| Company | Score | Grade |
| Wal-Mart Stores, Inc. | 2.67 | C+ |
| Federated Dept. Stores | 2.42 | C |
| Nordstrom, Inc. | 1.79 | C- |
| J.C. Penney Company, Inc. | 1.63 | D+ |
| Saks, Inc. | 1.16 | D |
| Sears Holding Corp. | 0.00 | F |
| Dillard's, Inc. | 0.00 | F |
| Kohl's Dept. Stores | 0.00 | F |
| Target | 0.00 | F |
Major retailers in the general merchandising category slipped a bit over last year to obtain a C- rating overall. They had a C last year, which was much better than their first grade of D in 2003. Individually, Wal-Mart Stores Inc, received a C+, Federated Department Stores got a C and Nordstrom, Inc. a C-. J.C. Penney Company, Inc. recorded a D+ and Saks, Inc. received a D. Sears Holdings Corp., Dillard's Inc., Kohl's Department Stores and Target all earned Fs by refusing to respond to the survey.
Of the five companies that responded to the survey, all had African American representation on their boards of directors—and two (J.C. Penney and Wal-Mart) had more than one black seated. However, employment here remains average.
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