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Bud Light Controversy Spreads to Target, Sending the Stock Lower

Target stock was falling Wednesday after the retailer said it was removing certain products and making other changes to its LGBTQ merchandise after facing pushback from customers. The company didn’t disclose the items it was removing, the Associated Press reported, but “tuck friendly” women’s swimsuits and products from Abprallen, which sells satanic-themed LGBTQ+ products, have sparked controversy. This is the last thing Target (ticker: TGT) needs right now, as question marks continue to hover around consumer discretionary spending.
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