Target is facing growing backlash and declining sales as a national boycott continues, intensified by a private meeting with the Congressional Black Caucus going public. The CBC and Black leaders condemned Target’s rollback of diversity efforts, while the company’s CEO downplayed the boycott’s impact amid sharp drops in revenue and market value.
Tag: Black consumers
Posted inAfro Briefs
Target takes a hit: $12.4 billion wiped out
Target Corporation’s stock has plummeted due to backlash over its decision to abandon its DEI commitments, leading to legal battles from shareholders and conservative groups, as well as a 40-day Target Fast led by Reverend Jamal Bryant.
Posted inHBCU
Spelman College receives $1 million donation from Design Essentials
Spelman College has received a $1 million donation from Design Essentials to support the launch of its cosmetic science program, which aims to increase diversity in the beauty industry by providing a concentration for chemistry students and a minor degree.
Posted inHealth
‘Supermarket Redlining’: Why Black families pay more for food
Black households are disproportionately affected by food insecurity due to supermarket redlining, food deserts, and higher prices, and the federal government is investigating the high cost of groceries to ensure that major businesses are not exploiting their power to inflate prices.
Posted inCommentary
Harnessing the economic power of the Black community
The African American economy is a significant force in the US, with a buying power projected to reach $1.8 trillion by 2024, and efforts to promote entrepreneurship, education, financial inclusion, and cultural industries are essential to harness its potential and foster economic growth.