Target sales fall sharply in 1st quarter and retailer warns they will slip for all of 2025
News Source : WDIV ClickOnDetroit
News Summary
- Quarterly sales fell 2
- 8% from last year to $23
- 85 billion, and that was short of the $24
- 23 billion Wall Street expected
- Target earned $1
- 04 billion, or $2
- 27 per share, for the period ended May 3
- Shares fell 3
- 5% in midday trading Wednesday
NEW YORK Sales at Target fell more than expected in the first quarter and the retailer warned they will slip for all of 2025 year as its customers, worried over the impact of tariffs and the economy, [+5335 chars]
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