Target’s stock plummets 24% following 40-day boycott

 

Target Boycott – Photo of Target retail store

What once was a well-loved superstore for many is now turned into a dreaded disappointment. Target is now facing the harsh impact of a ‘40-day Boycott’ proposed Rev. Jamal Bryant of New Birth Missionary Baptist Church in Stonecrest, GA. This call for protest followed the corporation’s announcement to disband its diversity, equity, and inclusion (DEI) initiatives. 

While now facing the heat, Target used to be known for celebrating the diversity of its consumers prior to the Trump Administration taking office in Jan. 2025. Its shelves are stocked with black, indigenous, and women-owned brands which shoppers once thought amplified their commitment to DEI.

In January 2025, Target Corp. announced it would discontinue its REACH initiative and revamp its Supplier Diversity program, representing a major shift away from corporate diversity, equity and inclusion efforts. The decision has led to public criticism, legal challenges and uncertainty among investors.

According to the New York Stock exchange (NYSE) Target’s stock has now plummeted 24% since the DEI rollback announcement in January. Several independent brands have made the choice to pull their products from the store’s shelves in solidarity of this protest.

The backlash against Target has sparked national debate, with consumers, activists, and politicians weighing in on the implications of the retailer’s decision. While some argue that removing DEI initiatives aligns with shifting corporate strategies, others see it as a betrayal of marginalized communities that once found representation on Target’s shelves.

Rev. Bryant’s 40-day boycott has gained traction, with social media campaigns encouraging shoppers to support businesses that prioritize DEI initiatives. Meanwhile, analysts predict that the financial repercussions of the boycott could extend beyond stock value, potentially affecting Target’s long-term consumer loyalty and brand reputation.

As the protest continues, Target has yet to release an updated statement addressing the growing dissent. Whether the company will reconsider its stance or stand firm in its restructuring remains to be seen, but one thing is clear: the response to this decision has already reshaped the retail giant’s public image in ways that may be difficult to reverse.