logo
Philly Pride Organization Told Target Sponsors To Kick Rocks

Philly Pride Organization Told Target Sponsors To Kick Rocks

Yahoo04-06-2025
Philly Pride 365 declined to work with the nationally boycotted retailer, Target. According to Axios, the Philadelphia organization turned down the mega-corporation's sponsorship for its Pride Month Kickoff. Target confirmed the organization rejected its offer, stating 'that they were not entering agreements with corporate entities this year.'
Philly Pride 365 has secured multiple sponsors, many of which are local. The organization is working with NRG, Penn Medicine, and the Philadelphia Union. Deciding against working with the brand comes as no surprise to many. Target has been the target of a national boycott since doing away with its diversity, equity, and inclusion initiatives in 2025.
While Target hopes to lure patronage with the gesture, other companies are stepping back. Nationwide, 39% of corporations are scaling back external Pride Month engagements this year, according to Gravity Research data.
Dangling dollars during Pride may appear supportive, yet the continued elimination of DEI initiatives is even more so. As the company sends a message that inclusion is not a priority, Black, POC, and LGBTQIA organizations have decided to fall back. The company has seen a 7% decrease in sales over the course of the first quarter of 2025.
This Pride season, the company has decided not to feature Pride merchandise as it has done in previous years. Similarly, the company has removed many of its Black-owned merchandise from shelves.
While many Black businesses have fully supported the boycott, brand influencer Tabitha Brown has received backlash for her seemingly continued support of Target.
The author and actress was caught in a firestorm of backlash after encouraging her fans to continue shopping at the retailer. While Brown's message emphasized supporting the remaining Black brands at Target, many took offense at the suggestion.
Not to be deterred, the Donna's Recipe founder posted a video doubling down on her statements. Ironically, she believes her support of the conglomerate is a byproduct of uplifting Black people.
'To all the people in the comments and my DMS with your uneducated hate messages…There is no amount of hate and ignorance that is going to stop me from using my platform and my voice to support and uplift small businesses, Black-owned businesses, Black content creators, and Black authors,' Brown said.
As many companies drop their commitment to uplifting marginalized communities, those communities are dropping their allegiance to these companies. Not all money is good money, and organizations like Philly Pride 365 are making that abundantly clear.
RELATED CONTENT: Tabitha Brown Claps Back At Haters: 'No Amount Of Hate Will Stop Me From Uplifting Black Creators' As Target Boycott Impacts Authors
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Deli 'shocked' at complaint letter over Pride flag
Deli 'shocked' at complaint letter over Pride flag

Yahoo

time2 hours ago

  • Yahoo

Deli 'shocked' at complaint letter over Pride flag

A deli which was sent an anonymous letter complaining about a Pride flag flying outside has said it will not stop supporting members of the LGBTQ+ community. Businesses across Market Harborough displayed Progress Pride flags in June to support Pride month organised by Harborough District Council. But as the month approached its end, a customer of Just So Italian Deli sent an unsigned first class letter which said the flag was "a message of hostility" and warned the deli would "certainly lose" customers. Just So Italian assistant manager Tiffany Ryan said the deli would not tolerate discrimination and wanted to show solidarity to a community which receives "so much hatred". She said: "We were quite shocked and disgusted, it was really out of the blue. "The member of staff who opened the letter is a member of the LGBTQ community himself, so it was quite emotional opening [a letter with] that attitude posted through the letterbox." The letter, which was also sent to a handful of other businesses in the town according to the deli, also asked the businesses to consider taking down "this divisive flag". But Ms Ryan said: "We need to let people know that we don't accept this kind of behaviour. We don't tolerate it, and we just wanted to make sure that everyone knows they are welcome in our deli. "We don't care who you are. It's just all about Italian food. We don't want people to be nervous about coming in. "We need to stand up for a community that already gets so much hatred directed towards them, because at the end of it, they're people." Harborough council's lead for culture, leisure, economy and tourism Jo Asher said it was "proud" to support Pride month with flags across the town centre and on its Symington Building offices. She said: "We want to show that everyone is welcome in our district and flying the Progress flag demonstrates our strong commitment to equality and diversity." Follow BBC Leicester on Facebook, on X, or on Instagram. Send your story ideas to eastmidsnews@ or via WhatsApp on 0808 100 2210. Reform council told to reconsider flag policy Procession of colour marks city's Pride event Just So Italian Deli Harborough District Council

