Target's CEO Brian Cornell warns of potential price hikes due to tariffs, citing a challenging retail environment and declining consumer confidence. Sales dropped 2.8% last quarter, prompting concerns over future performance.
Retail leaders like Walmart and Delta Airlines are sounding alarms as consumer confidence dips, raising concerns about spending and economic stability. As tariffs and inflation weigh heavy, what does this mean for the future?
Target reports a worrying decline in consumer confidence and sales, expecting only 1% growth this year. Cold weather and tariff uncertainties add to the challenges, yet investors remain optimistic.
