Target stock tumbles again
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Target reports 7% sales decline after rolling back DEI initiatives, facing community boycotts and advocacy group protests over diversity program cuts.
Target (TGT) continues to feel the impact of several consumer frustrations, which recently contributed to weaker sales. Amid this startling trend, the retailer has conjured up a plan to win back customers.
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Target’s was already facing a very public revolt from some of its most loyal customers. Now it’s warning about tariffs.
Target will report its fiscal first-quarter earnings Wednesday, as the Minneapolis-based cheap chic retailer tries to get back to growth. Here's what Wall Street is expecting for the discounter, according to a survey of analysts by LSEG:
Backlash over diversity policy changes adds pressure In January, Target scaled back several ... Executives admitted that the DEI controversy had a tangible impact on customer behaviour in the ...