First Target, now Dollar General: Why Dr. Jamal Bryant is asking for people to boycott the company
Bryant started the Target boycott earlier this year after the retail giant rolled back its diversity, equity, and inclusion policies in step with an executive order by President Donald Trump.
Now, he is asking people to boycott Dollar General because they have done away with their DEI programs as well.
'What is your ask?' Channel 2's Audrey Washington asked Bryant on Friday.
'We're asking several things. One is a revisitation of diversity, equity, and inclusion. That they will be in partnership with Black farmers and vendors, and that there will be an investment into the Black community,' Bryant said.
Bryant said he hopes the Dollar General boycott will pressure executives and shareholders to change course.
TRENDING STORIES:
'The Wire' actor says his son was 'thrown 300 feet' from their home in Henry County tornado
A trip to a GA Burger King's drive-thru led to a high school graduate's dream he never saw coming
Grandfather dies saving twin granddaughters from falling tree limb in Dacula
'This is what we are calling the summer of discontent,' Bryant said. 'We're asking people to call, and email, and post on social media if that is their only option. If they are in other areas, we are asking them to walk away.'
Washington emailed the Dollar General corporation about the boycott. A spokesperson sent her a statement, saying:
'Our mission is not 'Serving Some Others' – it is simply 'Serving Others.' We are proud to serve millions of Americans from all backgrounds and walks of life in our 20,500+ stores, offering everyday necessities at affordable prices, often in areas that other retailers have chosen not to serve. Likewise, we are proud to offer our employees respect and opportunity in a work environment built on the dignity and differences of each unique individual. We continuously evolve our programs in support of the long-term interests of our customers, employees, and shareholders.'
'Only 2% of their executives are people of color. They get somewhere in the orbit of $40 billion a year in profit, yet they have never given to a HBCU or an organization or given to a Black movement,' Bryant said.
The boycott is slated to run from Memorial Day to Labor Day.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Tom's Guide
16 minutes ago
- Tom's Guide
Massive REI clearance sale takes up to 50% off Arc'teryx, Patagonia, Yeti and more — 13 deals I'd snag now
From Arc'teryx to Patagonia, REI is one of my go-to retailers for deals on major brands. With the first Labor Day sales of the season now live, REI is taking up to 50% off apparel, sneakers, and more during its current sale. For example, REI has Patagonia apparel/accessories on sale from $15. The sale includes summer clearance items like t-shirts and trucker hats as well as plenty of items for fall, including insulated jackets and fleece hoodies. I don't personally own any Arc'teryx gear, but the Tom's Guide fitness team swears by the brand and right now REI has Arc'teryx gear on sale from $24. This includes tank tops, base layer bottoms, and long-sleeve shirts for men and women. REI's current sale also includes discounts on The North Face, Columbia, and Brooks. Below I've vetted 13 of the best deals you can shop right now. YETI sale: deals from $17 @ REIFrom water bottlers to travel mugs, REI has Yeti accessories on sale from $17. It's a small sale, but it covers most of the basics and also includes a discount on the Yeti backpack. Slide into something a little more comfortable with these North Face sandals. Padding on top and contoured cushion below make these slides extremely comfortable. They're great for days on the go or when your feet are feeling a little sore. The name of these shorts says it all! The Wander Shorts allow you to stay cool, comfortable and dry while exploring thanks to their sweat-wicking and water-repellent properties. They're also built with added stretch and tons of performance features. Named after a Peruvian peak, this ¼-zip, acts as a light yet warm barrier to the elements on chilly hikes. It's ideal for backpacking, climbing and other activities where weight saving is important. Plus, its bright blue hue is perfect for summer. The Patagonia Endless Run Shorts are made of quick-drying fabric that not only keep you dry, but also allow for stretch and movement. There's also a side pockets and a back pocket to carry your snacks and phone. Get ready to run speed, freedom and performance when wearing these shorts. From the gym to the trails, you can feel confident that the shorts will keep up. They feature abrasion-resistant fabric and have excellent stretch for comfort. The Patagonia Pack Out Tights are ideal for running errands, lounging around the house, working out, and everything in between. They feature a sturdy yet flexible double-knit mossed jersey fabric that's great for high-stepping. The wide waistband also lies flat under a pack or a dress. Whether you're breaking a sweat at the gym or on the trails, this light and airy t-shirt will be your best friend. It has an antimicrobial treatment to resist odor and keep you smelling fresh. Patagonia's Synchilla range is famous for a reason. This fabric is so soft, it almost feels like the chinchilla for which it was named (I assume, anyway). The body fabric is made from recycled polyester, so you know your jacket is helping the environment too! It's available in orange in S and XL, XXL in brown. The Arahi 7 is a stability shoe that offers extra support for runners with flat feet thanks to the J-Frame in its midsole. It's comfortable and durable. The Mantis Backpack is lightweight, durable, and offers a 26-liter capacity. Its water repellent finish repels moisture and it has an inner sleeve for a laptop or hydration bladder (not included). We also like its adjustable sternum strap and removable waistbelt. Designed with mountain climbers in mind, this handsome fitted jacket is ultra-breathable and stretchy. Made from Polartec Powder Dry Fleece, it also provides plenty of insulating power, despite weighing just under 9 ounces. Like the Delta fleece jacket above, the hooded half-zip version is built for maximum mobility, breathability and sweat-absorbing prowess. Ideal for a range of outdoor adventures, this cozy fleece provides ample insulating power despite its lightweight design.
