arguing that Costco’s DEI initiatives hold “litigation, reputational and financial risks to the company, and therefore financial risks to shareholders.” Costco’s board of directors voted ...

Despite boycott threats from conservatives, Costco reported that net sales for April were up 7% from last year.

A day before Target became the latest company to cave under right-wing pressure to scrap its DEI initiatives, Costco’s shareholders on Thursday voted overwhelmingly to double down on theirs.

Forbes contributors publish independent expert analyses and insights. Pam Danziger reports on retail, focused on the luxury consumer market. Costco Wholesale faces an upcoming proxy battle brought ...

Giulia Carbonaro is a Newsweek reporter based in London, U.K. Her focus is on the U.S. economy, housing market, property insurance market, local and national politics. She has previously ...

After announcing a rollback of DEI initiatives, a boycott of the retailer has led to a decline in sales and foot traffic.

In the past four weeks, Costco, which has embraced DEI initiatives, GAINED 7 million shoppers. Target, which got rid of DEI, LOST 5 million shoppers. That's the power we have as consumers.

Levi Strauss (NYSE:LEVI) shareholders overwhelmingly rejected a proposal to end the company's DEI initiatives, according to a recent filing. The vote comes as major U.S. firms scale back diversity ...