I’m from Dr. Boyd Kimber, president of the National Baptist Convention. The National Baptist Convention USA highlights Target Corporation’s partnership during National Convention in Montgomery, Alabama. I’m just going to read a press release to you guys. The National Baptist Convention USA is committed to ensuring that corporations that do business in our communities give back to and help rebuild and stabilize neighborhoods.
The partnership with Target Corporation is based on our shared commitment to community empowerment through small businesses and entrepreneurship development. Investment in education and and student support and workforce and skill development unlocks growth across the communities. The NCBC USA has been clear about our expectations to target senior leadership have responded in a very positive way. We are working on a three-year plan that will be very beneficial to the African-American community. If uh I thought Target was not sincere in their commitment to the African-American community, I would be the first one to pick at the picket lines.
Our communications with Target has been at the highest level and we are continuing that dialogue with the federal government making deep cuts in education, healthcare, and other essential services.
We uh know uh we know the black church will be called upon to stand in the gap. Our outreach program serving both our uh congregations and the broader community must be fully resourced and to respond to the needs. I am proud to say that we will answer the call. Target’s generous donation will help us provide scholarship, support senior citizens and invest in entrepreneurship programs to uplift our communities and the future.
The church must be a beacon that meets the spiritual and physical needs of our membership through partnership and corporation with corporations like Target. We are better positioned to fulfill that mission. The NBCUSA remains steadfast in our commitment to holding corporations accountable to ensure African-Americans receive equitable opportunities in contracting, employment, and other vital areas of investment. The National Baptist Commission Convention USA was founded in 1886 in the N and is the nation’s oldest and largest African-American religious convention with over 31,000 churches, 7.5 million members.
All right, so we’re going to go straight to the panel on this. So, it sounds like Target is working with the uh National Baptist Convention uh to come to a resolution on this uh year-long boycott. As many people know, uh the Trump administration when they came in did this massive roll back of what they call DEI, but what is really civil rights. They turned the clock back on many of the games we’ve made when it comes to civil rights. And many corporations we saw folded, Target being one of them, getting rid of many of their diversity programs.
If you went into a Target this week, you’ll notice the Junth exhibit was a whole lot smaller than it was a year ago. Um, cutting back on affinity groups, etc. But Target is one of the corporations that’s been really been affected by the boycott movement and appears they are making movement potentially in the direction of supporting the community.
So, I’m going to go to the panel. Michael, what what’s your take on this?
Well, this is breaking news and I’m trying to find an article on it, so not haven’t been able to really read it. It it sounds so it sounds like there’s going to be a rift between the National Baptist Convention and uh Pastor Jamal Bryant and his movement because he said recently that they’re going to keep the boycott of Target going. He said that uh he laid out four um um things on the agenda that he wanted Target to agree to. They agreed to the $2 billion dollar in investment in blackowned businesses, but the other three they didn’t agree to. So for the National Baptist Convention, it sound like now they struck a deal uh with Target to now somehow help blackowned businesses.
Um yeah, it sounds like this is going to come to a head and this is going to cause a rift in the African-American community and cause confusion also.
And and Zachary on that point, you know, there I can already see this is breaking news. I I read it in real time. I was reading it the same time y’all were hearing it. Uh but it sounds like we’re going there going to be a lot of discussion on this, particularly in social media and online.
What’s your take on this? Everything that the devil stole, God is going to give it back to me and my community. I don’t care what Target is doing to try to fix and mend these bridges.
It is going to until they give us every single thing that they’ve taken away from all marginalized communities. There will be in my I will never shop there again.
It’s not going to happen. And I will continue to boycott and continue to call our brothers and sisters do that boycott because that boycott is working and it’s sending a national message. Uh 12.4 billion in market value decrease 3% drop from quarter to quarter. Uh 5.
7 drop yearover-year earnings. The earning impact down 36% compared to the previous year. Their stock performance has fallen nearly 30%. Leadership impact their CEO having take a 43% cut. This is the power of the black dollar at play.
So they can go to any convention they want to go to. They can appeal in any way they want to compe until they do right by me and mine.
They will continue to fail. And Matt, you know, I I I think when people hear this, they’re going to say, “Well, what are the details? What exactly is Target agreeing to do?
They’ve got the National Baptist Convention on their side.” Do you think we should give them at least an opportunity to hear them out? Uh or should we keep the boycott going regardless and expand it if nothing else? No, I think we should take the uh words of our our boy future. Chase a check cuz that’s what they did.
They chased a check. This is about a check and this is about Target wanting to u improve its image. I don’t think we should hear them out and I’m disappointed that the National Baptist Convention did this.
I mean, I understand that everybody has its own self-interest, but one to create the rift that I think Michael is talking about. Um, when you have the momentum that Dr.
Zach is talking about, at least at this juncture, um, to me, seems to be unnecessary. It seems like they tried to sanitize it by saying, you know, look, we understand that this donation is going to be necessary with some of the roll back and some of that. Nah, forget that. Because what happened is Target messed around and found out and now they’re trying to clean up their image and they’re writing a big check to the National Baptist Convention. And when you take that check, it affects your credibility.
So, no, I don’t think we should give them a pass. Um, whether that should be an interminable boycott is a different conversation, but I I’m not saying, “Oh, it’s okay because you wrote a big check because you shouldn’t be having to write a big check if you had put your money where your mouth was on your, you know, commitment to DEI.” Yeah.
And we’re going to talk about this with Congressman Jackson later, uh, who’s been working in Congress on dealing some of these DEI issues. Hello, I’m Isaac Hayes the third, founder and CEO of Fanbase.
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