Target loses $12B in 14 days: Retail giant’s market cap plummets after longest losing streak in FIVE YEARS as shares drop to lowest level in a year amid Pride ‘tuck-friendly’ swimwear controversy
Target’s share prices continued to plummet for an eighth-straight day Tuesday as the retailer faces its biggest losing streak in five years.
Shares fell 3.66 percent on Tuesday, resulting in the once-popular retail store losing a whopping $2.4billion in market capitalization amid widespread backlash to its Pride display, which included ‘tuck-friendly’ women’s swimwear.
Target’s diversity chief says ‘white women’ should take action against systemic racism and call out ‘transgressions’ in the post-George Floyd world – as retail giant tanks $12.5B in value amid botched Pride merchandise
