Connect with us

Published

on

Target said its quarterly sales fell for the first time in six years — a result of customers’ “negative reaction” to its spring “Pride” clothing collection that featured tuck-friendly swimwear and LGBTQ-friendly gear for infants and children.

Target’s CFO Michael Fiddelke addressed Target’s disastrous rainbow-clad collection in an earnings call on Wednesday, saying: “Traffic and top line trends were affected by the reaction to our Pride assortment.”

Sales at stores and digital channels open for at least a year were off 5.4% from a year earlier, according to Target’s Q2 earnings report released Wednesday, while digital sales slipped 10.5%.

Fiddelke said on the call that the retailer couldn’t quantify the impact the Pride collection alone had on comparable sales.

Brian Cornell, who’s been Target’s CEO since 2014, chimed in, adding that “the impact of inflation” contributed to the quarter’s losses.

Though foot traffic to Target stores recovered steadily in July, customers were purchasing food and other essentials rather than spending on apparel and impulse purchases, Cornell added.

Target’s revenue for the three-month period ended July 29 was $24.8 billion — 4.9% lower than this time last year and worse than the company’s predictions.

The figure was slightly under the $25.2 billion economists expected, though the dip isn’t surprising considering Target’s stock lost nearly $14 billion as the Pride Month controversy grabbed headlines.

The hefty losses were the result of a boycott that lasted over two weeks — triggered by Target’s release of “PRIDE” in May — an LGBTQ-friendly line that includes clothing for children and tuck-friendly womens swimwear with extra crotch coverage.”

Customers accused Target of grooming children with the items including alt-right rapper Forgiato Blow who topped iTunes charts with his rap song, Boycott Target” that addressed an LGBTQ agenda that the rapper sings has gone too far.

The fierce backlash from conservative consumers, including reactions that turned aggressive in some stores, pushed Target to yank some of its Pride merchandise from shelves in select locations and move displays farther back in others.

The move then caused Pride supporters to condemn the company for falling victim to “extremists,” leading to a boycott from customers on both sides of the political aisle.

The latest sales decline pushed Target to lower its profit goal for the full year, now expecting “comparable sales in a wide range around a mid-single-digit decline for the remainder of the year,” according to its Q2 report.

Despite the losses, Target will still be celebrating Pride Month in 2024, Cornell said, noting that future collections will focus on being “celebratory and joyous, with wide-ranging relevance.”

Target will also be “mindful of timing, placement and presentation” of its future Pride collections, Cornell added.

“Pride is one of many heritage moments that are important to our guests and our team, and we’ll continue to support these moments in the future.”

The Post has sought comment from Target.

Target has been celebrating the LGBTQ+ community during June with a clothing line and other items touting rainbow colors and related slogans for years.

However, the move has frequently landed the retailer in hot water for taking part in rainbow capitalism, which describes profiting off the commodification of the LGBTQ+ community, especially surrounding Pride month in June.

For 2022s Pride month, Target tapped a team of seven LGBTQ+ artists to design its collection. Pieces included genderless underwear and swimsuits.

There were also chest binders a gender-affirming undergarment often used by transgender and nonbinary people to flatten their chests and packing boxers, which are made with an extra pocket for a gender-affirming prosthetic.

Though LGBTQ customers seemed happy with the 2022 Pride line, they still expressed disappointment that the inclusive clothing was only available during Pride celebrations.

Last year’s Pride collection was an improvement from 2021 when the retailer’s LGBTQ+ line was slammed for being “ugly” and out of touch.

However, Target’s earnings didn’t suffer as much in recent years. Last year, the retailer took home $6.9 billion, a staggering 59% increase from 2022.

And in 2021, the Minneapolis-based chain reported $4.4 billion in net income for the fiscal year — a 33.13% increase from 2020.

The latest quarterly report was a far cry from Target’s performance throughout the pandemic when consumers flocked to the “cheap chic” retailer for clothes, home goods, and other discretionary goods.

Target shares have fallen nearly 18% so far this year, to $125.05.

Continue Reading

World

India and Pakistan were close to miscalculation either side couldn’t afford

Published

on

By

India and Pakistan were close to miscalculation either side couldn't afford

Both India and Pakistan claimed they didn’t want all-out war, or for things to escalate.

But given that those statements came within hours of airstrikes from either side, it’s easy to understand why the world was sceptical.

Fast forward just a few hours though and a ceasefire has been agreed – with the help of the US, who brokered talks and even announced the deal.

India-Pakistan live: Latest updates as ceasefire agreed

The agreement has sparked celebrations in Pakistan, with people in many cities, including Lahore, taking to the streets. Chants of “Pakistan Zindabad” – “Long Live Pakistan” in English – are ringing out.

