academiccompositionab
Empowerment Equalizer
SSaragian
Ann Sterzinger
Rodney
RJ
busterjames
cainusmaxus
Craig FitzGerald
David Heleniak
Caity & Dan Greene
keirmartland
Keith Preston
Bill the Butcher
ljp711
MRDA
Jack Donovan
Rachel Haywire
comrade hermit
Michael
Vince
robertstark2014
Noonan
S E Pearson
Rachel Haywire
Nexus X HumectressBy Shannon Thaler and Lisa Fickenscher
Target’s stock has lost a whopping $13.8 billion over the past two weeks, hitting its lowest levels in nearly three years as the “cheap chic” discount retailer continues to face backlash over LGBTQ-friendly kids clothing.
Shares of the embattled chain sank 2.2% at $130.93 on Wednesday after dropping for eight straight sessions — the stock’s longest losing streak since November 2018 — giving the company a market capitalization of $60.4 billion.
That’s off 19% from two weeks earlier on May 18, when the stock was trading at $160.96 on the eve of the crisis.
It’s also the lowest levels Target shares have hit since the company was recovering from the depths of the pandemic in mid-2020.
The ongoing losses are a result of an ongoing 14-day boycott that was triggered by Target’s release of “PRIDE,” an LGBTQ-friendly line that includes clothing for children and “tuck-friendly” women’s swimwear with “extra crotch coverage.”
