Reported 2 days ago
Target has reported a larger-than-expected sales drop of 2.8% in the first quarter of 2025 and anticipates a continued decline throughout the year, attributing this to economic concerns, customer boycotts, and reduced diversity initiatives. The retailer plans to establish a new office geared towards accelerating decision-making and enhancing sales growth, while also introducing more budget-friendly products to attract cost-conscious shoppers. Amidst these challenges, Target's market share is weakening in various categories, prompting urgency for changes to revive its price-conscious brand image.
Source: YAHOO