Target, DEI and sales
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A boycott launched by Target shoppers unhappy with its DEI retreat has added to the retailer's sales headaches, prompting CEO Brian Cornell to announce sweeping changes Wednesday.
The retail giant Target continues to wander in troubled territory.
Target shares sank 7% Wednesday morning after the retail giant lowered its full-year sales projection following mixed first-quarter results.
We’re constantly adjusting pricing,” Target CEO Brian Cornell said during an earnings call on Wednesday, as reported by CNBC. “Some are going up, some will be reduced, but that’s an ongoing effort that takes place each and every day.
Q1 2025 Management View Brian Cornell, CEO, stated that "our team and our business faced an exceptionally challenging environment that affected our performance with declines in both traffic and sales,
CEO Brian Cornell said a number of factors led to a sharp sales decline in the first quarter, including a boycott led by Black leaders.