Target shares closed at $163.47 on Aug. 25, down 3.78%, after earlier falling as much as about 5%, as the retailer apologized for and removed its Kids’ Glows Under Blacklight Circus Clown Halloween Costume. Critics said the orange-and-black outfit—with gloves, a top hat and a grinning mask—and a promotional image of a Black child modeling it evoked Jim Crow-era minstrel caricatures. Target called the item offensive, said it should never have been sold, and pledged to review how it reached shelves. The episode lands as CEO Michael Fiddelke’s turnaround has lifted the stock sharply this year after earlier DEI rollbacks and boycotts that organizers say never ended, drawing fresh criticism from pastors, civil-rights activists and retail observers over product controls and diversity commitments.