Costco rejected a bid to have their DEI policies investigated for risk Friday, but conservative activists say the fight is just beginning.
Rev. Al Sharpton hosted a rally in-front of a Costco in Harlem to support the wholesaler's decision to standby their diversity, equity, and inclusion policies.
Costco shareholders voted strongly against a proposal requesting a report on the risks of maintaining its diversity and inclusion initiatives, the U.S. company said on Thursday, sending a message running counter to the intense scrutiny many such corporate policies face.
There's a simple explanation why Costco has delivered such impressive returns: Its business is booming. Costco reported year-over-year revenue growth of 7.5% in its fiscal 2025 first quarter, which ended on Nov. 24, 2024. The discount chain's profits jumped 13.2% year over year.
Discount store chain Target said it would join rival Walmart and a number of other prominent American brands in scaling back diversity, equity and inclusion initiatives while Costco shareholders
Costco's shareholders overwhelmingly rejected a proposal that called for assessing the risk of keeping its diversity, equity and inclusion (DEI) programs in place.
Costco shareholders rejected a proposal urging the wholesale club operator to evaluate any risks posed by its diversity, equity and inclusion practices. According to preliminary results shared by Costco executives at its annual meeting Thursday, more than 98% of shares voted against the proposal.
Costco's public support of DEI programs contrasts with positions taken in recent months by other big U.S. brands
Costco's CEO said crowded parking lots are a key concern for the company and sometimes lead to the opening of an additional warehouse nearby.
As anti-DEI directives are spilling out of the White House from the Trump Administration, Costco's shareholders voted decisively to reject a conservative proposal.
Costco Wholesale shareholders voted strongly against a proposal requesting a report on the risks of maintaining its diversity and inclusion initiatives, the U.S. company said on Thursday, sending a message running counter to the intense scrutiny many such corporate policies face.