Yahoo
19 minutes ago
- Yahoo
What To Expect From Target's (TGT) Q2 Earnings
General merchandise retailer Target (NYSE:TGT) will be announcing earnings results this Wednesday morning. Here's what to look for. Target missed analysts' revenue expectations by 2% last quarter, reporting revenues of $23.85 billion, down 2.8% year on year. It was a disappointing quarter for the company, with full-year EPS guidance missing analysts' expectations significantly and a significant miss of analysts' EBITDA estimates. Is Target a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Target's revenue to decline 2.2% year on year to $24.89 billion, a reversal from the 2.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.04 per share. Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 9 downward revisions over the last 30 days (we track 24 analysts). Target has missed Wall Street's revenue estimates four times over the last two years. Looking at Target's peers in the non-discretionary retail segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Sprouts delivered year-on-year revenue growth of 17.3%, beating analysts' expectations by 2.3%, and Grocery Outlet reported revenues up 4.5%, falling short of estimates by 0.6%. Sprouts traded down 4.1% following the results while Grocery Outlet was up 42.9%. Read our full analysis of Sprouts's results here and Grocery Outlet's results here. There has been positive sentiment among investors in the non-discretionary retail segment, with share prices up 6.4% on average over the last month. Target is up 3.4% during the same time and is heading into earnings with an average analyst price target of $103.69 (compared to the current share price of $105.14). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
an hour ago
- Business Insider
Opendoor (OPEN) Looks to Shed Meme Stock Reputation as CEO Resigns
Opendoor Technologies (OPEN), the online home marketplace, has recently drawn strong interest from retail investors. After bottoming at $0.51 in late June, the stock soared to $5 by late July before settling near $3.17 last week. That's a year-to-date performance of almost 100% with further gains expected today during the U.S. trading session. Moreover, last week's news of the company's CEO — Carrie Wheeler — resigning has further bolstered bullish sentiment. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Outside of internal personnel changes, the stock's recent rally was sparked by a high-profile investor making a bold bet that shares could climb above $80, fueling speculation of a potential Carvana (CVNA) -style turnaround. However, the stock also faces heavy short interest, as skeptics point to ongoing weakness in the housing market and elevated mortgage rates that continue to weigh on demand. Although profitability has been a real challenge, recent results have been encouraging. Still, for the turnaround thesis to hold long-term, Opendoor remains heavily dependent on improvements in the macro environment—a scenario that remains uncertain. Given the high recent volatility and speculative nature of the thesis, even with some compelling fundamentals, a Hold rating on the stock seems appropriate. Opendoor's Disrupted Promise and Pandemic Setbacks Opendoor is a real estate technology company that pioneered the 'iBuying' model, which consists of buying homes directly from sellers, making simple repairs, and reselling them, with the goal of simplifying and digitizing the home-selling process. This business model, initially seen as disruptive, had the potential to fundamentally change the way Americans buy and sell homes, much like e-commerce transformed retail. Between 2020 and 2021, during the pandemic, expectations were high: with enough scale and technology, the industry could shift online. But in reality, the U.S. housing market experienced a prolonged period of weak transaction volumes, driven by high inflation and elevated interest rates—the worst possible scenario for real estate. Opendoor struggled to scale profitably and failed to expand its iBuying operations enough to operate efficiently in a high-mortgage-rate, low-affordability environment. As a result, the stock has fallen more than 70% from its all-time high in early 2021. Bears remain active, with roughly 23.6% of Opendoor's float currently shorted, highlighting continued skepticism about the company's near-term prospects. Meme-Stock Buzz and Turnaround Thesis From GameStop (GME), AMC (AMC), Bed Bath & Beyond, and so on, the market hasn't seen a new emerging meme stock in recent years—despite occasional resurgences like Kohl's (KSS) —where retail investors show strong enthusiasm even when fundamentals are