Target Drops DEI Goals and Ends Program to Boost Black Suppliers

Target TGT -1.42%decrease; red down pointing triangle, one of the most full-throated corporate supporters of Black and LGBTQ rights, changed its tune Friday.

Its stores once featured prominent displays of themed merchandise for Pride Month and Black History Month. And after the May 2020 murder of George Floyd a few miles from the company’s Minneapolis headquarters, the retailer committed to increase the representation of Black employees across the company and spend more than $2 billion with Black-owned businesses by 2025.