Target Warns Of Lower Sales In 2025—Blaming Tariffs And DEI Rollback Backlash
1. Target's Q1 sales fell 2.8%, missing analyst expectations. 2. Lowered sales and earnings projections for fiscal year 2025 anticipated. 3. Backlash on diversity efforts contributed to poorer sales performance. 4. Stock price dropped nearly 7% amid declining consumer spending. 5. General market uncertainty regarding tariffs affects retail sector negatively.