Saw this today.
Target Stock Plummets Americans are upset about Target’s Pride Month displays, and the backlash has wiped out $9 billion in market value since May 17th. Target has boosted profits with LGBTQ-themed merchandise for a decade, but consumers have been especially bothered this year by the aggressive nature of the items: female bathing suits with “extra crotch coverage,” children’s swim skirts designed for “multiple gender expressions,” and children’s books about gender fluidity. Shares dropped by 12% as the S&P 500 held steady, and Target’s CEO has responded by shrinking the Pride displays and moving them to the back of the store.
They need to lose 20 billion....then they might take action. But until then it is only money.....
BlackRock has tons more...