The North Flint Food Market won’t open in the first quarter of 2025 — a projection made less than five months ago, according to the leader of the co-op grocery store that’s been built but has yet to open its doors to customers.
Target said that it was ending its diversity, equity and inclusion goals as it tries to align itself with an “evolving external landscape.”
Read here for a discussion Target's Q3 earnings miss, strong Q4 performance, attractive valuation, and positive outlook from Oppenheimer.
Target gave local filmmaker Leonard Searcy a $35,000 grant in October. Searcy was set to meet with the Minneapolis-based retail giant again Thursday to talk about another grant. The company postponed the meeting indefinitely,
Target on Thursday lifted its projection for comparable store sales growth in the fourth quarter on the back of a stronger-than-expected holiday shopping season.
Target reports 2.8% holiday sales growth and strong apparel performance, with analyst expecting FY24 EPS at the higher end of guidance.
Executive Director Andi Otto called the company’s decision to curtail diversity, equity and inclusion (DEI) programming “the breaking point.”
Target is joining a wave of US companies pulling back on diversity, equity and inclusion (DEI) initiatives, as right-wing pressure leads companies to alter their commitment to hiring diverse candidates and expanding access.
The updated estimates from Bernstein take into account Target 's revised guidance on Q4 comparable sales growth, which is now expected at 1.5% versus the previously anticipated flat growth. The analysts noted that e-commerce was a significant driver of sales growth in Q4 to date.
In addition to other efforts, the retailer will end a program focused on carrying more products from Black- or minority-owned businesses.