@TheAdvocate4q66
"Sales at Target stores that have been open at least a year were down 3.8 percent in the first quarter of 2025 compared with the same period last year, multiple media outlets report.
“Fewer customers visited Target and spent less when they shopped,” CNN notes. “Target also cut its financial outlook, a sign Target’s problems won’t go away quickly. The company expects sales to decline by low single-digits this year.”
“We faced several additional headwinds this quarter, including five consecutive months of declining consumer confidence, uncertainty regarding the impact of potential tariffs, and the reaction to the updates we shared on [DEI] in January,” CEO Brian Cornell told analysts in a Wednesday conference call."
#Target #DEI
https://www.advocate.com/news/ditching-dei-hurt-target-sales