Target is ending its DEI program this year, the latest corporation to step away from such policies in the face of scrutiny from conservative groups.
Discount store chain Target says it's joining rival Walmart and a number of other prominent American brands in scaling back corporate diversity, equity and inclusion initiatives.
The retailer joins a growing group of companies dropping commitments and policies on diversity and equity as President Trump fights the programs.
In remarks at the NRF’s annual “Big Show” conference Monday, Target Chief Operating Officer Rick Gomez said the company saw a sharp jump in sales on promotional days such as its Circle Week, an event in early October that coincided with Amazon Prime Day.
The retailer now expects same-store sales growth of 1.5% for stores open at least 13 months in the fourth quarter – above previous expectations that it would stay flat.
Scotiabank (TSX:BNS) analyst Nat Schindler updated the price target for Amazon.com (NASDAQ:AMZN) to $306.00, a significant increase from the previous $246.00. Currently trading at $235.42, Amazon has demonstrated remarkable strength with a 50% return over the past year.
Target faces macro and cyclical headwinds, with consumer discretionary spending and macro sentiment likely driving the stock lower. Learn more on TGT stock here.
As President Trump issues directives to scuttle every federal government initiative that promotes diversity, equity and inclusion, tech
Fourth-quarter earnings of the Mag 7 companies are expected to be up 20.9% from the same period last year on 12.2% higher revenues.
DeepSeek's large-language-model launch could wipe nearly $1 trillion in market value from the biggest U.S. tech companies.
FOX 9 Minneapolis-St. Paul on MSN13h
Fallout following Target rolling back DEI goals
Target's decision to end its DEI program has sparked plenty of reaction, including Minneapolis City Council member asking shoppers to boycott the retailer.
Emboldened by a 2023 U.S. Supreme Court decision that outlawed affirmative action in college admissions, conservative activists have used the courts and social media to target workplace programs.