Target slashes outlook after tariffs, DEI boycotts slam sales: ‘We're not satisfied with these results'

Target lowered its full-year sales forecast after a tough first quarter marked by weak discretionary spending, tariff pressures and fallout from consumer boycotts stemming from its DEI policies.The Minneapolis-based retailer now expects net sales to fall by a low single-digit percentage, abandoning earlier hopes for a modest increase, the company said in in its earnings report Wednesday.Comparable sales dropped 3.8% in the quarter ended May 3, exceeding Wall Street’s expectations for a decline and stoking d ...