Target, DEI and Sales
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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 sales plunged in the first quarter amid concerns about Trump's tariffs, inflation and backlash to its pull back on DEI
Target shares sank 7% Wednesday morning after the retail giant lowered its full-year sales projection following mixed first-quarter results.
The retailer’s sales fell short of expectations, and it slashed its full-year financial forecast, citing a “challenging” economy and backlash over its pullback from diversity policies.
President Donald Trump's tariffs are widening the gap between market-leader Walmart and Target, the companies' latest quarterly reports show, underscoring missteps at the smaller U.S. retailer amid economic uncertainty.
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1don MSN
Wall Street futures headed lower after a major U.S. retailer blamed its grim forecast on tariff concerns and oil prices rose.
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.
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.