U.S. retailer Target's decision to remove some LGBTQ-themed merchandise after customer backlash in its stores highlights the problem with companies' "rainbow capitalism," said Erik Carnell, a ...

Target – which has a decade-long track record of featuring LGBTQ+ merchandise during Pride Month – was one of the corporations assailed for “rainbow capitalism” last June during Pride Month.

But none have seen as much backlash as Target. According to data from the analytics firm Placer.ai, foot traffic at Target stores has declined for 10 consecutive weeks.

Target stumbles as tariffs hit earnings and sales fall amid DEI backlash. The retail chain is battling fast-changing trade policy. But it’s also become a focus for angst over corporate rollbacks ...

Rainbow capitalism involves companies selling LGBTQ-branded merchandise under the guise of support for the community, but with the true motivation of financial gain.

Target CEO’s Massive Pay Cut Revealed Amid DEI Backlash And Trump’s Tariffs Cornell only earned $9.9 million in 2024 -- a 45% drop from 2023 and the lowest since 2016.

Target has failed to persuade a judge in Florida to dismiss a lawsuit that accused the retailer of deceiving shareholders after a backlash over Pride Month sales.

Earnings Results Tariff uncertainty, DEI backlash hurt Target’s results. Price increases are ‘the very last resort,’ CEO says. Target said reaction to the rollback of its diversity, equity ...

Target CEO Brian Cornell met with prominent civil rights leader Rev. Al Sharpton as the retailer grapples with fallout from cutbacks to its diversity initiatives.