Ted Cruz's optimistic view of Target's embrace of woke-ness probably wrong, ill-advised; Target shoppers can switch to Walmart just as easy as Bud light drinkers can switch to another light beer.

Posted by bubah1mau 6 months, 2 weeks ago to Business
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There has been a sharp sell-off (15%) in Target stock over the past seven trading days that isn't reflected in Walmart stock price performance anywhere near as much. Check out the charts TGT/WMT and see for yourself.
SOURCE URL: https://www.bizpacreview.com/2023/05/28/huge-mistake-shark-tank-superstar-kevin-oleary-weighs-in-on-targets-embrace-of-pride-for-children-1363162/

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  • Posted by $ Thoritsu 6 months, 2 weeks ago
    Ted Cruz is definitely wrong. I can easily tell Bud Light from Coors Light, and they both suck, out loud!
    Miller and many others are better for junk beers. Give me a Barleywine anytime!
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    • Posted by $ blarman 6 months, 2 weeks ago
      Actually, I don't think he is. He's not on Target's side, he's simply trying to bring some reality back to the expectations. He doesn't side with Target, he's just saying that he doesn't expect the Target boycott to be anywhere near as devastating as the Bud Light one and I happen to agree with him. Bud Light is an individual brand with a LOT of substitutes. It's also a core conservative constituency in general. Bud Light made its billions off bikini ads and motor sports which largely cater to a manly (not male) audience. If they switch gears and want to cater to the 1%, that's their choice but it isn't going to go over well in terms of sales - as we've seen.

      Target is already the brand for leftists. They've been doing this kind of thing for years: they were one of the first major chains to support men in women's dressing rooms (remember that fiasco) and instead of it shutting them down, it raged for a few months before going back to what it was. (I haven't done business with Target since that time, yet there's still one in my largely-conservative town.)

      It should also be pointed out that Cruz also mentioned that Bud Light was going to have to answer Congressional subpoenas because Dylan Mulvaney's known influencing group is teenagers and its illegal to market alcohol to them.
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  • Posted by $ Radio_Randy 6 months, 2 weeks ago
    Switching CAN be difficult.

    My previous home was in a town with only a Walmart. The next nearest big box store was over 70 miles away.

    Had Walmart gone Woke, in this manner, boycotting would have been a non-starter.
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    • Posted by freedomforall 6 months, 2 weeks ago
      Wal-mart isn't as obvious about it, but they chase sales from all types of people.
      I don't have a problem with that until it perverts those too young or inexperienced to understand.
      One possible solution: local governments could introduce laws that require such products be
      sold only in an adult section with no minors allowed there.
      Yes, the leftists would scream, but liquor has such restrictions already, and that gives the local
      officials and stores cover from the anti-morality left and the GayLez activists.
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  • Posted by Argo 6 months, 2 weeks ago
    Walmart is certainly on the edge of wokeness
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    • Posted by $ jdg 6 months, 2 weeks ago
      Wahmart also still gets a lot of its merchandise from Chinese slave-labor sources. So it's facing potential boycotts from both sides, plus so much semi-legalized theft in blue states that the last time I went to one, most of their non-food merchandise was in locked displays.

      My guess is that within two years Walmart will close or reduce itself to grocery stores, and we'll have to start mail-ordering other goods and policing our own porches when the packages arrive.
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      • Posted by $ Casebier 6 months, 2 weeks ago
        Hope not. At least can still buy from store shelves, pay with greenbacks. When everything is bought on line, big bro knows what to tax the shit out of if he don't like your politics.
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        • Posted by $ jdg 6 months, 2 weeks ago
          I have no problem with online stores so long as new competitors with them are allowed. Unfortunately banking is so over-regulated that nobody has started a new bank in the US in 50 years, and part of that are surveillance laws such as the Bank Secrecy Act, which need to go away or be defied.
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  • Posted by $ Stormi 6 months, 2 weeks ago
    I have avoided Target since Obama days, when their employment applications were shown and they were sksking what were invasive and plitical geared questions of potential employees. It was clear they were serving an Obama agenda.
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