
Target says Philly Pride 365 rejected its sponsorship
Organizers for Philadelphia's Pride Month kickoff last weekend rejected Target's offer to sponsor the event, a company spokesperson tells Axios.
The big picture: Pride organizers across the U.S. are reevaluating sponsorships as corporate America pulls back from supporting LGBTQ+ events.
Context: Despite boasting more than three dozen sponsors, big corporate backers were missing from Philly's big Pride weekend this year.
Those included Wawa, Target, AARP and Burlington, all of which backed the festival last year.
Driving the news: Target told Axios in a statement that the company offered to be an official sponsor of Philly Pride 365, but was "informed that they were not entering agreements with corporate entities this year."
Philly Pride 365 declined to comment on the matter. Wawa, AARP and Burlington did not respond to Axios' requests for comment.
The Urban Affairs Coalition, which recently took over managing Philly Pride 365 and is the event's new fiscal sponsor, didn't immediately return requests for comment.
Context: In the past, the budget for Philly's Pride weekend has been paid for through sponsors, vendors, grants and donations, per the Inquirer.
Between the lines: Target has faced backlash over its rollback of diversity, equity and inclusion initiatives, as well as removing Pride merchandise from its shelves in recent years.

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For brands, it can feel like consumers "who oppose the stance see any whiff of support as negative, and those that support the stance will only give you credit if they think that you're really in it," Silver said. "They won't sort of reward these soft steps." Nolan said crafting the right message is increasingly difficult, especially since the very act of speaking to one group can de-emphasize another. "When it's not perfect, what you get is conservatives who are angry about the fact that the work exists, and then you've got liberals who go, 'Yeah, this is a nice ad, but I know this about your hiring practices,'" he said. New risks change the calculus — and provide new opportunities Beyond the growing political polarization, the issue is further complicated for companies by the threat of government pressure. Trump has shown a willingness to go after companies because of their diversity policies. 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