From Yahoo Finance: 2025-05-21 06:39:00

Target’s first-quarter sales fell more than expected as consumers worry about tariffs impact on spending. Sales dropped 2.8% to $23.85 billion, below Wall Street expectations. Target predicts a low-single digit sales decline for 2025. Comparable sales fell 3.8%, with a 5.7% drop in store sales. Target plans to focus on customers nervous about the economy, offering new items starting at $1. Target CEO is not satisfied with results and aims to drive traffic back into stores. Target faces boycotts over diversity, equity, and inclusion reversals. Target earned $1.04 billion in the first quarter. Target operates nearly 2,000 stores nationwide and employs over 400,000 people.

Read more: Target sales fall sharply in 1st quarter and retailer warns they will slip for all of 2025