Target warns February sales were soft, adding to concerns about consumer health
- Target's sales and profits decreased during the holiday quarter, with net income at $1.1 billion, surpassing Wall Street's expectations, according to FactSet.
- February sales were described as 'soft' due to cold weather, leading to Target's prediction of only 1% sales growth for the year.
- Jim Lee, Target's chief financial officer, noted that declining consumer confidence impacted their discretionary assortment overall.
- Target reported that tariffs and declining consumer confidence are pressuring its profits.
44 Articles
44 Articles
Target reveals plans to fix wait times at self-checkout after outrage
TARGET has finally revealed plans to fix the wait times at their self-checkouts following outrage from customers over the lengthy delays. The Chief Financial Officer (CFO) of the company has come forward and promised that you’re checkout times will be quicker in 2025. GettyThe Chief Financial Officer (CFO) of the company has come forward and promised that you’re checkout times will be quicker in 2025[/caption] Michael Fiddelke, CFO of Target, sa…

Target Announces Strategic Plans to Drive More Than $15 Billion in Sales Growth by 2030
/PRNewswire/ -- At its financial community meeting today, Target Corporation (NYSE: TGT) outlined how ongoing investments will aim to accelerate its strategy...
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