Target warns of tariff impact
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Target said reactions to its DEI moves have adversely impacted sales, and protesters say they're not yet satisfied with the company's response.
Target slashed its annual sales forecast on Wednesday, after a surprisingly sharp fall in quarterly same-store sales, as customers pulled back on discretionary purchases due to ongoing worries about inflation and the economy due to U.
We’re constantly adjusting pricing,” Target CEO Brian Cornell said during an earnings call on Wednesday, as reported by CNBC. “Some are going up, some will be reduced, but that’s an ongoing effort that takes place each and every day.
A handful of retailers, including Walmart, have so far announced plans to raise prices because of tariffs. On Wednesday, Target said it aims to keep [price rises as small as possible](
UK Deputy Prime Minister Angela Rayner gave a rousing speech at the UKREiiF property conference in Leeds, with her promise to “get Britain building again” drawing rapturous applause from the developers gathered at the annual event.
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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 weighs in on how tariffs will impact prices after Home Depot and Walmart took opposite approaches. Rising bond yields are creating more headwinds for U.S. stocks. FOX Business is providing real-time updates on the markets,