Why Are These 3 High-Yield Dividend King Stocks Near 52-Week Lows While the S&P 500 Just Hit an All-Time High?
Why Are These 3 High-Yield Dividend King Stocks Near 52-Week Lows While the S&P 500 Just Hit an All-Time High?

Yahoo

time2 hours ago

  • Yahoo

Why Are These 3 High-Yield Dividend King Stocks Near 52-Week Lows While the S&P 500 Just Hit an All-Time High?

Pepsi, Kimberly-Clark, and Target continue to deliver disappointing results. Stock prices at multiyear lows reflect investor frustrations. All three companies have high dividend yields and can afford to continue boosting their payouts. 10 stocks we like better than PepsiCo › The S&P 500 (SNPINDEX: ^GSPC) closed out the first half of the year at an all-time high -- a remarkable recovery considering how beaten down the index was in April. But not all stocks are enjoying the rebound. Dividend-paying stocks PepsiCo (NASDAQ: PEP), Kimberly-Clark (NASDAQ: KMB), and Target (NYSE: TGT) have lost value over the last three years because they aren't consistently growing their earnings and consumer spending is under pressure. However, these companies are Dividend Kings -- meaning they have paid and raised their payouts for over 50 consecutive years. Here's why Pepsi, Kimberly-Clark, and Target are excellent choices for folks looking to boost their passive income. Investing is more about expectations than past performance. So the market can grow intolerant of companies that undergo multiyear periods of slowing or negative growth. That's certainly been the case for Pepsi, Kimberly-Clark, and Target. As the chart shows, all three companies are experiencing slow or negative sales growth, and their stock prices are falling accordingly. PepsiCo owns a variety of beverage and snack brands -- from flagship Pepsi to Gatorade, Mountain Dew, Tropicana, Frito-Lay snack brands like Lay's, Cheetos, Doritos, and Quaker Oats products. The diverse lineup helps make Pepsi a stable stalwart, but the company is seeing intense backlash from consumers who are drained from years of price increases. Pepsi has made some acquisitions focused on healthier snacks and meal replacements to diversify its product lineup. And the company is revamping marketing and packaging efforts to cater to consumers. Still, Pepsi doesn't expect these efforts to offset near-term headwinds, so its guidance is fairly weak. Kimberly-Clark makes paper-based professional products and has consumer brands such as Kleenex, Cottonelle, Viva, and Scott. It also offers a variety of adult care, baby and child care, and feminine care products. But the company is in a similar boat to Pepsi. Demand is flatlining, pressuring Kimberly-Clark's growth rate and margins. A multiyear strategy to reorganize the company has yet to produce tangible results. Target's issues are even more severe. Despite promotions and exclusive product offerings, the company is struggling to boost in-store foot traffic. Target also mismanaged its inventory and hasn't tapped into e-commerce and delivery options nearly as well as peers like Walmart. Whereas Pepsi and Kimberly-Clark sell everyday-use products, Target's product mix is more discretionary in nature -- which has backfired as consumers look for value. Although all three companies are far from the top of their game, they are all still highly profitable. They aren't turnaround stories in dire straits. The payout ratio and free cash flow (FCF) per share compared to the dividend per share are useful metrics for gauging dividend affordability. The payout ratio is a company's earnings per share divided by the dividend per share -- with 50% to 75% generally considered a healthy range. But stable companies in non-cyclical sectors can be on the higher end of that range. As you can see in the following chart, Pepsi, Kimberly-Clark, and Target all have good payout ratios. Pepsi is earning roughly the same FCF as its dividend, but Kimberly-Clark and Target are generating boatloads more FCF than dividends -- illustrating dividend affordability. All three companies have seen their valuations fall considerably since they have continued to generate strong earnings, but their stock prices are down. To be fair, when a company is producing below its historical growth rate and not living up to investor expectations, it arguably deserves to trade at a discount. However, all three companies are now down considerably from their average valuations. Pepsi's price-to-earnings (P/E) ratio is now under 20 even though it has historically been a premium-priced stock relative to the market. Similarly, investors tend to give Kimberly-Clark a slightly premium valuation given its stable and reliable dividend and recession-resistant business model. But now, the company is trading at its lowest valuation in years. Like most retailers, Target typically trades at a discount to the S&P 500. But its valuation is so cheap, the stock's P/E ratio is within striking distance of hitting single digits. Pepsi, Kimberly-Clark, and Target stand out as excellent values, especially for patient investors looking to boost their passive income streams. Not only do these companies have exceptional track records of growing their payouts, but they can also afford their dividends thanks to strong earnings. What's more, all three companies have high yields -- Pepsi at 4.3%, Kimberly-Clark at 3.9%, and Target at 4.5%. Short-term-minded investors are making a mistake by dumping these stocks just because their results haven't been great lately. Long-term investors who can filter out the noise are getting the chance to buy these names at compelling valuations. Before you buy stock in PepsiCo, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and PepsiCo wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $697,627!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $939,655!* Now, it's worth noting Stock Advisor's total average return is 1,045% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Daniel Foelber has positions in PepsiCo. The Motley Fool has positions in and recommends Target and Walmart. The Motley Fool has a disclosure policy. Why Are These 3 High-Yield Dividend King Stocks Near 52-Week Lows While the S&P 500 Just Hit an All-Time High? was originally published by The Motley Fool

