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Target cuts annual forecast as tariff pressure mounts, shares fall
STORY: Shares of Target fell as much as eight percent Wednesday morning after the retailer slashed its annual sales forecast and posted a sharp drop in quarterly same-store sales.Target attributed its weak performance to plunging consumer confidence and a pullback in discretionary spending due to U.
The discounter announced on Wednesday that sales fell more than expected in the first quarter, and the retailer warned they ...
Languages: English. Target has reduced its full-year sales forecast, with its CEO signaling price rises over tariffs have not been ruled out and blaming declining sales in part on backlash to ...
The retailer posted weaker-than-expected sales and cut its annual forecast, citing uncertainty around tariffs and consumer demand. Shares fell ab ...
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