Target, one of the nation's largest retailers, on Wednesday reported weaker sales for the first quarter and warned of a potential downdraft over the rest of the year as Americans react to U.S. tariffs by pulling back on consumption.

Target reported a nearly 3 percent sales drop in the fiscal first quarter compared to the previous year, with comparable sales down 3.8 percent. Transactions at Target stores and online fell 2.4 percent and the average spend per visit decreased 1.4 percent.

Home improvement retailer Lowe’s posted a smaller-than-expected drop in first-quarter sales on Wednesday and said it plans to keep its pricing competitive, without ruling out the

Investors called upon Porsche CEO Oliver Blume, who also heads parent company Volkswagen, to drop one of his roles on Wednesday as weakness in China and tariff-related challenges in the United States have forced the sportscar maker to cut its outlook.

The world's second-largest luxury brand saw its revenue fall by 4.3% in 2024. CEO Leena Nair announces the opening of 48 new boutiques in 2025.

A handful of retailers, including Walmart, have so far announced plans to raise prices because of tariffs. On Wednesday, Target said it aims to keep [price rises as small as possible](

Shares of Target (TGT) are selling at a bit of a discount—but that discount is shrinking. The retailer’s stock was up more than 2% in recent trading. At its current level near $95, Target is still below the price just above $98 at which it closed Tuesday before reporting its latest financial results—but also substantially off the sub-$91 lows it