Target scaling back DEI policies after Trump signs executive order
Published On Jan 24, 2025, 1:20 PM
Target is scaling back its diversity, equity, and inclusion (DEI) policies following an executive order signed by former President Trump that aims to review such initiatives across publicly traded companies. The company plans to conclude its DEI goals by 2025 and will be shifting its approach to focus more broadly on inclusion while stopping external diversity surveys. Other major retailers like Walmart and Amazon are also reducing their DEI efforts due to increasing scrutiny and criticism.
Stock Forecasts
TGT
Positive
As Target adjusts its business strategies amidst changing political and social landscapes, this shift in DEI policy may impact its public image but could also indicate a focus on operational efficiency and cost management in a challenging retail environment. Investors could interpret this as a positive sign of adaptability to market pressures, though it may alienate a portion of its customer base that values DEI commitments.
Related News
Stock Rally Stalls as Waller Remarks Boost Bonds: Markets Wrap
Jan 16, 2025, 12:55 PM
(Bloomberg) -- Stocks struggled to make headway after a solid rally, while bond yields dropped on dovish remarks from Federal Reserve Governor Christopher Waller.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesChurches, Cinemas — and Moon Artifacts — Top List of Endangered MonumentsAs E-Bikes Boom in NYC, Some Call for More RegulationsWill Americans Ever Lose Their Taste for Telework?Wall Street also ke
Biden's consumer watchdog is taking a big last-minute risk
Jan 12, 2025, 9:42 AM
The Consumer Financial Protection Bureau has been finalizing consumer-friendly rules, in hopes they'll stick under a second Trump administration.
I.R.S. to Send Out Unclaimed Tax Credit to One Million Taxpayers
Dec 23, 2024, 6:23 PM
Some Americans who qualified for a pandemic-era tax credit but did not claim it will get up to $1,400 in their account within the next month.