Tag: Pride Month

Major brands scaled back Pride Month campaigns in 2024. Here’s why that matters.
Money

Major brands scaled back Pride Month campaigns in 2024. Here’s why that matters.

Fifty-five years after a raid on New York City's Stonewall Inn sparked riots that catalyzed the gay liberation movement and became a cornerstone of modern LGBTQ advocacy, Pride celebrations are bigger and bolder than ever. Meant to commemorate the Stonewall uprising each June, Pride Month in many parts of the world has grown into a four-week extravaganza marked by parades, parties, concerts and an array of cultural events that pay homage to its roots in free expression and identity.Corporations have cashed in on the festivities, especially since the U.S. legalized marriage equality in 2015.But this year, public-facing Pride campaigns at some of the world's largest brands were quieter than usual. At other companies that previously had them, they were completely absent. Fewer public campaig...
Target seeks to toss shareholder lawsuit over Pride backlash
Business

Target seeks to toss shareholder lawsuit over Pride backlash

Target asked a Florida judge to dismiss a shareholder lawsuit that alleged the retailer ignored risks of offering LGBTQ-themed merchandise for Pride Month, saying the case has no basis. The US retailer said in court papers filed Tuesday that investor Brian Craig merely disagrees with Target's business decisions, and has no evidence the company misled investors about its approach to social and political risks. "The securities laws protect investors against being defrauded; they are neither vehicles for expressing disapproval, nor do they insure investors against ordinary market losses," Target said. Craig is represented by America First Legal, a nonprofit headed by Stephen Miller, a former adviser to ex-President Donald Trump. Attorneys for Craig did not immediately respond to a request fo...
Republican attorneys general issue warning letter to Target about Pride merchandise
Money

Republican attorneys general issue warning letter to Target about Pride merchandise

Seven U.S. state attorneys general sent a letter to Target on Wednesday warning that clothes and merchandise sold as part of the company's Pride month campaigns might violate their state's child protection laws.Republican attorneys general from Indiana, Arkansas, Idaho, Kentucky, Mississippi, Missouri and South Carolina signed the letter, writing that they were "concerned by recent events involving the company's 'Pride' campaign." The attorneys said that they believed the campaign was a "comprehensive effort to promote gender and sexual identity among children," criticizing items like T-shirts that advertised popular drag queens and a T-shirt that said 'Girls Gays Theys.' They also highlighted merchandise with "anti Christian designs such as pentagrams, horned skulls and other Sat...