Target apologizes for 'offensive' Halloween costume after backlash

Target has issued a formal apology following significant backlash over an offensive Halloween costume. The controversy surrounding the product led to a decline in Target shares, as reported by Reuters. The company faced widespread criticism for the costume's design, prompting the official apology to address the public outcry. This incident highlights the immediate financial impact and reputational damage that can occur when retail merchandise is perceived as offensive by consumers during the holiday shopping season.