Target foot traffic is still down after 3 months in the fallout of dismantling DEI and subsequent boycotts

Target foot traffic is still down after 3 months in the fallout of dismantling DEI and subsequent boycotts

Target’s foot traffic fell for the third consecutive month since it rolled back its diversity, equity, and inclusion (DEI) initiatives, but it ended an 11-week slump with two consecutive weeks of modest gains. Foot traffic was down 3.3% YoY in April, following dips of 6.5% in March and 9% in February, according to data from Placer.ai. The retailer’s weekly slump began in the first full week after its January 24 announcement that it was eliminati…

Unusual Options Activity: Target (TGT)

Retailer Target (TGT) has taken a 40% dive in the past year, amid rising consumer uncertainty and higher tariff rates on imported manufactured goods. One trader sees shares trending higher by the end of next year. That’s based on the January 2027 $85 calls. With 616 days until expiration, 9,500 contracts traded compared to a prior open interest of 340, for a 28-fold rise in volume on the trade. The buyer of the calls paid $23.00 to make the bull…