Fri, June 6, 2025
Thu, June 5, 2025
Wed, June 4, 2025
[ Wed, Jun 04th ]: Forbes
Big AI Trends Rock Business
Tue, June 3, 2025
Mon, June 2, 2025
Sun, June 1, 2025
Sat, May 31, 2025
Fri, May 30, 2025
Thu, May 29, 2025
Wed, May 28, 2025
Tue, May 27, 2025
Mon, May 26, 2025
Sun, May 25, 2025
Sat, May 24, 2025
Fri, May 23, 2025

Target missed analysts' sales expectations by nearly half a billion dollars in the aftermath of DEI-related boycotts

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. rs-in-the-aftermath-of-dei-related-boycotts.html
  Print publication without navigation Published in Business and Finance on by Fortune
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
  In-store foot traffic dipped 5.7%, the number of transactions both in-store and online dropped 2.4%, and the amount customers spent decreased 1.4%.

- Click to Lock Slider
Target Corp. reported first-quarter earnings that fell short of Wall Street's expectations, with sales declining due to ongoing boycotts related to the company's diversity, equity, and inclusion (DEI) initiatives. The retailer's revenue dropped by 3.7% year-over-year to $24.53 billion, missing analysts' estimates of $24.75 billion. Same-store sales also decreased by 3.2%, reflecting a challenging consumer environment and backlash from conservative groups over Target's Pride Month merchandise and other DEI efforts. CEO Brian Cornell acknowledged the impact of the boycotts but emphasized the company's commitment to its values, stating that Target would continue to support inclusivity despite the financial hit. The company's stock fell 5% in pre-market trading following the announcement.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/28/target-missed-analysts-sales-expectations-dei-boycotts/ ]