The retailer's CEO attributed the results to weakness in discretionary spending, declining consumer confidence, uncertainty over tariffs, and shopper backlash against the company’s decision to halt diversity initiatives.

Target shares sank 7% Wednesday morning after the retail giant lowered its full-year sales projection following mixed first-quarter results.

Target Corporation faces declining sales, weak traffic, and margin pressures despite a 4.5% dividend yield. Click for my TGT earnings review and look at value.

Target's sales fell more than the Minneapolis-based retailer expected they would in the first quarter, and the company is warning they will slip for the rest of the year as shoppers limit spending.

MINNEAPOLIS — Target Corp. executives expect to blunt the “vast majority” of the cost impact from tariffs but haven’t ruled out the possibility of price increases, which chairman and chief executive officer Brian Cornell called a strategy of “last resort.”

Q1 results, an analyst from Telsey Advisory downgraded his rating on the shares to Market Perform from Outperform and reduced the price target to $110, down from

A boycott launched by Target shoppers unhappy with its DEI retreat has added to the retailer's sales headaches, prompting CEO Brian Cornell to announce sweeping changes Wednesday.

The TJX Companies, which also owns Marshalls and HomeGoods, maintained the same full-year outlook it released last quarter.