Why is Reddit celebrating that Target’s stock is down?

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Why is Reddit celebrating that Target’s stock is down?

Comments

  1. Pastadseven Avatar

    Target’s run by shitheads.

  2. hikeonpast Avatar

    Target abandoned its DEI policies under pressure from the GOP earlier this year. Last year, they caved to pressure from conservatives and scuttled their pride merch.

    As a result, all of us woke folks have taken our dollars elsewhere. Don’t feel bad for them though; I’m sure that there will be a Target sale on the White House lawn any day now to try to rescue them from their business decisions.

  3. tsukiii Avatar

    Target alienated their left-leaning base audience by cutting their DEI programs for Trump, so now they’re getting their comeuppance.

  4. number1dipshit Avatar

    Cause fuck Target

  5. tinverse Avatar

    Well some people say because of political reasons. As someone who worked there back in 2018 and occasionally checks r/target, Target Corporate are full of shit and create policies and workflows having never worked a day on the floor in their lives. I am not surprised they’re doing poorly.

  6. ExhaustedByStupidity Avatar

    Target traditionally had very liberal management and customers. They had strong DEI policies and generally put a lot of effort into accommodating minority groups such as LGBTQ+ in their product selection and marketing. It generally gained them a lot of business.

    They cancelled a lot of that to appease Trump, so their customers have been boycotting. The boycott is proving to be very effective as sales are down significantly. Target’s stock has dropped about 30% on the year, which is enormous. For comparison, the market as a whole was down something like 15% when everyone was freaking out over tariffs.

  7. NYanae555 Avatar

    As a store, Target has really gone downhill. Target treats its workers badly. Target and its workers treat the customers badly. Who cares about the stockholders at this point? If they want their stocks to rise, they can better themselves.

  8. AstralCode714 Avatar

    Honestly it’s nice to hear about any stock other than Tesla on this site

  9. knotatumah Avatar

    Everybody talks DEI and woke this LGBTQ that but Target was also one of the foremost price gougers during COVID and their prices never came down. I like Target but they need to be knocked down a few pegs. Like, a lot of pegs.

  10. jtg6387 Avatar

    They pissed off both sides of the aisle. They rolled out pro-LGBT stuff, and they got backlash from conservative white women who make up a large portion of their client base. They backtracked, and that pissed off the remainder of their client base.

    So, because they decided to play politics and not stick to their guns, nobody is happy and everyone is looking elsewhere.

    They’re also over-reliant on China for product (and uh, tariffs), their prices don’t jibe well in a middling at best economic environment, their leadership has been wishy-washy since 2015, and there’s more too.

    Edit: jive -> jibe (typo)

  11. PeonyLilacc Avatar

    Prob just reddit bein reddit lol ppl love seeing big corps take Ls even if it lowkey affects everyone.

  12. Fr33zurBurn Avatar

    Personally, I’ve never been a fan of Target. They’re just Walmart with a fancy coat of paint and over-inflated prices on their goods. Why people shopped there was beyond me.

    As for why Reddit is celebrating, they were one of the first companies to comply with rolling back DEI programs and bend the knee to Trump. This mainly affected small businesses who had exclusivity deals to sell their products only at Target, so a lot of them pulled out.

    Less reason to shop there now that there are less exclusive products, and they pissed off half the country within a few days.

  13. dmf109 Avatar

    I just hate how the shelves are always a mess, there are pallets of merchandise blocking the aisles, and general apathy I see from everyone working. The corporate culture must be truly awful to so fully influence the literal feel of so many of their stores. They honestly feel like Kmart before they went under.

  14. StreetOwl Avatar

    I already hate target for their aggressive LP policies give me m ore reasons

  15. T0ADcmig Avatar

    Because reddit is pretty heavily astroturfed with far left leaning ideology. There is definitely a propaganda machine reinforcing many trends here. So target is getting it mainly because it followed a Trump policy as many top comments already point out.

