Former Target Vice Chairman Gerald Storch explained the Target Corp.'s recent sales drop, saying one contributing factor was its 2023 Pride collection.
had somewhat of a material impact, Target CEO Brian Cornell appeared to suggest on a call with reporters.
Many Target locations across the country feature massive June Pride month displays on an annual basis.Fox News Digital first reported
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Target posts weak sales in 2Q, hurt by negative reaction to Pride merchandise, inflation.Target has reported weaker-than-expected sales for its the fiscal second quarter. The retailer's results were hit by headwinds including inflation and the widely publicized negative reaction by some customers to its Pride merchandise.
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Target sales ebb after Pride month shopper backlash and the company cuts profit outlook for 2023The retailer expects high interest rates, which makes credit cards more expensive to use, and higher prices on food to keep putting a strain on customers.
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Target sees profit boost on fewer discounts, Pride backlash hurts salesTarget cut its full-year sales and profit expectations even as its quarterly profit exceeded Wall Street estimates on Wednesday, benefiting from fewer discounts and better stocked store shelves.
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Target’s Pride merchandise leads to sales slumpTarget's second quarter store sales and revenue fell amid the ongoing consumer backlash from the retailer’s Pride and transgender merchandise, the retail-chain company reported on Wednesday.
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Pride Month backlash leads to first quarterly sales drop for Target in six yearsTarget slashed its annual earnings forecast after its quarterly sales dropped for the first time in six years, a decline attributed to inflation, retail theft, and the consumer boycott over the retail giant’s transgender-themed Pride Month collection.
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Target sales tumble after Pride Month backlashThe retailer slashes its full-year outlook as price-conscious shoppers stick to essentials, do their discretionary spending elsewhere.
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