(DailyVantage.com) – Several bomb threats have been made against Target stores in the US, some of which claimed to be in protest over the retail giant’s decision to pull back its Pride Month displays following backlash from customers.
According to Cleveland 19 News, in an email sent to TimCast, one activist threatened to bomb four Target locations in Ohio and one in Pennsylvania over Target capitulating to “homophobic right-wing redneck bigots.”
Meanwhile, police in Salt Lake City, Utah investigated a bomb threat to two Utah Target stores, according to KUTV. Police responded to the locations but found no explosive devices. While the details of the emailed threat were not shared, Layton, Utah police said the emails mentioned Target’s Pride Month displays.
Police are investigating the origin of the emails. However, without a suspect, it can not be confirmed whether the emails were sent by LGBT activists or by others trying to pin the blame on the LGBT community.
The ongoing boycott over Target’s Pride 2023 merchandise has sent the retail giant’s market value plummeting.
In the seven days after first introducing its Pride Month collection, Target lost $9.3 billion, or 12.6 percent, of its market share.
Last Sunday, the New York Post reported that Target lost $10 billion, or 14 percent of its market share, with its stock value dropping from $160.96 a share on May 17 to $138.93 by the close of trading on May 26.
According to the New York Post, the drop in stock price makes Target’s share price the lowest it has been in almost three years.
Last Wednesday, Fox Business reported that Target lost another $2.4 billion by the close of trading on Tuesday, with shares dropping by another 3.66 percent. By the close of trading on Tuesday, Target’s stock reached a 52-week low of $133.88 per share.
Bloomberg reported on Friday that the retail giant had lost nearly $13 billion, with its stock suffering the longest daily losing streak since February 2000.
Copyright 2023, DailyVantage.com