Halloween Costume Controversy Threatens Target’s Hard-Won Recovery
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The post Halloween Costume Controversy Threatens Target’s Hard-Won Recovery appeared first on 24/7 Wall St..
Target (NYSE:TGT) shares fell from $169.89 to $163.47 on August 25 after critics said a children’s clown costume photographed on a Black child evoked blackface and racist minstrel imagery. Target apologized, pulled the item, and said it should never have entered its assortment.
On roughly 454.3 million shares outstanding, the move coincided with a market-value loss of about $2
Target (NYSE:TGT) shares fell from $169.89 to $163.47 on August 25 after critics said a children’s clown costume photographed on a Black child evoked blackface and racist minstrel imagery. Target apologized, pulled the item, and said it should never have entered its assortment.
On roughly 454.3 million shares outstanding, the move coincided with a market-value loss of about $2
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