Discount store chain Target says it's joining rival Walmart and a number of other prominent American brands in scaling back corporate diversity, equity and inclusion initiatives.

Target is ending its DEI program this year, the latest corporation to step away from such policies in the face of scrutiny from conservative groups.

Target is ending its diversity, equity and inclusion program this year, the retailer said on Friday, becoming the latest U.S. firm to step away from such policies in the face of severe scrutiny from conservative groups.

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 shareholders overwhelmingly rejected a proposal that called for assessing the risk of keeping its diversity, equity and inclusion (DEI) programs in place.

Costco shareholders overwhelmingly voted against a proposal that the company characterized as a way to undermine DEI policies.