Target is scaling back its diversity, equity, and inclusion initiatives, raising questions about its philanthropic commitment in Minneapolis and beyond. The retailer announced last week that it would conclude previous DEI goals, stop reporting to external diversity surveys, and reassess corporate partnerships. While Target stated these changes do not impact its foundation’s giving, nonprofits have cut ties, citing concerns over the company’s shifting priorities. Progressive activists are calling for a boycott, with some Black-owned brands pulling their products from Target shelves.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Target is scaling back its diversity, equity, and inclusion initiatives,
00:06raising questions about its philanthropic commitment in Minneapolis and beyond.
00:10Retailer announced last week that it would conclude previous DEI goals,
00:14stop reporting external diversity surveys, and reassess corporate partnerships.
00:19While Target stated these changes do not impact its foundation giving,
00:23non-profits have cut ties, citing concerns over the company's shifting priorities.
00:27Progressive activists are now calling for a boycott,
00:30with some Black-owned brands pulling their products from Target's shelves.
00:33For all things money, visit Benzinga.com slash GSTV.