Target shares slide after offensive Halloween costume pulled
Target removed a children's Halloween costume from stores after social media users said it evoked racist minstrel caricatures, issuing an apology. The controversy erased recent stock gains, with shares falling 3.78% on Tuesday after hitting a 52-week high the day before. The incident adds to the retailer's recent challenges as it had been recovering from earlier missteps and DEI rollbacks.
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The stock decline erased gains from the prior session, when shares had closed at a 52-week high of $169.89. This incident
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