May 09, 2017
If the Target corporation is imploding, then it's going down in a rainbow blaze of glory. Despite taking a year-long beating on Wall Street, the stubborn LGBT ally is clinging to the radical agenda that earned it the scorn of almost 1.5 million consumers. After refusing to change its bathroom and changing room policy (despite a growing number of predators in stores across America), executives are getting even more aggressive with their extremism.
Down more than 30 percent on the stock market, Target executives are turning to #TakePride merchandise to save them. From rainbow bags, cell phone cases, and t-shirts, stores are literally selling out half the country with its brazen line. Of course, this is nothing new for the retail giant, who, long before the Supreme Court redefined marriage, annoyed shoppers with its "love is love" merchandise.
Now, after taking a 13-month PR beating, the company still hasn't learned its lesson. It may as well be the Titanic, speeding up to hit the iceberg. "Everyone deserves to feel like they belong," the company said in a statement about its new LGBT gear. But apparently, not everyone deserves to feel safe. That's the irony. Target may be selling rainbow clothes, but they can't guarantee that women can try them on without running into a man in the fitting room.
As Reuters points out, "Target said it missed its 2016 Incentive EBIT [earnings before interest and taxes] goal of $5.74 billion by $623 million and fell short of its adjusted sales target of $71.62 billion by $2.13 billion." No wonder CEO Brian Cornell had to take a 30 percent pay cut. Although he admitted that he opposed the transgender policy, Cornell told the Wall Street Journal that he didn't find out it was official until after the announcement. Either way, he says he felt "stuck" with it. Now, the only thing that's stuck is Target -- in a mess of its own making. And while it tries desperately to make up lost profits, this latest move is nothing to #TakePride in.
Tony Perkins' Washington Update is written with the aid of FRC senior writers.