Target cuts sales outlook as retailer blames tariff uncertainty and backlash to DEI rollback

Target Messed Around And Found Out, Reports 1st Quarter Sales Slump

Source: Gary Hershorn / Getty Who would’ve thought alienating part of your customer base would result in lower sales? Clearly not Target, whose months-long FAFO moment has resulted in a pronounced dip in first-quarter sales.  According to AP, Target reported a 2.8% drop in first-quarter sales compared to last year, earning $23.85 billion. While that’s an ungodly sum of money by any estimation, it fell short of the $24.23 billion Wall Street was …

According to the original report, Target (TGT) shares have seen a small upturn, increasing more than 2% in recent transactions. Despite this increase, the current share price is close to $95, still below the closing of $98 on Tuesday before the company announced its latest financial results. These results initially led the shares to fall below $91, reflecting the instability following the announcement of the reduced sales forecast for the year.

Target sales fall as DEI boycott hits bottom line

Major retailer Target reported that comparable sales — which include in-store and online sales – fell 3.8% in the most recent quarter ending on May 3. The company announced in its earnings report that its total first-quarter revenue came in at $23.8 billion, down from $24.5 billion in 2024 — a 2.8% decline year-over-year. What's causing the sales decline? CEO Brian Cornell cited several factors behind the slump, including reduced spending on non…

Tariffs, Boycotts Slam Target’s Bottom Line

By Stacy M. Brown Black Press USA Senior National Correspondent Target Corporation is projecting a decline in annual sales and profits for 2025 as the retail giant struggles with fallout from its decision to end its diversity, equity, and inclusion (DEI) programs, pressure from new tariffs, and organized boycotts by Black consumers and media. The company reported first-quarter net sales of $23.8 billion, a 2.8% drop from the same period last yea…

Target cuts sales forecast on shopper pullback, tariff hit

Target Corp. cut its sales forecast following a sharp pullback in spending and a hit from tariffs, boycotts and consumer confidence.

Target’s leadership shuffle: Can a new strategy reverse sales slump and DEI backlash?

Good morning. Target is shaking up its leadership team. The retailer continues to experience lagging sales and foot traffic, due in part to consumer pushback following a pullback on some of its DEI initiatives. Michael Fiddelke, chief operating officer (COO) and former CFO, will oversee a new, multi-year “enterprise acceleration office” aimed at removing friction and enabling the team to make faster decisions in support of growth, Target said in…