Target lost $10 billion over the last 10 days after launching its Pride-themed clothing line
Target’s stock price sank to $138.93, the lowest in nearly three years
Texas GOP Sen. Ted Cruz didn’t believe the boycott vs. Target would be impactful
Target, one of the largest U.S. retailers, has been targeted by a boycott over its LGBTQ-friendly kids’ clothing, wiping out billions of dollars worth of stocks.
New York Post reported that Target lost $10 billion in market valuation over the last 10 days due to the backlash it received from its LGBTQ-themed kids’ clothing line.
Last Wednesday, Target’s stock value was at $160.96 a share, but its value sank and closed Friday at $138.93 a share — the retailer’s lowest stock price in nearly three years.