Anti-Pride Protests Leads To Decline In Sales at Target

Retailer Target says sales took a hit after backlash from carrying gay pride merchandise this summer.

According to the New York Times:

Target on Wednesday said its sales declined in the second quarter, a period in which the retailer faced boycotts and right-wing backlash over its Pride Month collection. The company also slashed its full-year guidance.

Target said its comparable sales fell 5.4 percent in the second quarter, which ended July 29, versus the same period last year. It said both the number of transactions and the average transaction amount declined during the quarter. E-commerce sales fell 10.5 percent.

Despite the sales decline, the company reported higher profit margins than analysts expected, as it offered fewer discounts and reduced its inventory costs.

In May, Target faced criticism and calls for boycotts for its displays and products tied to Pride Month, the annual celebration for the L.G.B.T.Q. community.