Target cuts sales Outlook
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Target’s was already facing a very public revolt from some of its most loyal customers. Now it’s warning about tariffs.
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Target said reactions to its DEI moves have adversely impacted sales, and protesters say they're not yet satisfied with the company's response.
Target also cut its sales projections and expects a low-single-digit decline for 2025, the Associated Press reported. The company is also setting up a new office let by CFO Michael Fiddelke that is intended "to build more speed and agility into how we operate and position key capabilities to drive long-term profitable growth."
Target and Walmart both faced boycotts over pulling back from their DEI efforts. But Target got the worst of the effects.