🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Target to cut LGBTQ Pride month products from some stores after backlash, Bloomberg reports

Published 05/09/2024, 06:02 PM
Updated 05/09/2024, 10:20 PM
© Reuters. FILE PHOTO: People shop at a Target store during Black Friday sales in Chicago, Illinois, U.S., November 25, 2022. REUTERS/Jim Vondruska/File Photo
TGT
-

(Reuters) - Target is planning to cut LGBTQ-themed merchandise from some of its stores during Pride Month this June, Bloomberg News reported on Thursday, after a backlash hit sales of the retailer last year.

Target plans to offer the full assortment of the merchandise online but is examining store-level data to decide which physical locations will carry the products, the report said, citing people familiar with the matter.

Target is likely to stock the products in about half of its nearly 2,000 stores in the U.S., the report said.

The move comes after Target was forced to remove some items, including certain transgender swimsuits, from its LGBTQ+ themed collection last year after facing customer backlash and confrontations between customers and employees in some stores. Target blamed the backlash in part for a drop in its sales in its second quarter last year.

On Thursday, a Target spokesperson said it was committed to supporting the LGBTQIA+ community during Pride Month, which is celebrated in June, and year-round.

© Reuters. FILE PHOTO: People shop at a Target store during Black Friday sales in Chicago, Illinois, U.S., November 25, 2022. REUTERS/Jim Vondruska/File Photo

The Minneapolis-based retailer will maintain a presence at local Pride events in Minneapolis and around the country, and would offer a collection of products for Pride month "curated based on guest insights and consumer research," in select stores and online, the spokesperson added.

(This story has been refiled to add 'reports' at the end of the headline)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.