Target Aims to Spend More Than $2 Billion With Black-Owned Businesses by End of 2025
April 07 2021 - 7:39AM
Dow Jones News
By Dave Sebastian
Target Corp. said it aims to spend more than $2 billion with
Black-owned businesses by 2025, a goal that involves adding
products from more than 500 Black-owned businesses to its
shelves.
The retailer on Wednesday said the move builds on its effort to
diversify its suppliers. The company said it plans to increase
spending with Black-owned businesses such as marketing agencies,
construction companies and facilities maintenance.
Target said it is also creating a program called Forward
Founders, which aims to help Black entrepreneurs with ideation,
product development and scaling for mass retail.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
April 07, 2021 07:24 ET (11:24 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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