All articles tagged with #target
Target apologized and pulled the 'Kids’ Glows Under Blacklight Circus Clown Halloween Costume' after social-media backlash accusing it of evoking Blackface; the Hyde and EEK Boutique product is no longer for sale, and Target says it is reviewing how the item was approved amid ongoing criticism of its DEI and brand rehabilitation efforts, with shares rising about 2.7% after the announcement.
Target apologized and pulled the Kids' Glows Under Blacklight Circus Clown Halloween Costume after social‑media backlash accusing it of evoking Blackface, highlighting ongoing scrutiny of the retailer’s DEI rollbacks and perceived brand damage as it competes with Walmart and Costco.
Target removed a Halloween costume from shelves after criticism that it resembled racist caricatures, apologized, said the design was offensive and has been discontinued, and pledged to review its processes to prevent a repeat.
Target removed the Kids’ Glows under Blacklight Circus Clown Halloween costume after social media backlash accusing it of racist blackface/minstrel imagery and a Jim Crow-era pose; the company apologized, saying the outfit is no longer for sale and that it will review how it was approved.
Target pulled the Kids' Glows Under Blacklight Circus Clown Halloween Costume from its Hyde and EEK Boutique line after social media backlash accusing it of resembling Blackface; the company apologized, said it was offensive and no longer for sale, and vowed to review internal processes as it faces ongoing optics and DEI-related scrutiny alongside competitive retail pressures.
Target apologized and removed from sale a Kids’ Glows Under Blacklight Circus Clown Halloween Costume after social-media backlash accusing it of evoking Blackface and minstrel imagery. The company said the costume is offensive and should never have been part of its assortment and said it is reviewing how it passed approval. The move comes amid broader optics challenges for Target, and the stock reaction showed a modest uptick in afternoon trading.
Target apologized and pulled a Kids' Glows Under Blacklight Circus Clown Halloween Costume after critics said it evoked Blackface and minstrel imagery; the move tackles a reputational issue tied to past DEI policy rollbacks, with the company pledging to prevent similar missteps and improve governance.
Target removed a ‘Kids’ Glows Under Blacklight Circus Clown Halloween Costume’ after social media backlash claiming it resembled a racist minstrel caricature of Black people. The company apologized, said the costume should never have been sold, and pledged to review how the oversight occurred. The incident adds to ongoing DEI-related scrutiny of Target’s practices, as the retailer navigates a bumpy financial path that includes a prior stock decline and a tentative rebound.
Randi Weingarten-led AFT launched a nationwide back-to-school boycott of Target, accusing the retailer of remaining silent on ICE operations in Minnesota and urging members to Shop Smart, Not Target until Target condemns immigration enforcement; Target and ICE defended enforcement actions near protected areas, while critics accuse the AFT of leveraging pension funds and political pressure to influence corporate behavior.
The American Federation of Teachers launched a nationwide back-to-school boycott of Target after accusing the retailer of remaining silent on ICE enforcement in Minnesota, directing members to shop at alternative retailers via the 'Shop Smart, Not Target' campaign; Target and ICE defended their actions, while critics questioned the use of union pension assets to pressure companies and alleged politicization of education.
Target beat quarterly expectations with $1.87 billion in net income ($4.11 per share) on $26.54 billion in revenue, aided by tariff refunds, as comparable sales rose 2.7% and digital sales climbed 8.7%. The company raised its full-year 2026 guidance to about $9.90–$10.90 per share, up from prior ranges, driven by extensive store remodels (more than 100 in progress with a goal of ~130) and strength across categories, including a new Target Beauty Studio after Ulta ended its partnership. Target also enlisted Isaac Mizrahi as creative director to boost product design and partnerships and to bolster apparel and home assortments amid ongoing initiatives and pricing dynamics.
Target disclosed about $994 million in pre-tax tariff refunds, boosting its second-quarter operating income to $2.6 billion from $1.3 billion a year earlier; the refunds follow a Supreme Court ruling that Trump-era tariffs were unlawful, while tariffs policy remains unsettled as Trump delays Canada duties during talks. The retailer is pursuing a price-competitive turnaround and aims to reduce reliance on China sourcing.
Target posted its second straight quarter of comparable-sales gains as a merchandising overhaul under new CEO Michael Fiddelke draws more customers, aided by price reductions and store remodels; tariff refunds boosted earnings, and the company raised its full-year outlook as both in-store and digital sales improve.
Target beat earnings expectations in Q2 as sales rose across all departments, traffic improved, and margins benefited from tariff refunds; the retailer raised full-year guidance and signaled ongoing price investments amid a broad merchandising reset, with CEO Michael Fiddelke saying the turnaround is gaining traction and aims for years of sustained top-line growth.
Target is set to report fiscal Q2 2026 results on Wednesday, with expected EPS of $2.33 and revenue of $26.14 billion, as CEO Michael Fiddelke presses a turnaround focused on inventory, merchandising and product selection. The stock is up over 55% this year despite cautious consumer spending. Last quarter produced the first positive same-store sales in five quarters (+5.6%) and higher full-year revenue guidance, though analysts remain skeptical awaiting durable growth into FY27. The company will hold an 8 a.m. ET conference call.