But the deal doesn’t undo the events of the past two weeks, which will continue to weigh heavily on the minds of many here.

The military action has been the most significant between the countries in decades and dozens have died on both sides.

More on India

Please use Chrome browser for a more accessible video player

Pakistan fires missiles at India

Just this morning, Pakistan inflicted some serious damage to India’s military sites and New Delhi did not waste time responding with further strikes.

It was a reminder, for many, of the uncertainty of the situation between India and Pakistan.

Read more:
How India and Pakistan’s militaries match up
The story of India and Pakistan’s deadly conflict

A house damaged in overnight Indian shelling, in Shah Kot, in Neelum Vallery. Pic: AP/M.D. Mughal
Image:
A house damaged in Indian shelling, in Shah Kot, in Neelum Vallery. Pic: AP/M.D. Mughal

Representatives from each country will speak again on Monday and even with the strikes halted, for now, the next 48 hours will be a very testing moment.

Both sides have often shown striking strategic restraint. And in the past fortnight, neither has launched a full-scale attack.

But their enmity has been enduring, and even with the agreement in place, it feels a bit complacent to assume India and Pakistan will just walk back from the brink.

Continue Reading

Sports

Stanley Cup playoffs daily: Can the Golden Knights rally from down 2-0?

Published

on

By

Stanley Cup playoffs daily: Can the Golden Knights rally from down 2-0?

The second-round series of the 2025 Stanley Cup playoffs have entered the “venue change” stage, where the previous visitors are now playing host.

The Carolina Hurricanes headed back to the Lenovo Center with a 1-1 series against the Washington Capitals, and they’ll pick up hostilities at 6 p.m. ET Saturday. The Edmonton Oilers traveled back to Rogers Place holding a 2-0 lead over the Vegas Golden Knights; Game 3 of that series is 9 p.m. ET Saturday.

What will the series tally be in Caps-Canes when it heads back to D.C. — and will the Knights win at least one in Alberta so they even see a Game 5 back in Las Vegas?

Read on for game previews with statistical insights from ESPN Research, a recap of what went down in Friday’s games and the three stars of Friday from Arda Öcal.

Matchup notes

Washington Capitals at Carolina Hurricanes
Game 3 | 6 p.m. ET | TNT

With the Canes and Capitals tied up 1-1 heading to Raleigh for Games 3 and 4, ESPN BET has Carolina as the -215 series favorite. Washington is +180 to win the series.

Capitals defenseman John Carlson scored a power-play goal in Game 2, his 13th career playoff power-play goal, which breaks a tie with Brian Leetch for third for such goals by an American-born defenseman. He still trails Chris Chelios (14) and Brian Rafalski (17).

For the first time in his postseason career, Tom Wilson reached all of these thresholds: 2 points, 3 shots on goal, 2 hits and 2 blocked shots. His seven points this season is the most he has had in a playoff run since the Cup-winning year of 2018 (15).

The Hurricanes have not held an in-game lead since Game 4 of the first round against the Devils. They won the series in Game 5 in a double-overtime game, then won Game 1 of this series 2-1 in OT after trailing 1-0. Since that lead in Game 4 of the first round, they have trailed for 89:28 and been tied for 117:55.

Among qualified goaltenders this postseason, Frederik Andersen leads by a wide margin in goals-against average (1.55), and is second in save percentage, at .930. The netminder ahead of him in SV%? Washington’s Logan Thompson.

Vegas Golden Knights at Edmonton Oilers
Game 3 | 9 p.m. ET | TNT

Following two wins by the Oilers in Vegas, ESPN BET now lists Edmonton as the -550 favorites to win this series, with the Golden Knights at +380. Edmonton is also the current favorite to win the Cup, at +300, narrowly ahead of the Stars, at +325. Vegas is now +1800, the longest odds of any team remaining in the playoffs.

Leon Draisaitl and Connor McDavid combined to score the game-winning OT goal in Game 2. It was the second OT goal this postseason for Draisaitl, and he is now tied for the most such goals in a single postseason in Oilers history with Esa Tikkanen in 1991.

McDavid is second among playoff scorers with 14 points through eight games, trailing only Mikko Rantanen‘s 15. McDavid’s 1.75 points per game this postseason is ahead of his rate in playoff seasons past (1.58) and well ahead of his rate during last year’s run to the Stanley Cup Final (1.36).

Victor Olofsson had two goals and an assist in a losing effort in Game 2. Both goals were on the power play, and he joins Jack Eichel as the only players in Knights history with multiple power-play goals in a single playoff game.

