Target's recent sales significantly decreased due to a challenging economic environment and increased import tariffs imposed by the Trump administration.
These tariffs, impacting many imported goods, caused a substantial 5.7% sales slump in the months leading up to May.
Adding to their financial difficulties, Target faced a consumer backlash following their decision to end diversity, equity, and inclusion initiatives.
Despite the challenges, Target's CEO remains optimistic, focusing on sourcing more domestic products to mitigate the price increases.
