Target, sales and DEI
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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.
Wall Street retreats as Target reports falling sales and issues tepid forecast due to tariff worries
Wall Street futures headed lower after a major U.S. retailer blamed its grim forecast on tariff concerns and oil prices rose.
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Several companies have pulled their full-year outlooks for 2025, with many citing market uncertainty exacerbated by Trump’s tariffs.
Target slashed its annual sales forecast on Wednesday after posting a sharp decline in quarterly same-store sales, attributing the declines to weakened consumer confidence and a pullback in discretionary spending due to U.
Target executives said consumers are still being careful what they spend, resulting in a nearly 4% comparable sales decline for the February-April period. More, the Minneapolis-based retailer predicts sales will be down mid-single digits for the year.
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Target Corp. cut its sales forecast following a weaker-than-expected quarter — the latest sign the big-box retailer’s plans to recapture growth are faltering.