Reported about 20 hours ago
Target is grappling with a significant decline in sales, partially driven by backlash against its reversal of diversity, equity, and inclusion initiatives. The company has cut its financial outlook and established a new office to accelerate growth amid uncertainties regarding tariffs imposed by the Trump administration. Alongside declining consumer confidence, Target faces boycotts over its DEI changes, particularly from loyal customers who feel betrayed. With over half of its merchandise being nonessential and a significant portion imported from abroad, Target is at risk of further financial strain.
Source: YAHOO