Mega retailer Target has not recovered from consumer boycotts triggered after the company promoted Pride merchandise, with share prices and market cap declining significantly along with financial and popularity metrics. American consumers started boycotting Target in May, after the retail chain rolled out its transgender collection, which included some items that targeted children, including books,…
Mark Levin Says Target Won’t Sell His Book Due to Concerns Liberal Customers May Get ‘Offended’
July 6, 2023
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Conservative radio personality Mark Levin’s upcoming book has been banned from sale by Target as the mega retail chain was reportedly worried the book would offend Democrats. “Target has informed my publisher, Simon & Schuster, that it will not carry my new book when it is released on Sept. 19,” Mr. Levin said in a…
Target Shares Fall Following ‘Pride’ Push
Shares of Target have recently declined after the company launched LGBTQ products, including items aimed at children, triggering a backlash from Americans against the retailer’s transgender push. Target rolled out its Pride collection at the beginning of the month, offering over 2,000 products, including clothing, books, home furnishings, and calendars, among others. Some of the…
Target Warns of Weaker Profits Due to Overstocked Stores and Inflation
Target announced in a June 7 press statement that its earnings would take a short-term hit, after marking down unwanted merchandise and canceling orders in an attempt to rid itself of excess inventory in order to save on costs, causing its shares to drop nearly 4 percent in the afternoon. The major retailer anticipates that its…
Target Will No Longer Open Stores On Thanksgiving Day
Target will no longer open their retail outlets on Thanksgiving Day, making permanent what was initially a pandemic-related move for distributing single-day foot traffic over an extended weekend shopping event. In view of COVID-19 restrictions, retailers last year were forced to start the holiday promotions earlier so that crowds would not gather for last-minute deals…
Big Retailers Line up Deals to Take on Amazon Prime Day Frenzy
June 21, 2021
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Amazon.com will face challenges from big retailers during its annual Prime Day promotion, as more merchants piggyback on the multibillion-dollar online sales event. Target, Walmart, Bed, Bath & Beyond, Macy’s and Kohl’s are some top retail chains offering big discounts and promotions to coincide with Prime day, which takes place on Monday and Tuesday this…
Target Joins List of Retailers that Will Not Require Fully Vaccinated Customers to Wear a Mask
Target announced Monday that they will no longer require face coverings for those who are fully vaccinated but will ask guests who have not complied with CDC vaccination requests to wear a mask in accordance with their new guidelines. “Target will no longer require fully vaccinated guests and team members to wear face coverings in…
Target to Invest $4 Billion Annually to Cement Pandemic Market Share Gains
Target will invest $4 billion annually over the next several years to open more stores, upgrade existing ones, and build out its supply chain as the retailer tries to cement market share gains made during the COVID-19 pandemic. The announcement on Tuesday comes after the company reported a 21 percent jump in holiday quarter revenue…
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