Right-wing investment fund dumps Target stock over ‘woke’ agenda, adds retailer to ‘refuse to buy’ listBy Breck Dumas, Fox Business
May 26, 2023
A right-wing investment fund has given Target Corp. the boot, adding to the mounting fallout over the retailer’s Pride merchandising plans.
The American Conservative Values ETF (ACVF) announced Thursday that it has divested its holdings in the retail giant and added the company to its “Refuse to Buy” list, citing the company’s “woke” agenda.
“Target Corp.’s ever-increasing pandering to the Woke LGBT agenda has backfired and its management team’s inept response to a crisis of their own making has significantly damaged their brand across the political spectrum,” ACVF stated in a press release. “We believe their stocks’ long-term performance will suffer because of it. Their actions have also removed any doubt about the company’s hostility to conservative values.”
Target is facing backlash from both the left and the right after wading deeper into the culture wars.
The company has been criticized by conservatives for its LGBTQ merchandise displays as it prepares for Pride month in June, and angered liberals by relocating and removing some LGBTQ items in an effort to tamp down customer “outrage,” as first reported by FOX News Digital.
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Source:
https://nypost.com/2023/05/26/conservative-etf-sells-target-stock-over-woke-agenda/
