Reported about 4 hours ago
Target has updated its forecast for full-year comparable sales to below expectations, citing the impact of new tariffs and cautious consumer spending as contributing factors to anticipated profit declines in the first quarter. The company's earnings fell significantly despite a 1.5% rise in comparable sales in its latest quarter, with challenges particularly affecting non-essential categories. Consumer concerns over tariffs and the recent termination of diversity initiatives have resulted in decreased foot traffic and spending at Target stores.
Source: YAHOO