‘Woke’ Target Kicked While They’re Down as Jim Jordan Highlights $400 Million Loss from Theft and ‘Looting’

Opinion:

Target Corporation’s stock price was obliterated today by over 13%. The company is hurting for multiple reasons including too much inventory, inflation, reduced margins and other reasons.

One of the many issues Target has grappled with is theft and even some looting on occasion such as during the 2020 riots that the mainstream media largely downplayed.

Although it’s unclear that this most recent quarter’s theft had any official looting versus traditional theft (what’s the real difference?), the corporation has traditionally supported left wing causes.

Meanwhile, the left wing has pushed for no cash bail, soft on petty theft and crime policies as Target joined in with woke agendas such as LGBT+ pop up displays in their stores and more.

We’re not implying that Target supports the people stealing from them directly, that would be absurd. But it would be equally as absurd to not point out the obvious although slightly indirect connections as well in our view. See today’s stock action:

U.S. House Rep. Jim Jordan (R-OH) had something to say:

“Target stores are getting looted, and it’s taking a huge bite out of profits. Theft cost the store nearly $400 million this year. $400 MILLION! Joe Biden’s America.”

https://t.co/Tum8t0AkIA

— Rep. Jim Jordan (@Jim_Jordan) November 16, 2022

Jordan also pointed out that he feels Joe Biden may be somewhat to blame.

We do not wish this pain on any company. But it seems that some large corporations could contribute to their own help by supporting more traditional ideas and law and order and that may also help their bottom line. Makes sense to us anyway.