Costco, Walmart pressured by Christian groups over abortion pill
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.
https://www.seattletimes.com/business/costco-walmart-pressured-by-christian-groups-over-abortion-pill/Open linkView original on lemmy.ml246
Comments31
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.
But bulk buying is cheaper per unit normally?
Bulk prices are generally cheaper per unit but it's very, very possible to not be able to bear the upfront cost of a large number of units and be forced by that to spend more money in smaller chunks over a longer time
That sounds like single with no kids lol
I digress, I do now shop at a local store for most things. Cost the same as Costco for less groceries, but there’s less waste
Nope married with 2 kids. Shits expensive yo.
Sorry to hear that. Your area must be more expensive than mine :(
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.
That's technically already the case. Just not really enforced.
Stop giving in to christofascists.
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.
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!
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.
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.
Fuck Christian groups
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.
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
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