Target cuts annual sales forecast due to tariff pressure and slowing demand. Shares fall 4.2% amid weak consumer confidence and discretionary spending pullback.

Target slashed its annual sales forecast on Wednesday after posting a sharp fall in quarterly same-store sales, ... Several U.S. companies have either withdrawn, cut or withheld forecasts, ...

Target has cut its annual sales forecast today after posting a sharp fall in quarterly same-store sales, attributing the declines to weakened consumer confidence and a pullback in discretionary ...