Target has long inspired a particular kind of loyalty. It literally sells its own merch. For many shoppers, the retailer offers more than a place to pick up toilet paper and pet food: It’s where they grab Starbucks and get lost in discovering new beauty brands, finding affordable fashion and seeing both their taste and values reflected on the shelves. But the retailer’s relationship with some of its customers has grown more complicated in recent years, particularly as it has faced backlash over its LGBTQ+ Pride merchandise — or lack thereof — and, more recently, its decision to scale back several formal diversity, equity and inclusion initiatives. In February 2026, Target’s new CEO Michael Fiddelke shared his vision for a fresh start, promising a merchandise makeover that includes a new beauty section (and food and other major categories). In an interview with AP , he was asked whether the boycotts over DEI changes affected sales. He adm...
These are the stories making headlines in fashion on Friday. Kering Shares Fall 12% on Sales Drop Shares in Gucci owner Kering fell 12% Friday, as the company said it would continue its turnaround plan and speed up store closures. Gucci sales fell 6% in the third quarter. The larger luxury market is still struggling, as Hermès posted its weakest quarterly sales growth since 2020 and shares in LVMH slipped as oil prices rose and Chinese demand stayed weak. { Reuters /paywalled} Gap Inc. To Receive Innovation Award Gap Inc. will receive the fifth annual Innovation Award presented by Amazon Fashion at the CFDA Fashion Awards on Nov. 2 at the American Museum of Natural History. CEO Richard Dickson and Creative Director Zac Posen will accept the award, which recognizes Gap Inc.’s innovation across product, branding and storytelling. Amazon Fashion cited Gap Inc.’s influence on American style and its recent collaborations, including Gap with Hailey Bieber, Old...