See the (D) Chart provided for the timeline of their decline
Shareholders said Target's underperformance stood "in stark contrast" to results at rival Walmart (WMT.N), opens new tab, and reflected "continued backlash from its campaigns."
The lawsuit in the Fort Myers, Florida federal court seeks damages for Target shareholders from Aug. 26, 2022 to Nov. 19, 2024.
It was filed after Target said on Jan. 24 it would end DEI initiatives this year, including a program to support Black-owned businesses that it adopted following the 2020 murder of George Floyd by a Minneapolis police officer.
Target joined Walmart, Amazon.com (AMZN.O), opens new tab and some other prominent companies to scale back such initiatives, which have been attacked by many conservatives including U.S. President Donald Trump.
The case is City of Riviera Beach Police Pension Fund v Target Corp et al, U.S. District Court, Middle District of Florida, No. 25-00085.
Shareholders said Target's underperformance stood "in stark contrast" to results at rival Walmart (WMT.N), opens new tab, and reflected "continued backlash from its campaigns."
The lawsuit in the Fort Myers, Florida federal court seeks damages for Target shareholders from Aug. 26, 2022 to Nov. 19, 2024.
It was filed after Target said on Jan. 24 it would end DEI initiatives this year, including a program to support Black-owned businesses that it adopted following the 2020 murder of George Floyd by a Minneapolis police officer.
Target joined Walmart, Amazon.com (AMZN.O), opens new tab and some other prominent companies to scale back such initiatives, which have been attacked by many conservatives including U.S. President Donald Trump.
The case is City of Riviera Beach Police Pension Fund v Target Corp et al, U.S. District Court, Middle District of Florida, No. 25-00085.
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CrosbyVIII
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.