US retailer Target will discontinue its three-year diversity, equity and inclusion (DEI) initiatives, joining Walmart, Amazon, Meta and other prominent American brands. The announcement arrives in the wake of President Donald Trump's directive to federal agencies to cease DEI programmes,
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.
In addition to other efforts, the retailer will end a program focused on carrying more products from Black- or minority-owned businesses.
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.
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.
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.
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.
As President Trump issues directives to scuttle every federal government initiative that promotes diversity, equity and inclusion, tech
Wedbush raised the firm’s price target on Amazon.com (AMZN) to $280 from $260 and keeps an Outperform rating on the shares ahead of the Q4
Some of the biggest brands in America, including Amazon, Meta, Walmart and McDonald’s, have recently changed or ended their diversity, equity and inclusion (DEI) programs. But e.l.f. Beauty, a popular cosmetics brand,
A number of prominent companies have scaled back or set aside the diversity, equity and inclusion initiatives that much of corporate America endorsed following the protests that accompanied the Minneapolis police killing of George Floyd, a Black man, in 2020.
Target, which operates nearly 2,000 stores nationwide and employs more than 400,000 people, said it already had planned to end the racial program this year. The company said Friday that it also would conclude the diversity, equity and inclusion, or DEI, goals it previously set in three-year cycles.