The retail giant Target continues to wander in troubled territory.
In an earnings call today, CEO Brian Cornell told investors that the company has suffered declines in sales, partly because consumers are spending less on discretionary goods amid uncertainty over tariffs, but also because of “headwinds” caused by a customer boycott of its January decision to roll back DEI initiatives. Target saw its total sales drop by nearly 3%, while comparable sales fell 3.8%. And like many other companies, the retailer lowered sales guidance for the year, citing tariff costs.
