Foot traffic fell for an eighth straight week at Target stores following the company’s termination of DEI policies in late January.
From RetailBrew:
For the week that began March 17, foot traffic fell 5.7% YoY for Target, according to data from Placer.ai. That’s compared to the 7.1% it fell last week, and an average weekly decline over the last eight weeks of 6.2%.
In a March 4 earnings call, when it reported a 3.1% Q4 loss and a non-specified sales decline in February, Target executives were bullish about its Easter assortment boosting business. But if it has so far, it’s not reflected in the foot-traffic data.
What may have taken the spring out of the Easter Bunny’s hop for Target is a 40-plus day boycott coinciding with Lent (so ending on Easter) spearheaded by Black clergy for which more than 150,000 have signed up, exceeding organizers’ stated goal of 100,000.
The mood over at Costco, however, is a bit different. Having resisted demands from the Trump administration for private companies to abandon their DEI programs, foot traffic has continued to grow. For the week beginning March 17, traffic rose 5.2% YoY, marking its 13th straight week of gains over last year.
Target v Costco #FAFO pic.twitter.com/ol6iCLNzLn
— MAGA Cult Slayer (@MAGACult2) March 29, 2025
Discover more from The Randy Report
Subscribe to get the latest posts sent to your email.
