Why Kohl's (KSS) Shares Are Diving
Portfolio Pulse from Henry Khederian
Kohl's Corporation (KSS) shares are down 5.02% due to recent calls for a boycott on social media, following the sale of a Pride-themed onesie for 3-month-old children. This comes after Target removed certain products from its Pride Collection due to customer backlash.
May 30, 2023 | 7:50 pm
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NEGATIVE IMPACT
Kohl's shares are down 5.02% due to a social media boycott over a Pride-themed onesie, similar to the backlash Target faced with its Pride Collection.
Kohl's is facing a social media boycott due to the sale of a Pride-themed onesie, which has led to a 5.02% drop in its share price. This is similar to the backlash Target faced with its Pride Collection, which resulted in the removal of certain products. The negative sentiment surrounding the boycott is likely to have a short-term negative impact on KSS's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100