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Target executives did not say whether they would raise prices due to tariffs when asked about that on a call with reporters, stating only that it continuously adjusts pricing

Target cuts annual forecasts as tariff pressure mounts

Target has cut its annual sales forecast today after posting a sharp fall in quarterly same-store sales, attributing the declines to weakened consumer confidence and a pullback in discretionary spending due to US President Donald Trump's tariff war.

Business • 21 May

US retailer Target said it is now expecting flat comparable sales in the fourth quarter and a profit of $1.85 to $2.45 per share

Target shares fall as retailer expects stagnant Q4 sales

Target has forecast final-quarter comparable sales and profit below estimates as value-conscious consumers shopped for low-priced essentials at rival retailers including Walmart, sending its shares tumbling 18% in early trading.

Business • 20 Nov 24

Target shares have lost more than 40% of its value since touching an all-time high in November 2021

Target issues weak forecast as shoppers pull back

Target has today said it expects consumer caution to persist after it reported quarterly earnings that missed Wall Street estimates and issued a forecast for the current quarter that was also largely below expectations.

Business • 22 May 24

arget's stock has lost a quarter of its value in a turbulent year marked by elevated inflation

Target beats profit forecasts on inventory drawdown

Target has today forecast holiday-quarter profit largely above Wall Street expectations as the big-box retailer benefits from easing supply-chain costs and its efforts to control inventory start to pay off.

Business • 15 Nov 23

Target said it benefitted from fewer discounts and better stocked store shelves in the second quarter of 2023

Target sees profit boost on fewer discounts

Target has today cut its full-year sales and profit expectations even as its quarterly profit exceeded Wall Street estimates, benefiting from fewer discounts and better stocked store shelves.

Business • 16 Aug 23

US retailers including Target and Best Buy Co cut their profitability forecasts in recent weeks as consumers squeezed by higher prices curtailed spending on items like apparel and electronics.

Target profit slumps as discounts fail to spur spending

Target reported a 90% fall in quarterly earnings and missed comparable sales estimates today as its inflation-hit customers reined in spending on discretionary goods despite higher discounts.

Business • 17 Aug 22

Targets shares tumbled 24% after its bleak results today

Target profit halves as rising costs hit margins

Target's quarterly profit halved and it warned of a bigger margin hit today due to rising fuel and freight costs, in a clear sign there would be no immediate relief for US retailers from surging inflation.

Business • 18 May 22

The Hut Group owns retail brands such as Lookfantastic and skin care group ESPA

UK's Hut Group to buy online retailer Dermstore

E-commerce company Hut Group said today it would buy Dermstore, an online retailer owned by Target, for $350m in cash as it looks to bolster the presence of its beauty brands in the US market.

Business • 29 Dec 20

Target said its total revenue rose 24.7% to $22.98 billion in the second quarter

Target sales growth hits record on delivery demand

Target posted its best quarterly comparable sales growth and online revenue that nearly tripled as shoppers lapped up videogames, kitchenware and clothes during the pandemic using its same-day delivery services.

Business • 19 Aug 20

Shares at Macy's tumbled 16% after today's trading update

Macy's shares sink after it trims sales forecast

Macy's has today cut its comparable sales forecast for the Christmas quarter while year-end sales growth at rival Kohl's Corp disappointed investors.

Business • 10 Jan 19

Both Target and Walmart pulled the toys when they were notified of the safety issues

NY sues Walmart, Target for selling toys with lead

New York state authorities have announced a lawsuit against retail giants Walmart and Target for selling Chinese-made toys that had up to 10 times the legal limit of lead.

US • 13 Dec 18

John Stumpf's fall from grace started with a $185m regulatory settlement for Wells Fargo

Stumpf resigns from Chevron, Target boards

John Stumpf resigned from the boards of Chevron and Target a week after he quit Wells Fargo & Co as chief executive bowing to pressure over its sales tactics.

Business • 19 Oct 16

The breach includes names, mailing addresses, phone numbers or email addresses for up to 70 million people, Target said

Data breach at US retailer affected 70m customers

Giant US retailer Target has said its recent data breach affected about 70 million customers, more than it initially estimated, and that the hacking incident had hit December sales.

Business • 10 Jan 14

Target