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submitted 1 month ago by FirstCircle@lemmy.ml to c/news@lemmy.world

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.

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[-] hddsx@lemmy.ca 136 points 1 month ago

Anyone want to start a petition to cancel their Costco membership if they capitulate?

[-] can@sh.itjust.works 44 points 1 month ago
[-] ThePantser@lemmy.world 20 points 1 month ago

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.

[-] histic@lemmy.dbzer0.com 1 points 1 month ago

But bulk buying is cheaper per unit normally?

[-] mbfalzar@lemmy.dbzer0.com 3 points 1 month ago

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

[-] hddsx@lemmy.ca -4 points 1 month ago

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

[-] ThePantser@lemmy.world 5 points 1 month ago

Nope married with 2 kids. Shits expensive yo.

[-] hddsx@lemmy.ca 1 points 1 month ago

Sorry to hear that. Your area must be more expensive than mine :(

[-] polographer@lemm.ee 7 points 1 month ago

Count me in

[-] esc27@lemmy.world 109 points 1 month ago* (last edited 1 month ago)

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.

[-] teamevil@lemmy.world 42 points 1 month ago

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

[-] Alexstarfire@lemmy.world 15 points 1 month ago

That's technically already the case. Just not really enforced.

[-] MyOpinion@lemm.ee 58 points 1 month ago

Stop giving in to christofascists.

[-] xmunk@sh.itjust.works 57 points 1 month ago

Wait, six thousand??? This really might get serious if they increase their petition by like a hundred thousand more.

[-] ShepherdPie@midwest.social 17 points 1 month ago

I'm fairly certain that my local Costco has at least double that number of transactions every single day.

[-] teft@lemmy.world 50 points 1 month ago

6,000 Costco customers

[-] CaptainPedantic@lemmy.world 48 points 1 month ago

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

[-] morphballganon@lemmy.world 48 points 1 month ago

Those 6,000 families will suffer more from the loss of CostCo than CostCo will suffer from the loss of those 6,000 memberships.

[-] ShepherdPie@midwest.social 20 points 1 month ago

If costco rejects them, it almost makes me want to buy a second membership.

[-] chalupapocalypse@lemmy.world 13 points 1 month ago

They probably lose more money on hot dogs and rotisserie chickens than these weirdos spend

[-] IphtashuFitz@lemmy.world 3 points 1 month ago

More roast chicken & hot dogs for the rest of us!

[-] ryan213@lemmy.ca 37 points 1 month ago

Lol get fucked

[-] wiLD0@lemmy.world 31 points 1 month ago

This is what cancel-membership culture looks like folks.

[-] cynthorpe@discuss.online 23 points 1 month ago

I can see Walmart caving, but Costco? Yeah right. As long as that chicken is $5, no one is leaving.

[-] P00ptart@lemmy.world 22 points 1 month ago

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.

[-] carl_dungeon@lemmy.world 22 points 1 month ago

Fuck Christian groups

[-] riskable@programming.dev 16 points 1 month ago

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.

[-] teamevil@lemmy.world 13 points 1 month ago

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

[-] asteriskeverything@lemmy.world 7 points 1 month ago

My guess is Walmart will cave, Costco won't. Target waits to see what happens before making official moves.

[-] CluelessLemmyng@lemmy.sdf.org 7 points 1 month ago

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.

[-] mightyfoolish@lemmy.world 5 points 1 month ago

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.

[-] Pilferjinx@lemmy.world 4 points 1 month ago

Walmart will probably choose what's more profitable. Probably pills.

[-] asteriskeverything@lemmy.world 2 points 1 month ago

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

[-] motor_spirit@lemmy.world 6 points 1 month ago

fuck em 🤷‍♂️

this post was submitted on 07 Aug 2024
246 points (98.8% liked)

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