Target Gets Bad News Amid Push for ‘Pride’ Products

Shoping carts are wheeled outside a Target Store during Black Friday sales in Brooklyn, New York, on Nov. 26, 2021. Brendan McDermid/Reuters

Target’s stock has dropped more than 10 percentage points since the company drew controversy for unveiling its latest line of LGBT products.

Since the backlash hit Target, the Minneapolis-based retailer’s stock has dropped some 12 percent, according to data published by the Dow Jones Market Data Group.  That amounts to a loss of more than $9 billion in market value, the data show.