Target Says Tariffs And DEI Backlash Will Hurt Sales:
The retailer announced earlier this year it would phase out long-term diversity, equity and inclusion goals ...
forbes.com/sites/tylerroush/2025/05/21/target-warns-of-lower-sales-in-2025-blaming-tariffs-and-dei-rollback-backlash/
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Target Cuts Sales Outlook, Cites DEI Backlash and Tariff Uncertainty: The retailer fell nine places in an annual poll ranking consumer trust in brands.
newsweek.com/target-cuts-sales-outlook-dei-backlash-tariff-uncertainty-2075260
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Target Says Tariffs And DEI Backlash Will Hurt Sales: The retailer announced earlier this year it would phase out long-term diversity, equity and inclusion goals ...
forbes.com/sites/tylerroush/2025/05/21/target-warns-of-lower-sales-in-2025-blaming-tariffs-and-dei-rollback-backlash/
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Key FactsTarget Faces Sales Decline Amid Boycotts and Economic Worries
May 21, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: apnews.com
Summary created with AI assistance · Source: apnews.com
- Target’s first-quarter sales fell 2.8% to $23.85 billion, with a forecast for a low-single-digit sales decline in 2025.
- The company experienced damage from customer boycotts and backlash after scaling back diversity initiatives and reducing LGBTQ+ merchandise in mid-2023.
- Online sales rose 4.7%, but total transactions decreased by 2.4%, with average ticket size dropping 1.4%.
- To counteract economic concerns, Target is introducing 10,000 new products priced as low as $1 and restructuring leadership to accelerate growth.
I want to be clear, we’re not satisfied with these results, so we’re moving with urgency to navigate through this period of volatility ... We’ve got to drive traffic back into our stores or visits to our site.— Brian Cornell, CEO of Target, during a call with reporters.
Target cuts sales outlook as retailer blames tariff uncertainty and backlash to DEI rollback
cnbc.com/2025/05/21/target-tgt-q1-2025-earnings.html
Target Says Sales Fell Short In a ‘Challenging’ Economy: The retailer’s sales fell short of expectations, and it slashed its full-year financial forecast ...
nytimes.com/2025/05/21/business/target-retail-tariffs-walmart-home-depot.html
Another Target Boycott Called This Sunday To Honor George Floyd In Prayerful Protests
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