Costco, Walmart pressured by Christian groups over abortion pill
Costco, Walmart pressured by Christian groups over abortion pill
A group of Christian investors are warning some of the largest U.S. retailers including Costco and Walmart against selling the abortion pill mifepristone.
Companies offering the drug risk reputation and legal repercussions, according to an Aug. 2 letter sent to CEOs at the two retail giants, as well as Kroger, Albertsons and medical distribution company McKesson Corp. The group said 6,000 Costco customers have signed a petition saying they will cancel their membership if the retailer starts selling the pills.
The religious coalition behind the petition owns about $172 million in shares of the five companies. The coalition was led by Boise, Idaho-based Inspire Investing, which manages $3 billion of assets, and includes the investment arm of the Southern Baptist churches and the American Family Association, a Christian fundamentalist group.
Anyone want to start a petition to cancel their Costco membership if they capitulate?
Hell yeah
Yes please someone start one. I hardly go since grocery prices are too damn high to be able to afford to bulk buy. I can either get a weeks groceries or I can get 3 months of TP and a few other items.
Count me in
investment arm of the Southern Baptist churches
I'm not one of those people who complains about religious tax exemptions and the like. But if you have an "investment arm" then you are not a church, you are some sort of weird, cultist bank.
And we need to pass as federal law, the moment a church or religious group with any tax exempt status tries to get political they instantly lose tax exempt status and now owe all the back taxes and penalties due to not paying taxes. Make it painful to be stupid
Wait, six thousand??? This really might get serious if they increase their petition by like a hundred thousand more.
I'm fairly certain that my local Costco has at least double that number of transactions every single day.
Stop giving in to christofascists.
6,000 Costco customers
Those 6,000 families will suffer more from the loss of CostCo than CostCo will suffer from the loss of those 6,000 memberships.
If costco rejects them, it almost makes me want to buy a second membership.
They probably lose more money on hot dogs and rotisserie chickens than these weirdos spend
More roast chicken & hot dogs for the rest of us!
172 million in shares
Lol. The combined market cap of those 5 companies is over a trillion dollars. So they own a combined 0.01% of those companies. Whooptie fucking doo
Lol get fucked
This is what cancel-membership culture looks like folks.
I can see Walmart caving, but Costco? Yeah right. As long as that chicken is $5, no one is leaving.
Fuck Christian groups
This is the kinda shit that they do that makes church membership go down. It's been on a downward trend for decades, and they still think they're some kind of powerful majority. Fuck. Off.
The religious coalition behind the petition owns about $172 million in shares of the five companies.
OK so basically nothing. Those companies combined are worth hundreds of billions. Maybe even over one trillion in total.
Walmart alone has a market cap of $558 billion.
Who fuckin cares what a bunch of dumbfuck religious fuckwits think‽ Where are the stupid idiots who push bullshit going to shop? Walmart pushed out alternatives years, so they have no choice. Shut the fuck you bassakward assholes
My guess is Walmart will cave, Costco won't. Target waits to see what happens before making official moves.
I dunno. Where are these Christian groups going to shop besides Walmart? We know they can't afford anywhere else and if they could, they wouldn't be shopping at Walmart.
Dollar General is like the most rural store chain to ever exist. It's also crazy extensive; going to where Walmart wouldn't even bother with.
Walmart will probably choose what's more profitable. Probably pills.
Sorry if I wasn't clear but that's my logic and point, yeah. I think maybe it got interpreted the opposite way or I'm tone deaf to your sarcasm or smth
fuck em 🤷♂️
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