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.
Related stories
Target apologizes for controversial clown costume · Small business
Target's Halloween costume controversy threatens its diversity image · Corporate earnings
This summary is AI-generated and original to Mobble; the linked article is the authoritative source.
Original headline: “Target's minstrel-costume apology erased days of stock gains.” Browse more stories.