Class Action Suit Hits Target for Moonbattery
Costco execs take note: now is not the time for doubling down on DEI and earning kisses from the likes of Al Sharpton. Americans are not in the mood for it. Ask Target:
Target was hit with a class action lawsuit [on January 31] after shareholders alleged the national retailer misled investors about the risks of its DEI initiatives, which led to consumer boycotts and its stock price to tank.
Tank it did:
Target’s stock price plummeted 22% on Nov. 20, 2024, destroying nearly $16 billion in market cap in a single day after the retailer reported disappointing earnings. The dive in prices came after Target became embroiled in a nationwide controversy surrounding its DEI and Pride initiatives.
Target has really shoved wokeness in customers’ faces:
The retailer faced severe backlash in 2023 after they sold “tuck friendly” female-style bathing suits and mugs displaying the term “gender fluid” as part of their Pride store displays. … Target’s sales fell 5.4% in the quarter ending Jul 2023, the first time its sales dropped in six years, according to the lawsuit.
Target’s LGBTification efforts have bordered on the satanic by involving products from Abprallen, which associates LGBTism with devil worship and advocates both.
Why did @target hire a Satanist to design pieces for their recent “Pride” clothing line?
WTF
“Satan loves you and respects who you are… LGBTQIA+ people are so often referred to as being a product of Satan or going against God’s will, so fine. We’ll hang with Satan instead.” pic.twitter.com/FLsNZNzHNa
— Scarlett Johnson (@scarlett4kids) May 20, 2023
In addition to misleading investors regarding the subordination of business interests to moonbattery,
Target allegedly had executives implement their DEI initiatives who had “disabling” conflicts of interest. Senior executive Carlos Saavedra and Vice President and Chief Food and Beverage Officer Rick Gomez both held positions at the LGBTQ rights organization GLSEN.
GLSEN (Gay, Lesbian, Straight Education Network) targets children for sexual corruption. This may appeal to the Democrat base but not to average shoppers.
Now Target is getting hit from both sides:
The company announced it was rolling back its DEI programs in January. In response, organizers of the Twin Cities Pride Festival have announced that the retailer is no longer welcome at the Minnesota parade.
The lesson, should other companies like Costco choose to learn it: Stay out of the culture wars. Knock off with the social engineering. Stick to retail.
On a tip from Mr. Freemarket. Hat tip: Not the Bee.
The post Class Action Suit Hits Target for Moonbattery appeared first on Moonbattery.
Source: https://moonbattery.com/class-action-suit-hits-target-for-moonbattery/
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