Target has announced it will scale back its diversity, equity, and inclusion initiatives, including ending its three-year DEI goals and ceasing participation in external diversity evaluations. The Minneapolis-based retailer will also halt its program to increase products from Black—or minority-owned businesses. In a company memo, a company executive cited evolving external landscapes and the company’s strategy to drive growth. This trend follows pressure from conservative activists and legal rulings, such as the Supreme Court’s decision blocking affirmative action in higher education.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to mainstream.
00:02It has announced it will scale back its diversity, equity and inclusion initiatives,
00:06including the end of its three-year DEI goals and ceasing participation
00:10in external diversity evaluations. The Minneapolis-based retailer will also
00:14halt its program to increase products from black or minority-owned businesses.
00:18A company executive cited evolving external landscapes and the company's strategy to drive
00:23growth in a company memo. This trend follows pressure from conservative activists and legal
00:28rulings such as the Supreme Court's decision blocking affirmative action in higher education.
00:33For all things money, visit Benzinga.com slash GSTV.