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Tariff uncertainty, DEI backlash hurt Target’s results. Price increases are ‘the very last resort,’ CEO says.
Target said reaction to the rollback of its diversity, equity and inclusion efforts was a headwind in the first quarter.
Target stumbles as tariffs hit earnings and sales fall amid DEI backlash
Target now expects a “low single-digit [percentage] decline” in sales for the fiscal year; it previously forecast 1 percent ...
Target cuts sales forecast on shopper pullback, tariff hit
The retailer's CEO attributed the results to weakness in discretionary spending, declining consumer confidence, uncertainty ...
Target’s weak results were the quarter’s ‘least-well-kept secret,’ but immediate improvement seems elusive, analysts say
The past few years of cost-of-living increases, which have forced many shoppers to focus on the basics, have shifted that ...
Target Faces Falling Sales This Year as Turnaround Falters
The retailer’s sales fell short of expectations, and it slashed its full-year financial forecast, citing a “challenging” ...
Target Stock Drops After Retailer Flags Waning Consumer Confidence
A handful of retailers, including Walmart, have so far announced plans to raise prices because of tariffs. On Wednesday, ...
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Target: Fiscal Q1 Earnings Snapshot
MINNEAPOLIS — MINNEAPOLIS — Target Corp. (TGT) on Wednesday reported fiscal first-quarter earnings of $1.04 billion. The Minneapolis-based company said it had net income of $2.27 per share. Earnings, ...
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Target's Challenges Escalate Amid Shifting Consumer Landscape and Operational Pressures
Retail giant Target is facing an increasingly complex array of challenges, from slumping sales and shifting consumer spending ...