Target has committed to spending more than $2 billion with Black-owned businesses by the end of 2025, pledging to add products across multiple categories from more than 500 companies. In addition, the retailer is introducing new resources to help its Black-owned vendors grow and successfully scale their businesses in mass retail.
"We have a rich history of working with diverse businesses, but there's more we can do to spark change across the retail industry, support the Black community, and ensure Black guests feel welcomed and represented when they shop at Target," said Christina Hennington, executive vice president and chief growth officer, Target, in a statement.
This investment is a continuation of Target's commitment to social justice and racial equity. Last year, Target established its Racial Equity Action and Change committee composed of senior leaders from across the company who represent a diverse range of perspectives and expertise and guide the retailer's efforts to engage in the fight to end systemic racism in the U.S. and drive lasting impact for the Black community.
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