending more on services such as travel and entertainment, while cutting down on non-essential purchases including clothing and home goods amid high inflation.

 

[Lisa]

Going broke....

Target set to post first quarterly revenue drop in six years as consumers cut spending

Target is expected to post its first quarterly drop in revenue in about six years when it reports results on Wednesday, as the big-box retailer reels from a shift in consumer spending away from discretionary goods to services.

www.reuters.com

This has nothing to do with being woke. You should read the article before you post it.

Aug 14 (Reuters) - Target (TGT.N) is expected to post its first quarterly drop in revenue in about six years when it reports results on Wednesday, as the big-box retailer reels from a shift in consumer spending away from discretionary goods to services.

In recent months, consumers have been spending more on services such as travel and entertainment, while cutting down on non-essential purchases including clothing and home goods amid high inflation.


"Target is going to suffer more versus the others because they have a much larger consumer discretionary element to their business," Edward Jones analyst Brian Yarbrough said.

At least 16 analysts have cut their price targets on the retailer since the beginning of June as its merchandise is skewed towards discretionary items such as clothes, electronics and beauty products.

Target set to post first quarterly revenue drop in six years as consumers cut spending

Target is expected to post its first quarterly drop in revenue in about six years when it reports results on Wednesday, as the big-box retailer reels from a shift in consumer spending away from discretionary goods to services.

www.reuters.com

 

[Roadvirus]

Oh look someone trying to twist a story.

This has nothing to do with being woke. You should read the article before you post it.

Target set to post first quarterly revenue drop in six years as consumers cut spending

Target is expected to post its first quarterly drop in revenue in about six years when it reports results on Wednesday, as the big-box retailer reels from a shift in consumer spending away from discretionary goods to services.

www.reuters.com

Considering the shitstorm Target voluntarily walked into, i seriously doubt that consumer spending cuts is what's spilling red ink all over Target's balance sheets.

 

[Mr Person]

There's a special disgusting perversity to people cheering the negative impacts of anti-LGBTQ hatred on businesses.

 

[Lisa]

Considering the shitstorm Target voluntarily walked into, i seriously doubt that consumer spending cuts is what's spilling red ink all over Target's balance sheets.

That's not what your article says. Is capitalist Forbes also woke? Released 12/Aug/23. The drop in sales is industry wide.

When the National Retail Federation (NRF) puts out a release with the headline “Consumer Spending Is Slowing,” retailers better take notice. This message is a marked change since the trade association has been consistently upbeat about the retail industry despite the financial pressures shoppers are facing.






“There are ongoing economic challenges and questions, and the pace of consumer spending growth is becoming incrementally slower,” chief economist Jack Kleinhenz reported. He continued, “The current framework clearly increases the chance of a slower economy,” in reference to the Federal Reserve’s actions to control inflation.




Just last month, in the July Monthly Economic Review, Kleinhenz’s tone was predictably sanguine. “The year is half over and the economy is still moving in the right direction. While its rhythm, tone and pattern have slowed, it has not stalled, and recently revised data shows underlying strength that seems to be rolling forward.” The NRF did not respond to my request for comment. Reporting that year-over-year spending growth slowed to 1.6% in the second quarter, after rising 4.2% in the first, the NRF also noted that spending on services was the major growth driver, rather than goods bought at retail.

Consumer Spending Slows, Putting The Rest Of Year At Risk For Retailers

When the National Retail Federation (NRF) puts out a release with the headline "Consumer Spending Is Slowing," retailers better take notice.

www.forbes.com

 

[roguenuke]

Considering the shitstorm Target voluntarily walked into, i seriously doubt that consumer spending cuts is what's spilling red ink all over Target's balance sheets.

This is just more BS. There is no evidence that Target is specifically losing any money, profit due to the conservative temper tantrums.

 

[CaughtInThe]

Target becomes latest company to suffer backlash for LGBTQ+ support, pulls some Pride month clothing

Target is removing certain items from its stores and making other changes to its LGBTQ+ merchandise nationwide ahead of Pride month, after an intense backlash from some customers including violent confrontations with its workers. Target declined to confirm which items it was removing but among...

apnews.com

Target is becoming the next Bud Light. I am going to short Target the stock. Again, go woke up and go broke down.

Americans will not tolerate the extreme political messages these large corporations are trying to make.

This is a warning shot to all retail stores, if you go woke, you will suffer. Workers will be confronted, customers will be angry and cause backlash.

CEOs and executives need to learn or they will suffer the consequences.

Target shares jump more than 17% after retailer posts big earnings beat, even as sales fall again

Target is still catering to shoppers who are hungry for deals and aren't buying much more than the necessities.

www.cnbc.com

 

[VySky]

Target shares jump more than 17% after retailer posts big earnings beat, even as sales fall again

Target is still catering to shoppers who are hungry for deals and aren't buying much more than the necessities.

www.cnbc.com

From your own link.

You didn’t read it did you?

“Plus, it has faced its own challenges. Targetgot blowback for a collection of merchandise for Pride month, a celebration of LGBTQ+ people and issues, that it has sold for more than a decade. It got hit by higher levels of organized retail crime. And it recently shuttered nine stores in major cities, blaming the closures on theft and threats of violence.”

 

[Crakhobarbie]

From your own link.

You didn’t read it did you?

So your citing thefts and threats of violence from transphobic far right zealots as something you approve of?
What's wrong with you man?