THE top boss of Target has issued a blunt three-word warning to shoppers regarding price increases as economic uncertainty weighs down on the retail giant.
At the chain’s first quarter earnings call on Wednesday morning, the Target CEO’s straightforward message came amid news of the retailer’s expansion plans for 2025.
Target CEO Brian Cornell discussed future price increases at the company’s first quarter earnings callTarget is one of the largest retailers in the country, raking in approximately $105.8 billion in sales in 2023.
Despite its leading position in the industry, the prominent retailer has faced headwinds in the current economic environment, experiencing a notable performance decline in the first quarter.
Target’s business results were negatively impacted by the tariffs, executives revealed on the Wednesday call, seeing a drop in both sales and foot traffic.
As a result of the trade war and subsequent rising operational costs, the executives warned shoppers of future price increases.
More to follow… For the latest news on this story, keep checking back at The U.S. Sun, your go-to destination for the best celebrity news, sports news, real-life stories, jaw-dropping pictures, and must-see videos.
Like us on Facebook at TheSunUS and follow us on X at @TheUSSun
Read More Details
Finally We wish PressBee provided you with enough information of ( Target CEO’s blunt 3-word warning on price increases as chain reveals plans to open 20 new stores )
Also on site :