Published 3 days ago • loading... • Updated 1 day ago

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.

Insights by Ground AI

Does this summary seem wrong?

44 Articles

All

Left

Center

Right

marketingdive.com

Target’s digital ad unit delivers $2B in value for embattled retailer

Advertisers have flocked to Roundel due to offerings like sponsored product ads placed on Target’s app and website, which saw 35% growth last year.

1 day ago

Read Full Article

Fortune

Target has a plan to add $15 billion to its sales by 2030 but it has plenty of problems to fix to get there

The cheap-chic retailer plans to add $15 billion to its topline.

2 days ago·New York, United States

Read Full Article

The US Sun

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…

2 days ago

Read Full Article

PR Newswire

+8 Reposted by 8 other sources

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...

2 days ago·United States

Read Full Article

Inc.

Target’s Sales Forecast Is Down Thanks to Tariffs and a Customer Spending Slump

CEO Brian Cornell says that tariffs on imports from Mexico, Canada, and China could increase prices “over the next couple of days.”

2 days ago

Read Full Article

Star Tribune

Target stock dips after in-store sales decline

Minneapolis-based retailer sees modest sales growth driven by digital gains in holiday quarter, but has begun to double down on fundamentals to increase loyalty and draw more customers.

2 days ago·Minneapolis, United States

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year