Behind the cut in performance outlook of the American retail giant Target (TGT.US.): impact of tariffs, weak consumption, and diversification controversy.
According to the Wisdom Financial APP, US retail giant Target Corporation (TGT.US) has lowered its sales forecast after experiencing a weak performance quarter - this major retail chain is once again frustrated in its efforts to regain growth. The retail giant now expects a low single-digit decrease in net sales for the year, lower than the previous outlook of "approximately 1% growth", mainly due to significantly reduced consumer spending, tariffs, resistance to diversification-related consumption, and consumer confidence being affected.
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