11:46 AM EST, 11/26/2024 (MT Newswires) -- (Updates to include a statement from a Walmart ( WMT ) spokesperson in the last paragraph.)

Walmart ( WMT ) is scaling back diversity, equity, and inclusion efforts, Bloomberg reported Monday, citing a company spokesman.

The retailer will no longer consider race or gender when granting supplier contracts, stop using the term "DEI" in official communications, curb racial sensitivity training for staff, stop participating in rankings by an LGBTQ advocacy, and review support for Pride events, the report said.

The changes were made public after anti-diversity activist Robby Starbuck threatened Walmart ( WMT ) with a boycott campaign before the Black Friday shopping surge, the report said.

A Walmart ( WMT ) spokesperson told MT Newswires that the company intends to "foster a sense of belonging, to open doors to opportunities for all our associates, customers and suppliers," without confirming any of the reported changes.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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