The company’s second-quarter sales dropped 5.4%, marking its first dip in six years.
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Former Target exec says Pride 'misstep' partly responsible for recent sales dip: 'Certainly impacted them'Former Target Vice Chairman Gerald Storch explained the Target Corp.'s recent sales drop, saying one contributing factor was its 2023 Pride collection.
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Target posts weak sales in 2Q, hurt by negative reaction to Pride merchandise, inflation.Target has reported weaker-than-expected sales for its the fiscal second quarter. The retailer's results were hit by headwinds including inflation and the widely publicized negative reaction by some customers to its Pride merchandise.
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Target Q2 sales ebb on inflation, Pride month shopper backlash and it cuts profit outlook for 2023Target has reported weaker-than-expected sales for its the fiscal second quarter.
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Target Q2 sales ebb on inflation, Pride month shopper backlash and it cuts profit outlook for 2023Target has reported weaker-than-expected sales for its the fiscal second quarter.
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Target sales ebb after Pride month shopper backlash and the company cuts profit outlook for 2023The retailer expects high interest rates, which makes credit cards more expensive to use, and higher prices on food to keep putting a strain on customers.
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Target sees profit boost on fewer discounts, Pride backlash hurts salesTarget cut its full-year sales and profit expectations even as its quarterly profit exceeded Wall Street estimates on Wednesday, benefiting from fewer discounts and better stocked store shelves.
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