00:00It's Benzinga bringing Wall Street to mainstream.
00:02It has announced it will scale back its diversity, equity and inclusion initiatives,
00:06including the end of its three-year DEI goals and ceasing participation
00:10in external diversity evaluations. The Minneapolis-based retailer will also
00:14halt its program to increase products from black or minority-owned businesses.
00:18A company executive cited evolving external landscapes and the company's strategy to drive
00:23growth in a company memo. This trend follows pressure from conservative activists and legal
00:28rulings such as the Supreme Court's decision blocking affirmative action in higher education.
00:33For all things money, visit Benzinga.com slash GSTV.
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