{"id":85223,"date":"2023-05-26T06:13:41","date_gmt":"2023-05-26T11:13:41","guid":{"rendered":"http:\/\/www.shotinthedark.info\/wp\/?p=85223"},"modified":"2023-05-26T07:06:39","modified_gmt":"2023-05-26T12:06:39","slug":"85223","status":"publish","type":"post","link":"http:\/\/www.shotinthedark.info\/wp\/?p=85223","title":{"rendered":"Off Target"},"content":{"rendered":"\n<p>It&#8217;s <a href=\"https:\/\/ijr.com\/target-loses-billions-in-market-value-after-boycott-over-lgbt-themed-products\/\">not a good week to be a Target shareholder<\/a>.  <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Target\u2019s stock price has taken a hit amid the backlash over its LGBT-themed products.<\/p>\n\n\n\n<p>The New York Post&nbsp;<a href=\"https:\/\/nypost.com\/2023\/05\/25\/target-loses-8b-in-week-since-boycott-calls-over-pride-collection\/?utm_medium=social&amp;utm_campaign=nypost&amp;utm_source=twitter\" target=\"_blank\" rel=\"noreferrer noopener\">noted<\/a>&nbsp;on May 17 the retailer\u2019s stock closed at $160.96 per share, giving it a market value of $74.3 billion.<\/p>\n\n\n\n<p>But as of Thursday morning, its stock price was&nbsp;<a href=\"https:\/\/finance.yahoo.com\/quote\/TGT?p=TGT&amp;.tsrc=fin-srch\" target=\"_blank\" rel=\"noreferrer noopener\">hovering<\/a>&nbsp;around $140 a share. And its market value was down roughly $10 billion and around $64 billion.<\/p>\n<\/blockquote>\n\n\n\n<p>Target is&#8230;<\/p>\n\n\n\n<p>&#8230;I was about to say &#8220;pushing back&#8221;.  <\/p>\n\n\n\n<p>But it&#8217;s more &#8220;trying to deflect&#8221;:   <a href=\"https:\/\/www.cnn.com\/2023\/05\/25\/business\/target-lgbtq-merchandise-pressure-trans\/index.html\">This piece is called &#8220;Target is being <em>held hostage<\/em> by annti-LGBTQ campaign&#8221;.<\/a>  <\/p>\n\n\n\n<p>No word if any &#8220;pouncing&#8221; was also involved. <\/p>\n\n\n\n<p>But here&#8217;s the part were I have a question.  Target accepts a certain amount of &#8220;breakage&#8221;; shoplifting, vandalism, even people opening containers to see what&#8217;s i before they buy unopened ones.  They accept it as part of the cost of doing business &#8211; even more so today, when their urban stores are plagued with rampant theft and vandalism.  <\/p>\n\n\n\n<p>So about this bit here:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>The campaign became hostile, with threats levied against Target employees and instances of damaged products and displays in stores&#8230;In the end, Target opted to protect employee safety by removing certain items that it said caused the most \u201cvolatile\u201d reaction from opponents.<a href=\"https:\/\/www.cnn.com\/2023\/05\/01\/business\/bud-light-marketing\/index.html\"><\/a><\/p>\n<\/blockquote>\n\n\n\n<p>DIsplays get damaged all the time.  And Target employees are no strangers to angry, hostile customers.   None of which is OK. <\/p>\n\n\n\n<p>But Target is claiming there&#8217;ve been attacks, even violence, against Target workers. <\/p>\n\n\n\n<p>So where are the reports of the actual acts of violence?<\/p>\n\n\n\n<p>No video?  Nothing in writing anywhere?  <\/p>\n\n\n\n<p>Call me a cynic, but it <em>almost <\/em>appears that Target is trying to deflect blame for its market bleeding away from tuck-under swimsuits for teenage boys and Satanic designers, and over to the Phantom MAGA Menace.  <\/p>\n\n\n\n<p>Someone show me if I&#8217;m wrong, here. <\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>UPDATE 7:03 AM<\/p>\n\n\n\n<p>Oh.   <\/p>\n\n\n\n<figure class=\"wp-block-embed\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Maybe the violence thing was never really a thing? <a href=\"https:\/\/t.co\/vCivNmf5qO\">https:\/\/t.co\/vCivNmf5qO<\/a><\/p>&mdash; Dad Was Right (@DadWasRight91) <a href=\"https:\/\/twitter.com\/DadWasRight91\/status\/1662063012033748996?ref_src=twsrc%5Etfw\">May 26, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Given that the demand for \u201cright wing violence\u201d exceeds the supply  by an order of magnitude or two, it was always a safe bet.  But hate assuming  <\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s not a good week to be a Target shareholder. Target\u2019s stock price has taken a hit amid the backlash over its LGBT-themed products. The New York Post&nbsp;noted&nbsp;on May 17 the retailer\u2019s stock closed at $160.96 per share, giving it a market value of $74.3 billion. But as of Thursday morning, its stock price was&nbsp;hovering&nbsp;around [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57,18],"tags":[],"class_list":["post-85223","post","type-post","status-publish","format-standard","hentry","category-economy-and-the-market","category-pc"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/85223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=85223"}],"version-history":[{"count":4,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/85223\/revisions"}],"predecessor-version":[{"id":85227,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/85223\/revisions\/85227"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=85223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=85223"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=85223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}