Target has reduced its financial outlook for the year, citing weaker-than-expected earnings due to tariffs and customer pullback. The retail chain is struggling with the impact of fast-changing trade policies and a backlash from customers who are opposing the company’s decision to end certain diversity, equity and inclusion programs. This shift in focus puts pressure on Target as it navigates a challenging economic environment.
Source: https://www.washingtonpost.com/business/2025/05/21/target-earnings-foot-traffic-tariffs-dei