4.7 • 9.2K Ratings
🗓️ 28 April 2025
⏱️ 9 minutes
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0:00.0 | NPR. |
0:02.0 | This is the indicator from Planet Money. |
0:13.5 | I'm Waylon Wong, joined today by producer extraordinaire, Julia Ritchie. |
0:18.0 | Hello, hello. |
0:19.0 | Waylon, like me, I know you love a weekend trip to a big box store. |
0:24.9 | Sample Saturdays, absolutely. But one big box retailer has been having a rough go of it lately, Target. |
0:33.4 | The chain has been the subject of a boycott over its decision to roll back diversity, equity, and inclusion policies. |
0:39.8 | You know, DEI. It's been in the news a lot recently, Whaling. |
0:43.1 | Mm-hmm. It is an about face for a chain that had enthusiastically promoted racial equity causes just a few years ago. |
0:50.2 | Well, Atlanta pastor, Jamal Bryant, organized a 40-day boycott against the store beginning in March to coincide with Lent. |
0:57.5 | And after meeting with Target's CEO earlier this month, he shared this update with his congregation on Easter. |
1:03.9 | Their currency does not ride with us if in all of these years we have been loyal customers and clients, |
1:11.5 | and then in the moment of dis-ease, you turn your back. |
1:14.7 | I told them, what I'm getting ready to tell you, we ain't going back in there. |
1:20.7 | The early data indicates that this boycott has taken a toll. |
1:25.1 | Foot traffic at the retailer has been down for 11 consecutive weeks. |
1:29.1 | Target's share price is down about 19 percent, and its CEO says sales are down. |
1:34.1 | Political boycotts are nothing new, but they are getting more attention. So we wanted to know |
1:39.8 | when does a boycott actually make a difference. Today on the show, we talked to a researcher about how to measure the impact of a brand boycott |
1:48.0 | and how one company is caught in the crosshairs. |
1:56.2 | In January, President Trump signed two executive orders calling for the termination of diversity, |
2:02.3 | equity, and inclusion offices, positions, and programs in the government. |
... |
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