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Target Partners with RICE to Support Black Entrepreneurs

10/24/2025

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Summary

Story summary

Target emphasizes its partnership with the Russell Innovation Center for Entrepreneurs (RICE) to support Black small business founders.
The effort began in 2020 and includes the Retail Readiness Academy.
Backlash from Black consumers and declining sales spurred Target to rebuild trust.
Target's stock fell 10% after Brian Cornell stepped down in August 2025, and Michael Fiddelke will become CEO in February 2026.

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Story summary

Target emphasizes its partnership with the Russell Innovation Center for Entrepreneurs (RICE) to support Black small business founders.
The effort began in 2020 and includes the Retail Readiness Academy.
Backlash from Black consumers and declining sales spurred Target to rebuild trust.
Target's stock fell 10% after Brian Cornell stepped down in August 2025, and Michael Fiddelke will become CEO in February 2026.