controversial, and high short interest creates the potential for short squeezes. This time, Opendoor has joined the meme-stock conversation largely because of EMJ Capital investor Eric Jackson, who pitched an extremely bullish turnaround case for OPEN, suggesting it could become a 100-bagger in a few years. In short, Jackson's thesis—what caught the attention of retail investors—was based on four main points: The Fed will eventually cut rates, and housing demand will rebound. iBuying faces little competition and could generate substantial profits at scale. The company has untapped AI efficiencies. When the turnaround takes hold, OPEN could trade at 4–5x forward EV/revenue, with revenues potentially reaching $12 billion in the coming years. For context, in 2022—still boosted by pandemic tailwinds—OPEN generated over $15 billion, roughly three times its output over the past twelve months. Additionally, since Carrie Wheeler became Opendoor's CEO, the focus has been on cutting fixed costs and streamlining operations—similar to what Carvana did to survive the used-car market crisis. With leaner operations, Opendoor could become profitable in its iBuying business even amid high interest rates—a scenario that was previously unfeasible. The best part is that Opendoor's current infrastructure is already capable of handling more transactions without major additional investments. Of course, this turnaround thesis hinges primarily on interest rate cuts. The key asymmetry today is that Wall Street generally doesn't expect a strong recovery in Opendoor's volumes over the next few years. Analysts currently project annual losses per share at least until 2027, even though revenues are expected to grow 15% in 2026 and another 9% in 2027. Recent Progress and Valuation Snapshot Opendoor has actually shown some meaningful progress recently. In its Q2 earnings, the company posted its first positive Adjusted EBITDA since 2022, totalling $23 million. While modest, this is a strong early sign that management is executing a prudent strategy: reducing marketing spend and lowering offers to homeowners to increase the margin of safety, in response to the slowing housing market. These actions naturally led to fewer homes purchased—only 1,700 in Q2, down 63% versus the same period last year and 51% compared to the previous quarter. Yet revenues held steady at $1.6 billion for the quarter, up 4% year-over-year and 36% quarter-over-quarter. The key takeaway here is that Opendoor is shifting toward a lower-capital, agent-led platform model, reducing reliance on buying and selling homes. Of course, the path forward won't be smooth. Opendoor already anticipates Q3 revenues to drop about 50% to $800–$875 million, with adjusted EBITDA turning negative again at a forecasted $28 million. But this is a natural reflection of a business reorganizing to focus on fewer home purchases amid macro headwinds and cautious consumer behavior in real estate. Looking at valuations, even after recent stock gains, Opendoor trades at a price-to-cash flow ratio of just 3.4x —well below the industry average of 12.3x. Much of the skepticism stems from the company's cash position: $1.31 billion in cash plus free cash flow versus $1.4 billion in net debt. While this comes close to full coverage if the cash were used to pay down debt, there's little margin of safety. Any deterioration in cash flow—say, in a 'higher-for-longer' interest rate scenario—or a rise in the cost of capital could quickly squeeze liquidity, even though the company isn't in immediate danger of insolvency. Is Opendoor Technologies a Buy, Hold, or Sell? The current analyst consensus on Opendoor is mostly negative. Of the eight analysts covering the stock over the past three months, four are bearish, three are neutral, and only one is bullish. OPEN's average stock price target is $1.27, implying a potential downside of about 60% over the next twelve months. Opendoor's Volatility Playground Opendoor stock is suitable only for investors willing to tolerate high levels of volatility—similar to what is seen with meme stocks. While I wouldn't necessarily classify OPEN as a meme, since the thesis does have some interesting fundamentals that could support a turnaround, the key here is that macro factors matter much more than company-specific ones. For the thesis to play out favorably, a scenario of prolonged interest rate cuts in the coming months would likely be required. Valuations do still look extremely compressed—which is unusual for a meme stock—but I'm still hesitant to take a more bullish stance. The situation remains more speculative than factual, so for now, I'm rating OPEN stock as a Hold.
