‘Walmart will gobble up market share,’ analyst says
The retailer, which has supported LGBTQ Pride for years, this season offered merchandise that included female-style swimsuits that have the option to "tuck" male genitalia. Other products were labeled as "Thoughtfully fit on multiple body types and gender expressions," a "Gender Fluid" mug and a variety of adult clothing with slogans such as "Super Queer" among other items.
Now, the company’s latest snub comes as Citi analyst Paul Lejuez lowers the stock to neutral from buy and pits the troubled retailer against rivalConsidering the competitive landscape, "We believe Walmart is likely to continue gaining market share, and Target's high exposure to discretionary sales will not serve them well in the current macro backdrop," Lejuez said in the note.
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