    The astroturfing is not good, i think it hurts the left overall. It made everyone on here think Harris was a shoe in. Your worldview gets smaller in an echochamber like this. You start thinking these views are more generally accepted than reality. Same applies to places where this happens on the right. Resulting in people drifting further towards extreme views both ways, noone wanting to meet in the middle.

  16. LookinAtTheFjord Avatar

    Where?

    But probably b/c Target decided to bitch out on all their inclusive market strategies, otherwise known as DEI, after the criminal was put back in charge of the country again by half a nation of dumb fucks. Diversity, equity, and inclusion. It’s a framework used by organizations to foster a workplace and society where all individuals feel welcomed, respected, and have equal opportunities, regardless of their background or identity.

  17. Krisem711 Avatar

    Cause fuck target that’s why

  18. offbrandcheerio Avatar

    Because they capitulated to the goofy orange man and pulled their DEI initiatives. Turns out, customers like diversity, equity, and inclusion, and publicly canceling that as a major nationwide company with a diverse customer base is bad for business (especially when you very publicly supported all of that stuff for a long time). Target’s stock can hit zero for all I care. It would be 100% deserved.

  19. Wracam_pokonany Avatar

    I stopped shopping there a couple years ago when their stores started looking like this all the time.
    https://imgur.com/a/wptbyZ6

  20. jorsiem Avatar

    Is no one going to mention 70% of what Target sells come from 145% tariffed China and maybe also the market is reflecting that.

  21. South-Bass-9536 Avatar

    Keep up with the times…

  22. Conspicuous_Ruse Avatar

    Political reasons.

    I stopped going because their stores around me are always a mess.

  23. Electrical-Reason-97 Avatar

    It’s quite simple, it’s a boycott success story.

  24. LifeIndependent1172 Avatar

    Payback for corporate hypocrisy. They FA and FO.

  25. chefillini Avatar

    At the very least, it’s just a sign that shows that a boycott works.

  26. Busty-Cutie6 Avatar

    As someone who shops there weekly I’ve noticed they’re trying too hard to please everyone and ended up pleasing no one.

  27. RoughRiders9 Avatar

    What are some good alternatives to target and Walmart if I need to go to a store that basically has everything? Target is basically where we get all of our baby diapers and wipes and other essential daily things (laundry, bathroom supplies, etc) It’s right next door to us so we mostly go there for convenience.

    I’d wouldn’t mind stopping going there but it’s hard not to.

  28. Ok_Internal6425 Avatar

    Generally speaking, big box store bad

  29. blergargh Avatar

    As a former warehouse employee: fuck Target.

  30. DilbertPicklesIII Avatar

    Of course, AFTER my $85 puts expired worthless. Son of a BITCH.

  31. Odd-Marsupial-586 Avatar

    More like Facebook with all the haha reactions whenever news cover it because the audience consists of hillbillies.

  32. TwinFrogs Avatar

    Because it’s a shitty company. 

  33. whorl- Avatar

    I will go back to Target when they reinstate their DEI programs. I benefit from inclusive employers so that is where I choose to spend my money.

  34. Broeder_biltong Avatar

    Because then they can buy it cheap and sell when it goes back up, just like trump and his cronies are doing

  35. Prestigious-Wolf8039 Avatar

    Is there some reason we should cheer for them?

  36. Sexy-Dollyy Avatar

    My sister’s a Target team lead and she said the whole situation is messy.

  37. Im_Ashe_Man Avatar

    They caved to MAGA and removed DEI and LGBTQ+ initiatives from their company. The result is that pissed off a lot of their consumer base.

  38. Conscious_Froyo5147 Avatar

    Because it’s proof boycotts work.

