As Big Retailers Pull Back on D.E.I, What Happens to Emerging Black Sellers?
Published On Feb 5, 2025, 3:00 AM
The article discusses concerns among Black-owned brands as Target announces a rollback on its diversity initiatives, including its Supplier Diversity team. This change comes after the retailer had fostered supportive programs for such businesses since the racial justice movements in 2020. One of the affected suppliers, Pernell Cezar of the coffee company BLK & Bold, expressed disappointment, noting the lack of communication from Target about these changes and the uncertainty it creates for his business's future.
Stock Forecasts
TGT
Negative
The decision to reduce diversity initiatives could lead to a negative perception of Target among socially-conscious consumers and stakeholders, affecting sales and market share. As consumers increasingly favor brands that prioritize inclusivity, this may create a longer-term negative outlook for Target if they do not adequately address supplier relationships and community concerns.
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