Target Cuts Outlook On Shopper Pullback
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Target warned sales will slip as consumers, worried over the impact of tariffs, pull back on spending. Target also faces boycotts over its reversals of some DEI efforts.
When a company wins a cute nickname from its customers, it’s usually a sign something is going right. That was true for Target, the US retailer of trendy but affordable fashion and home goods widely known by the faux French moniker “Tar-zhay”. But in these unsentimental times, investors are focused on targets of a more prosaic kind.
Target CEO Brian Cornell on Wednesday warned ... a University of Michigan survey showed. The pullback in shopper sentiment owes in part to inflation fears and recession warnings set off by ...