Megachurch pastor says Target must meet demands
Bryant has a significant profile as the head of a megachurch and a celebrity who once appeared on The Real Housewives of Potomac with his ex-wife Gizelle Bryant.
He has used his influence to issue demands that Target must comply with for the boycott to end. Bryant demands that Target:
- Renew their commitment to invest $2 billion in Black-owned businesses by July 31
- Restore internal DEI efforts
- Deposit $250 million into Black-owned banks
- Establish new partnerships with historically Black colleges and universities
According to the pastor, as of Easter, Target had only met one of these demands — committing to invest in Black-owned businesses. That’s why his megachurch continues to boycott the mega-retailer.
Bryant’s is not the only Target boycott going on. Minnesota activists launched a national boycott of Target on Feb. 1, the first day of Black History Month. The Latino Free Movement is also urging Latinos to stop shopping there.
The boycotts are changing consumer behavior in measurable ways.
The St. Louis American reports that data from two analytics firms — Placer.ai and Numerator — shows an overall decline in consumer support for Target, with Black and Hispanic households cutting their Target visits at the highest rate.
Target has lost $12.4-billion in revenue since the boycotts began and its stock has plunged by $27.27 per share. While markets have been volatile in the wake of tariffs, there is reason to believe the boycotts are having an impact.
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Learn MoreWill efforts to stop DEI rollbacks make a difference?
The boycotts may affect Target’s bottom line, but their impact on its DEI policy is uncertain.
The Arizona Republic recently published a list of 40 businesses cutting back diversity, equity, and inclusion programs — including Amazon, AT&T, Bank of America, Disney, Ford, Google and General Motors.
They have all faced protests and boycotts, including a 24-hour economic blackout on February 28 that urged people not to spend money at any organization that had dropped its DEI initiatives.
The challenge is that all these companies, including Target, also face headwinds from President Donald Trump, who signed executive orders banning DEI in federal agencies and among federal contractors.
They may fear retaliation from Trump — through lawsuits — and counter-protests from MAGA followers opting to shop at retailers from an anti-DEI shopping list.
With boycotts blowing both ways, businesses have been left in a no-win situation with a good portion of the country likely to be upset with any DEI policies they put in place.
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