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Target cuts annual forecast as tariff pressure mounts, shares fall
STORY: Shares of Target fell as much as eight percent Wednesday morning after the retailer slashed its annual sales forecast and posted a sharp drop in quarterly same-store sales.Target attributed its weak performance to plunging consumer confidence and a pullback in discretionary spending due to U.
The discounter announced on Wednesday that sales fell more than expected in the first quarter, and the retailer warned they ...
Wall Street’s enthusiasm for Target Corp. is at its lowest in more than six years, as disappointing earnings from the big-box ...
A handful of retailers, including Walmart, have so far announced plans to raise prices because of tariffs. On Wednesday, ...
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