Why Target Stock Is Rising Despite Falling Early in Today's Trading
Why Target Stock Is Rising Despite Falling Early in Today's Trading

Yahoo

time2 hours ago

  • Yahoo

Why Target Stock Is Rising Despite Falling Early in Today's Trading

Target stock opened today's trading with a big sell-off as investors reacted to new jobs data from ADP. A weaker jobs market could pave the way for interest rate cuts and support gains for growth stocks, but it suggests challenges for Target. While the stock saw a pullback early today, it has bounced back thanks to news that the U.S. has reached a trade deal with Vietnam. 10 stocks we like better than Target › Target (NYSE: TGT) stock is in the green Wednesday despite seeing a big sell-off early in the day's trading. The company's share price was up 1.4% as of 2:30 p.m. ET. The stock had been down as much as 5.3% earlier in the session. Target opened today with a substantial sell-off following a jobs report from ADP that showed an unexpected decline for the U.S. private sector labor force. Despite the initial pullback, an announcement that the U.S. has reached a trade deal with Vietnam has pushed the stock into positive territory in the daily session. ADP published its latest payroll data this morning and reported a decline of 33,000 jobs in the private sector in June. Meanwhile, the average economist estimate had actually called for private-sector payrolls to increase 110,000 in the month. A weaker-than-expected jobs report actually supports expectations that the Federal Reserve will cut interest rates this month, but it's a bearish indicator for Target despite helping to support a bullish case for growth stocks. The substantial miss on the latest jobs data suggests that consumer spending could weaken, and that could create added sales headwinds for Target. President Donald Trump announced today that the U.S. has reached a trade agreement with Vietnam, and the news has helped lift target stock despite negative indicators connected to ADP's jobs report. As a leading player in the retail space, Target faces big headwinds connected to new tariffs -- but the newly reached deal with Vietnam suggests that the company should be able to mitigate some of the challenges it faces. While tariffs on China may not fall significantly below current levels in the near future, Vietnam is a manufacturing hub that many consumer goods companies have been pivoting production to. The new trade deal between the U.S. and Vietnam could pave the way for Target and its suppliers to lessen adverse margin impacts. Before you buy stock in Target, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Target wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $697,627!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $939,655!* Now, it's worth noting Stock Advisor's total average return is 1,045% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Target. The Motley Fool has a disclosure policy. Why Target Stock Is Rising Despite Falling Early in Today's Trading was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store