  39. bishopredline Avatar

    This is why companies need to stay out of politics.. hasn’t any CEO learned from Disney? The company lost their special tax district

  40. Phoebebee323 Avatar

    Why is everyone talking about the politics stuff that happened years ago and not the fact that target imports like all of its stuff and trump just a few days ago announced huge tariffs on Chinese imports with delays on the rest of the imports. Targets stock is dropping because target is about to see either massive drops in profit or massive drops in consumers in store or both

  41. Dawnqwerty Avatar

    go woke go broke…..wait

  42. Different_Ad_6642 Avatar

    I think it’s also the fact that people have the power to vote with their dollars

  43. zepol925 Avatar

    Because they played both sides for the right and left i believe. I couldnt care less where businesses stand. If i like a product im buying regardless.

  44. Prestigious_Read_515 Avatar

    Haven’t you heard? The cancel culture is still alive and well from 2020 so when people don’t agree they throw hissy fits 🤦‍♀️🤦‍♀️ ridiculous what a time to be alive

  45. dustysquareback Avatar

    Fuck Target, that’s why. All big box stores are cancer.

  46. Insufficient-Iron Avatar

    As a Canadian, their ill fated entry into Canada and subsequent exit created a mess that has indirectly impacted all of us. The sparkle is long gone and has been replaced with a sour taste. And that’s without touching anything recent.

  47. kehrw0che Avatar

    If you don’t like Target you may be celebrating that their evaluation is down.

    If you like Target it means you can buy their stocks for cheap.

    If you don’t care but like money – their stock is still on sale.

    Each group has something to celebrate.

  48. SwimmingDeep8703 Avatar

    Where does Reddit hold its celebrations? And do you need to be personally invited? This is the first I’m hearing about this but I’d like to go.

  49. KenUsimi Avatar

    I hadn’t heard but honestly if you expect me to shed tears over a big box mart having a bad day financially you’re nuts. They will recover, and then they will get back to their previous mission of destroying local economies and offering endless “sales” that somehow don’t quite distract from the fact that the stuff was way cheaper a few years ago

  50. DirectionTemporary28 Avatar

    Because they are b!tch made

  51. ExtraDrawing Avatar

    Knock them down too far and you’ll get thousands of people that had nothing to do with these decisions laid off. Discount retail is already struggling with tariffs. Few can compete against giants like Amazon and Walmart. Push too hard and there will be even less competition.

  52. spicycookiess Avatar

    The stock market is a celebration of the rich stealing from the poor. I celebrate whenever any stock is down.

  53. waby-saby Avatar

    Reddit hates corporations.

  54. Fit_Farm2097 Avatar

    Target’s announcement slashing its DEI was smug, gleeful, and Orwellian. It suggested that it was making progress in diversity by removing DEI.

    Fuck corporate cunts who think their customers are stupid.

    I shop Wal-Mart now because they didn’t betray me. They’ve ALWAYS been assholes.

  55. RyanLanceAuthor Avatar

    I was shocked to see it has a PE ratio of 10. Incredible. It is probably a great buy.

  56. Switchgamer1970 Avatar

    I have noticed this to.

  57. I_drink_milkshakes Avatar

    They heard about the executive order to cancel DEI practices and bowed down immediately. Didnt take a single swat of the hand for them to cooperate. We all already kinda hate capitalism and big corporations but if youre going to not even pretend to put up a fight to keep policies that are actually good for people (and good for profit like cmon ik they care about profit)
    If youre just gonna bow down to orders (not even law) instead im gonna flip the bird and shop somewhere else.

  58. Taupe88 Avatar

    a few years ago Target decided to push into political/social issues. As things went their way all was good for them. Then, as often happens the worm turned. And instead of learning a good lesson about mixing politics/social issues with their business Target REALLY screwed up and tried to pivot to the new reality. I cant imagine what they were possibly thinking?

  59. blackcherrytomato Avatar

    Probably not connected but they burned bridges when they left here. They owed a lot on property taxes while shuffling money to the US.

  60. Pizzagoessplat Avatar

    What target are we looking at?