Target cuts sales outlook as retailer blames tariff uncertainty and backlash to DEI rollback

Target cuts sales outlook as retailer blames tariff uncertainty and backlash to DEI rollback

Target on Wednesday cut its full-year sales outlook, as executives said weaker discretionary spending, consumer uncertainty about tariffs, and backlash to the company’s rollback of key diversity, equity and inclusion efforts hurt its business.  First-quarter earnings and revenue missed Wall Street’s expectations as sales fell nearly 3% compared with the year-ago period. Transactions across …

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