Speaking of Eichel, he finished with three assists, joining Shea Theodore and William Karlsson as the only players in Knights history with two three-assist playoff games on their résumé.


Öcal’s three stars from Friday

After a rough first round against the Blues, Hellebuyck shut out the Stars in Game 2. He made 21 saves en route to the fourth clean sheet of his postseason career.

Ehlers had his second career multigoal game and added an assist in a big Game 2 effort that tied Winnipeg’s series with Dallas 1-1.

The former Bruin continues to haunt the Maple Leafs, this time with the overtime winner to get the Panthers on the series board at 2-1. It was his fourth career playoff OT goal, and he extended his own NHL record for most consecutive postseasons with a game-winning goal (nine).


Friday’s recaps

Florida Panthers 5, Toronto Maple Leafs 4 (OT)
TOR leads 2-1 | Game 4 Sunday

Toronto entered with a 2-0 series lead and got out to a 2-0 start in the game as well, with goals from Matthew Knies and John Tavares, before Aleksander Barkov drew the Panthers back to within a goal with his third goal of the postseason. Tavares added a power-play tally at 2:52 of the second period on a slick deflection, before the Panthers ripped off two goals in quick succession to tie the score. The first was thanks to Sam Reinhart poking the puck in during a wild scramble in the Leafs’ crease, the second after a superb pass from Sam Bennett to Carter Verhaeghe. Jonah Gadjovich put the home squad up 4-3, but Morgan Rielly tied things up midway through the third. It took until the final five minutes of the first OT, but Brad Marchand came through with another game-winning goal. Full recap.

play

1:30

Brad Marchand’s OT winner sparks pandemonium from Panthers crowd

Brad Marchand scores a massive overtime goal to deliver the Panthers a 5-4 win over the Maple Leafs.

Winnipeg Jets 4, Dallas Stars 0
Series tied 1-1 | Game 3 Sunday

If this is the kind of goaltending the Jets will now get from Connor Hellebuyck, the Stars (and the rest of the NHL) are in trouble. Hellebuyck stopped all 21 shots sent on the Jets’ goal en route to his fourth career postseason shutout. On the offensive side, Gabriel Vilardi and Nikolaj Ehlers got the party started in the first. Adam Lowry added his fourth goal of the postseason in the second, and that 3-0 lead stood until 16:20 of the third, when Ehlers capped off the festivities with an empty-net goal. Full recap.

play

0:26

Nikolaj Ehlers rolls in an empty-net goal for Winnipeg

Nikolaj Ehlers scores his second goal of the game to pad the Jets’ lead late in the third period vs. the Stars.

Continue Reading

Sports

Leafs’ Stolarz progressing but not close to return

Published

on

By

Leafs' Stolarz progressing but not close to return

FORT LAUDERDALE, Fla. — Maple Leafs goaltender Anthony Stolarz continues to work his way back but doesn’t appear close to a return in Toronto’s second-round Eastern Conference playoff series against the Florida Panthers.

“He’s progressing in the right direction,” Maple Leafs coach Craig Berube said Saturday. “But he has not skated yet [since getting hurt].”

Stolarz was injured during Game 1 on Monday. The goaltender took a puck off his mask and an elbow to the head from Panthers forward Sam Bennett in the second period, exiting shortly after the Bennett hit. Stolarz, who was ill on Toronto’s bench before he left the game, was later transported to a hospital for evaluation.

The veteran was able to rejoin his teammates Tuesday at their facility but did not travel with the Maple Leafs to Florida ahead of Friday’s Game 3.

Joseph Woll took over the starting duties from Stolarz and helped stake Toronto to a 2-0 lead in the best-of-seven series. But Woll struggled in Game 3, recording an .861 save percentage as the Panthers mounted two multigoal comebacks to down the Maple Leafs 5-4 in overtime.

Berube said after the loss that he “thought [Woll] was really good” but that he didn’t love when Panthers fourth-liner Jonah Gadjovich beat the goaltender cleanly from outside the right faceoff circle to give Florida its first lead of the game at 4-3.

Woll also has been adjusting to playing the puck amid Florida’s smothering forecheck.

“They rim a lot of pucks,” Woll said Friday. “I’m just trying to do my best to help us break out.”

Florida hasn’t made it easy on Toronto in that respect. Berube anticipates Woll can learn from Friday’s mistakes and improve, though.

“It’s difficult,” Berube said. “A lot of those rims are up; they’re not on the ice. And that’s designed. If they can get a good lick on it, they’re going to get it on the glass. It’s pretty tough for him to come out and play those. He did get to a lot of them. But they’re coming hard. He’s going to have to move it quick.”

Game 4 of the series is set for Sunday.

Continue Reading

Trending