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Business

DOWN, DOWN, DOWN: Target Stock Price on Longest Losing Streak in 5 Years

posted by Hannity Staff - 5.31.23

Target is paying the price for going woke.

According to a report from The Daily Wire, Target shares continued to skid on Tuesday, marking the longest losing streak the chain has suffered in almost five years.

Tagret’s stock price has fallen for eight straight days and fell 3.66% on Tuesday. The retail giant has lost more than $12 billion dollars in market value since rolling out its controversial Pride displays.

“What you’ve seen in recent days went well beyond discomfort, and it has been gut-wrenching to see what you’ve confronted in our aisles,” Target CEO Brian Cornell stated to employees last week, adding there were “two guiding principles when it came time for us to act: do all we can to keep our team safe, and do all we can to honor our commitment and connection to the LGBTQIA+ community.”

From The Daily Wire:

In 2016, Target introduced a gender-neutral line for children and also asserted they would allow transgender people to use whatever bathroom they preferred, prompting criticism. Target then spent $20 million to put private bathrooms in their stores.

The vice president for brand management at Target also serves as treasurer of an LGBT group that has received millions of dollars in donations from Target and urges schools to adopt policies to help trans and nonbinary school students hide their  “gender identity” from their parents.

Target made “emergency” calls in Mid-May to managers and senior directors at the store after the company faced backlash for its Pride collection, which included “tuck-friendly” female swimwear and other products, according to a source inside the company.

Conservative voices celebrated Target’s tanking on social media.