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New figures reveal that Black shoppers had a significant impact on the February 28 ‘Economic Blackout,’ particularly at major retailers like Amazon, Walmart, and Target, Retail Brew reports. The boycott, led by grassroots organization The People’s Union USA, urged consumers to freeze spending for 24 hours in response to rising prices, corporate policies, and economic challenges facing consumers. $220 million decline for Black shoppers The boycott fell on a Friday, and sales decreased by 5.4% and trips fell by 4.1% compared to the average Friday, as stated by Numerator. Household
Walmart shareholders advise the company to rethink its decision to pull back on DEI efforts. Bloomberg reported that over 30 shareholders asked Walmart Inc. to explain why they’ve decided to retreat on diversity, equity, and inclusion initiatives, calling the choice “disheartening.” The letter to Chief Executive Officer Doug McMillon stated that the company had given in to “bullying and pressure from anti-DEI groups.” CEO of SHARE Kevin Thomas, who signed the letter, said, “It’s worrying for shareholders because management appears to be swayed by threats from internet trolls who are already
Walmart has recently decided to discontinue multiple diversity, equity, and inclusion (DEI) initiatives in its workplaces. With 1.6 million employees, Walmart is one of the world’s largest retailers, meaning its decision on DEI has significant consequences for all retailers and corporations. Walmart rolls back DEI This plan to phase out DEI efforts was initially made public by anti-DEI conservative activist Robby Starbuck. Posting on X, Starbuck said, “Walmart is ending their woke policies. Last week, I told execs at [Walmart] that I was doing a story on wokeness there. Instead,
