Indiana Attorney General Todd Rokita sent a letter to Target on Wednesday warning the corporation that its recent “Pride” campaign merchandise and donation efforts ran the risk of violating state child-protection laws. It also cited concerns about parental rights and neglect of fiduciary duties.
The Epoch Times has not received a response from Target.
Attorneys general from six other states also signed on: Tim Griffin, Arkansas; Daniel Cameron, Kentucky; Andrew Bailey, Missouri; Raul Labrador, Idaho; Lynn Fitch, Mississippi; and Alan Wilson, South Carolina.
These are states that have this year passed laws, some now in the courts, that prohibit cross-sex hormone and surgery procedures for minors, and the chief legal officers are now sending a signal to corporations that do business in their states to take notice.
Contentious Merchandise
The letter drew attention to some of the products Target stocked in its “Pride” month campaign: LGBT-themed infant clothing, items specifically sourced from a Satanic brand, and the “tuck friendly” swimsuits that sparked media coverage and backlash.The attorneys also stated Target’s support for Gay, Lesbian and Straight Education Network (GLSEN), which trains members to create LGBT-related associations in K-12 schools, runs the risk of violating parental-rights laws in these states. GLSEN training materials encourage members to make gender identity decisions with students without the knowledge of parents.
“The evidence suggests that Target’s directors and officers may be negligent in undertaking the ‘Pride’ campaign, which negatively affected Target’s stock price. Moreover, it may have improperly directed company resources for collateral political or social goals unrelated to the company’s and its shareholders’ best interests,” the letter states.
Target’s stock tumbled 17 percent in the week following backlash in the wake of its Pride campaign, leading to a three-year low and losses that exceeded $13 billion. Citi and JP Morgan Chase both downgraded Target’s shares.
Target Flip-Flops Under Activist Pressure
Target issued a statement after the backlash, highlighting the fact that it has stocked products “celebrating Pride” for more than 10 years. It cited the reason for removing some items as “threats impacting our team members’ sense of safety and well-being while at work.” The company reiterated its “commitment to the LGBTQIA+ community” moving forward.Target ended up alienating LGBT groups as well as its core customer base.
The attorneys reason that, if families are Target’s core customer base, ostracizing them suggests the company’s board and management have acted against shareholder interests.
“Those activists aim to advance social goals by exposing Target’s valuable customer base, which include families with young children across the country, to ‘LGBTQIA+’ concepts and values,” it states. “But Target’s management has no duty to fill stores with objectionable goods, let alone endorse or feature them in attention-grabbing displays at the behest of radical activists.”
Mixed Values
In a June 14 statement to shareholders (pdf), Target reaffirmed its commitment to “Diversity, Equity & Inclusion” and attributed recent “volatility” to the pandemic’s lasting effects on shopping habits and inflation.Mr. Levin felt the corporation had responded to market pressure.
Several well-known Republicans, including lawmakers like Rep. Chip Roy (R-Texas) and retired Army Gen. Michael Flynn had posted in support of Mr. Levin’s book and called to boycott Target and stand against censorship.
“You folks are an immense force for free speech and market capitalism, and conservative authors and audiences everywhere will benefit from your patriotism,” Mr. Levin said on Thursday. “I could not be more proud of you—not only for how this specific case turned out, as there will undoubtedly be more of this—but because you’ve made it clear that you’ve had enough and will exercise your enormous power. The silent majority is silent no longer. I’ll more fully discuss this on radio. God bless and I thank and salute you all.”