Target’s said its quarterly sales fell for the first time in six years — a result of customers’ “negative reaction” to its spring “Pride” clothing collecti…
Target on Wednesday said its sales declined in the second quarter, a period in which the retailer faced boycotts and right-wing backlash over its Pride Month collection.
Target'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.
Target’s quarterly sales fell for the first time in six years as consumers pulled back on discretionary goods and fierce right-wing backlash to Target’s Pride Month collection took a toll on the brand.
Target 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 Drop After ‘Negative Reaction’ To Pride Month Collection—But Profit Beats Expectations | Since Then