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Target reports dismal earnings amid DEI ‘headwinds’ and says two C-suite women leaders are on the way out
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,
Tariff uncertainty, DEI backlash hurt Target’s results. Price increases are ‘the very last resort,’ CEO says.
Target said reaction to the rollback of its diversity, equity and inclusion efforts was a headwind in the first quarter.
Ailing Target Boots Legal Chief Amy Tu After Just 9 Months
A boycott launched by Target shoppers unhappy with its DEI retreat has added to the retailer's sales headaches, prompting CEO Brian Cornell to announce sweeping changes Wednesday.
Tariffs, DEI backlash take toll on Target’s Q1 earnings
The company cut its guidance for sales and earnings and now expects a low, single-digit decline in sales, down from a previous growth projection of 1 percent, and GAAP earnings-per-share of $8 to $10, down from its previous guidance of $8.80 to $9.80.
Target cuts sales outlook as retailer blames tariff uncertainty and backlash to DEI rollback
Target will report its fiscal first-quarter earnings Wednesday, as the Minneapolis-based cheap chic retailer tries to get back to growth. Here's what Wall Street is expecting for the discounter, according to a survey of analysts by LSEG:
Target sales plummet amid tariffs, inflation and boycotts
Target sales plunged in the first quarter amid concerns about Trump's tariffs, inflation and backlash to its pull back on DEI
New York Post1d
Target slashes outlook after tariffs, DEI boycotts slam sales: ‘We’re not satisfied with these results’
and the reaction to the updates we shared on [DEI] in January,” Target CEO Brian Cornell told analysts on an earnings calls. “I want to be clear that we’re not satisfied with these results, ...
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