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You are here: Home / Archives for inclusivity

inclusivity

Target CEO Attempts Damage Control After Weeks of Silence and Mounting Backlash

May 9, 2025 By MKE Community Journal Leave a Comment

Ross Township, USA. December 23, 2024 Target store on McKnight Road in Ross Township. Ross Township is adjacent to Pittsburgh’s northern border. Target Corporation is an American retail corporation that operates a chain of discount department stores. (Photo by Bg Walker)

By Stacy M. Brown
Black Press USA Senior National Correspondent

Target CEO Brian Cornell acknowledged in an email to employees this week that a months-long lapse in communication has created uncertainty. The retailer is grappling with falling foot traffic, public boycotts, and criticism over its retreat from diversity goals. According to the Minneapolis Star Tribune, Cornell’s message to staff admitted it has been “a tough few months.” It said media coverage, social media chatter, and internal conversations “may have left you wondering.” He insisted, however, that Target’s values have not shifted. “I recognize that silence from us has created uncertainty, so I want to be very clear: We are still the Target you know and believe in,” Cornell wrote. Since the beginning of the year, the retail giant has faced a storm of challenges. President Donald Trump’s tariffs on global imports have squeezed the company’s margins. Target’s decision to scale back its diversity, equity, and inclusion (DEI) initiatives prompted widespread backlash from Black leaders and organizations. “Black consumers helped build Target into a retail giant, and now they are making their voices heard,” said Dr. Benjamin F. Chavis Jr., president and CEO of the National Newspaper Publishers Association (NNPA). The NNPA is a trade association representing the 198-year-old Black Press of America. Earlier this year, the Black Press began a public education and selective buying campaign in response to Target abandoning its commitment to Black America. “If corporations believe they can roll back diversity commitments without consequence, they are mistaken,” Chavis stated.

In an email to Black Press USA, a Target spokesperson said “Target’s team members are the foundation of our success—they support our guests, strengthen the 2,000 communities we serve, and impact millions of lives nationwide. As we continue to run our business, it’s more important than ever to keep our team aligned on who we are and what we can achieve together.”  Target has lost a reported more than $15 billion in revenue this year, seen its stock price fall by as much as $27.27 per share, and is facing multiple lawsuits tied to its DEI policy changes. Cornell’s email still struck a tone of reassurance, calling the company’s values of “inclusivity, connection, drive” non-negotiable. “We’re committed to sharing more of that impact with you and our guests because it reinforces our values and shows the real heart of our team,” he wrote. Still, retail analysts were sharply critical. Neil Saunders, managing director at GlobalData Retail, said the email fails to address the root causes of public concern. “They say, ‘Our products and experience are second to none.’ Well, actually, no, they’re not. That’s not true anymore,” he said. According to data from Placer.ai, foot traffic to Target stores has dropped for 11 straight weeks, with only a slight uptick during the weeks of April 14 and April 21. Overall, foot traffic declined 3.3% in April.

In recent weeks, Cornell met with Rev. Al Sharpton and leaders of the boycott movement to discuss Target’s DEI pullback. He also met with Trump to outline the damaging impact of tariffs on retailers. Neither meeting was believed to have been mentioned in his message to employees. Rev. Jamal Bryant, who launched a national Target Fast to protest the company’s direction, has called for continued mobilization and accountability. Retail consultant Carol Spieckerman said the CEO’s email failed to take responsibility. “His email acknowledges but doesn’t take responsibility for any of the concerns and controversies surrounding the company,” she said. “The tone implies that things are happening around and to Target that are out of its control.” Both Spieckerman and Saunders described the message as unfocused. “It’s a really jumbled email,” Saunders said. “And you know if it’s come from Brian Cornell, it’s probably been through about 30 different people and various PR teams, and it still comes out as this big, jumbled mess.”

Filed Under: Economy Tagged With: $15 billion revenue loss, accountability, Benjamin F. Chavis Jr., Black Leaders, Black Press of America, boycott movement, Carol Spieckerman, CEO Brian Cornell, communication lapse, connection, corporate values, DEI pullback, DEI retreat, diversity, Donald Trump, drive, employee email, equity, falling foot traffic, Featured, GlobalData Retail, Inclusion, inclusivity, lawsuits, margins, Minneapolis Star Tribune, National Newspaper Publishers Association, Neil Saunders, NNPA, Placer.ai, public boycotts, retail analysts, retail consultant, Rev. Al Sharpton, Rev. Jamal Bryant, selective buying campaign, stock price drop, target, Target Fast, tariffs

Tyler Perry BET Deal Falls Through as Paramount Removes Network From Sales Block

August 18, 2023 By MKE Community Journal Leave a Comment

Paramount Global had received bids ranging from approximately $2 billion to $3 billion.

By Stacy M. Brown
NNPA Newswire Senior National Correspondent
@StacyBrownMedia

Paramount Global has pulled out of a deal to sell BET Media Group to renowned filmmaker Tyler Perry.
According to The Wall Street Journal, Paramount announced that they had ended the bidding process, which would have included VH1 and BET Studios, streamer BET+ and the BET channel —because “a sale wouldn’t result in any meaningful deleveraging of its balance sheet.”
Paramount Global had received bids ranging from approximately $2 billion to $3 billion.
Perry’s potential ownership would have made BET Black-owned again after 21 years, while VH1, for the first time, would have boasted an African American owner for the first time.
Earlier this year, Perry’s longtime friend Rolanda Watts, proclaimed that he cemented his place in history by acquiring the two major television networks, making him the first African American to do so.
However, others including Roland Martin said the story wasn’t true, that a deal had not been reached.
The renowned actor and filmmaker previously expressed optimism about purchasing BET, stating his keen interest if it were a possibility.
Perry, who had already enjoyed tremendous success in collaboration with BET, partnering with his Tyler Perry Studios banner to create the popular streaming service BET+, was no stranger to the network.
He acknowledged the unexpected nature of the potential acquisition, stating, “I’ve been there for four years now and had tremendous success… If that is possible, I’m very, very interested in taking as much of it as I can.”
The exact financial details of the deal have not been disclosed, but experts on this sort of transaction have placed a significant value on the acquisition of the two networks.
Since its launch, the BET+ streaming service has experienced remarkable success.
In 2021 alone, BET+ was responsible for half of the subscribers and nearly all revenue growth for the channel.
The platform features a wide range of original films and series from the extensive BET program library, captivating audiences with diverse and engaging content.
The acquisition of BET and VH1 would have marked a significant milestone in the representation and ownership of the entertainment industry.
Perry’s success as an African American entrepreneur and his commitment to showcasing diverse stories and voices have paved the way for increased opportunities and inclusivity in the media landscape.
The Madea star currently owns a minority stake in BET and also produces a large portion of the programming available on BET and BET+

Filed Under: Arts & Entertainment Tagged With: African American ownership, BET, BET Media Group, Black-owned channel, filmmaker, inclusivity, Madea, media landscape, minority stake, opportunities, paramount, Paramount Global, Roland Martin, Rolanda Watts, sale, streamer, television, Tyler Perry, VH1, Wall Street Journal

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