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2021-04-08 -Great Cultural Revolution

Target pledges to spend $2B on products, services from Black-owned businesses

[STARTRIBUNE] As part of its racial equity efforts, Target Corp. is pledging to sell products from more than 500 Black-owned brands by the end of 2025.

That goal is part of a new $2 billion commitment the Minneapolis-based retailer is making to spend with Black-owned businesses over five years. The company did not provide specifics on how much it currently spends with these companies, but said the commitment represents a significant increase.

Target currently carries 65-plus Black-owned brands, including several in its beauty department.

In addition to diversifying its suppliers, Target said it will step up partnerships with other Black-owned companies in areas such as marketing, construction and facilities management.

It also will launch a new program called Forward Founders to help Black entrepreneurs grow and scale their businesses for mass retail.

"We have a rich history of working with diverse businesses, but there's more we can do to spark change across the retail industry, support the Black community and ensure Black guests feel welcomed and represented when they shop at Target," Christina Hennington, Target's chief growth officer, said in a statement. "The bold actions we're announcing today reflect Target's ongoing commitment to advance racial equity for the Black community."

Target has been working to diversify its suppliers and product mix for years through efforts such as hosting vendor fairs for Black-owned businesses. Between 2016 and 2018, it increased its business with diverse suppliers by 64%.

Posted by Fred 2021-04-08 00:00|| || Front Page|| [11135 views ] Top

#1

If the items sell Great fantastic, stock them.

But if it is a WOKE PR gimmick?
Then will Target just offset the loss by upping the prices of WHITE Items.

Which also begs the question:
IF the items were profitable why wasn't Target already selling them?

Before you ask what is a "White Only Item"?
I can't think of one. But it does point out the ethnic disparity of focusing on Race/Color over consumer demand that "might" be introduced.

Posted by NN2N1 2021-04-08 07:18|| 2021-04-08 07:18|| Front Page Top

#2 Time for businesses to get figurehead black owners?

Posted by g(r)omgoru 2021-04-08 08:22|| 2021-04-08 08:22|| Front Page Top

#3 Yo! Get yore crack at Target's now. We done gone upped the bidness.

Posted by Dron66046 2021-04-08 08:47|| 2021-04-08 08:47|| Front Page Top

#4 ... while Target shuts down its retail stores located in violent black-majority neighborhoods incl the one at the center of the St George F. Festivities in Target's own hometown

Posted by Lionel Glavique5595 2021-04-08 12:32|| 2021-04-08 12:32|| Front Page Top

#5 Time for businesses to get figurehead black owners?

Been going on for a while in public sector construction companies.

Cold Saw the commercial the other night. Pretty obvious right off the bat where it was going, so when the coffee Black and Bold, ah, of course that would be the name.

Posted by swksvolFF 2021-04-08 14:41|| 2021-04-08 14:41|| Front Page Top

#6 Been going on for a while in public sector construction companies.

Wanna know where I got the idea? I got it from studying Jewish Diaspora history.

Posted by g(r)omgoru 2021-04-08 14:43|| 2021-04-08 14:43|| Front Page Top

#7 Story from a guy who dabbled in Mega City Projects. Said there was a company who formed, and after gathering the professionals and the muscle, went in search of an black guy with a face, gab, and networking ability to make 'Owner'.

Got them consideration points during bid selection, or necessarily be the lowest bidder.

Posted by swksvolFF 2021-04-08 16:44|| 2021-04-08 16:44|| Front Page Top

#8 A lot of companies will start looking for black 'owners'. Kind of a modern-day version of blackface.

Posted by CrazyFool 2021-04-08 17:22|| 2021-04-08 17:22|| Front Page Top

#9 Time for businesses to get figurehead black owners?

Owners and top tier officers, this has been going on South Africa since about 1995. The newly re-organized South Afircan 'National' Defense Force (SANDF) led the way through the mandatory release, buy-out, and retirement of white top level officers. Many of the replacements had gained their military education at the Frunze Military Academy in Moscow.

Posted by Besoeker 2021-04-08 17:27|| 2021-04-08 17:27|| Front Page Top

#10 We're all South Africans now

Posted by Galactic Coordinator Dark Lord of the Chinese1126 2021-04-08 18:05|| 2021-04-08 18:05|| Front Page Top

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