Target Warns Of Lower Sales In 2025—Blaming Tariffs And DEI Rollback Backlash
ToplineTarget on Wednesday reported first-quarter sales and revenue that fell well below expectations, as executives warned the retailer’s sales will likely decline in 2025, citing boycotts after the company scaled back diversity, equity and inclusion efforts and as consumers—facing uncertainty with tariffs—retreat on spending.The retailer announced earlier this year it would phase out long-term diversity, equity and ... More inclusion goals after a conservative-led backlash.AFP via Getty ImagesKey FactsTar ...