Page 2 - Target Accelerators News Today : Breaking News, Live Updates & Top Stories | Vimarsana

MINNEAPOLIS, April 7, 2021 /PRNewswire/ -- Target ® Corporation (NYSE:TGT) today announced a commitment to spend more than $2 billion with Black-owned businesses by the end of 2025. Target is pledging to add products across its multi-category assortment from more than 500 Black-owned businesses and engage more Black-owned companies to enhance its retail operations and shopping experience. In addition to spending more with Black-owned companies, Target is introducing new resources to help its Black-owned vendors grow and successfully scale their businesses in mass retail. "We have a rich...

Support for Black businesses Target said it is establishing resources to support Black-owned businesses and help them grow. One of the programs, Forward Founders, will "engage Black entrepreneurs earlier in their startup journey to help them navigate the critical stages of ideation, product development and scaling for mass retail."  Through existing programs like Target Accelerators and events like the Black-Owned Business Vendor Fair, Target says it has previously brought in diverse businesses. On its website, Target said between 2016 and 2018, it has increased "business with diverse supp...

"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," chief growth officer Christina Hennington said in a news release. The killings of George Floyd, Breonna Taylor, Ahmaud Arbery and protests across the country have ratcheted up pressure on corporate leaders to advance racial equity and do more than simply cut a check — or risk losing business. The uneven death toll of the coronavirus pandemic and financia...

Target to spend $2 billion with Black-owned businesses by 2025 By (0) Forward Founders, one of Target's programs, will help Black entrepreneurs in startup efforts to help them navigate product development and scale for mass retail. File Photo by Mohammad Kheirkhah/UPI | License Photo April 7 (UPI) -- Target announced Wednesday that it'll spend more than $2 billion with Black-owned U.S. businesses over the next four years and stock its shelves with products from hundreds of those businesses. The retailer said the moves are part of its commitment to advance racial equity in the United States....

New Voices + Target Accelerators have teamed up to help women of color entrepreneurs secure the capital needed to grow and scale their businesses.