Headlines

Target Formalizes Support of Black-Owned Businesses

The retailer will invest $2 billion to support brands, entrepreneurs

Published

3 years ago

April 8, 2021

Target (Minneapolis) has committed to spend more than $2 billion with Black-owned businesses by the end of 2025, according to a company press release.

“The bold actions we’re announcing today reflect Target’s ongoing commitment to advance racial equity for the Black community. They also represent significant economic opportunity for hundreds of new Black-owned companies, who we look forward to doing business with for years to come,” said Christina Hennington, executive VP and chief growth officer for Target.

The investment will include the addition of products from more than 500 Black-owned brands as well as the engagement of more Black-owned companies to enhance the retailer’s operations and in-store experience. Target will also offer new resources to support Black-owned companies based on its existing Target Accelerators program for entrepreneurs.

Related Topics:black-owned entrepreneurship equity target

Jennifer Acevedo

Jennifer Acevedo is the editor-in-chief and associate publisher of VMSD magazine.

click to Comment(Comment)

Up Next

‘Jersey Shore’ Star to Open Concept Store

Don't Miss

Regional Mall Vacancy Rates at All-Time High

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design