Target has lost $10 billion in market valuation over the last 10 days as the popular retailer continues to face backlash over its Pride-themed clothing line for children.
over the last 10 days as the popular retailer continues to face backlash over its Pride-themed clothing line for children.the calls to boycott
The more than 22% drop in value for the blue chip stock roughly translates to a $10.1 billion loss in valuation to just $64.2 billion for Target, which has nearly 2,000 stores nationwide. While many have likened the conservative boycott against Target to that of Bud Light – which saw sales crash after partnering with transgender influencer Dylan Mulvaney –Speaking on his podcast Friday, the Republican said that while multiple alternatives exist to replace Anheuser-Busch’s brands, the same is not so for Target.BACKGRIDBACKGRID
“You can be annoyed at Disney but if your kids really want to go to Disney World, that can be hard to say no to. There are not a lot of alternatives. There’s Six Flags but Disney World is a pretty unique offering,” Cruz said.
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