Target and Anheuser-Busch Still Licking Their Wounds – VIDEO
In a sign of growing discontent among regular Americans, the stock prices of two major corporations have plummeted in recent weeks. Target’s stock price has fallen by nearly 20% since the beginning of the year, while Anheuser-Busch’s stock price has fallen by nearly 15%.
Target is facing the consequences of rolling out a shocking line of clothes and merchandise—some of it marketed to kids—to celebrate LGBTQ Pride Month. Target faced consumer backlash after promoting LBGTQ clothing including “tucking” swimwear for concealing male anatomy. They also sold clothing items like this in the children’s section, sexually-themed books for kids, and a clothing line designed by UK-based Satanist designer Abprallen.
One Tik Tok user showed the clothing line in Target for kids and ended her video by showing the very limited Fourth of July section. She called for a boycott.
And Anheuser-Busch is still feeling the heat of a marketing partnership with transgender TikTok personality Dylan Mulvaney. Bud Light sales have continued to fall disastrously and have shown no sign of recovering. In fact, now they’re trying to buy back their own beer because no one else wants to.
Beer Business Daily editor and publisher Harry Schuhmacher wrote::
“The whole industry is in shock. Even Bud’s competitors aren’t really dancing on the grave because they know it could have happened to them
This particular promotion just really struck a chord. It was just a bridge too far, apparently, for consumers… we’re in week six and it doesn’t look like it’s getting any better.
In fact, the numbers just keep getting a little worse every week… down in the 25% area. And their competitors are up almost just as much, and that’s continuing through today.”
And Fox Business reported: “Shares [for Target] slipped 2.7% on Wednesday and have dropped more than 9% this month, with 6% of that decline this week alone, as tracked by Dow Jones Market Data Group. That amounts to $4.2 billon in market value. Over the same time frame, the S&P 500 has dropped just over 1%.”
Target's stock is down 10.88% in the last week. Keep it up. pic.twitter.com/JT666jktUh
— Rosie's Raytheon Refund (@DarnelSugarfoo) May 24, 2023
Target has gone completely woke. They’re now selling tucking and binding clothing for little kids. pic.twitter.com/MQZ1YDhm0f
— Libs of TikTok (@libsoftiktok) May 23, 2023
Keep boycotting Target period pic.twitter.com/wiNcZwtvSX
— I Meme Therefore I Am 🇺🇸 (@ImMeme0) May 24, 2023