Author: Daniel snow

People shop at a Target store on April 02, 2025 in the Flatbush neighborhood of the Brooklyn borough in New York City. Michael M. Santiago | Getty ImagesTarget on Wednesday cut its full-year sales outlook, as executives said weaker discretionary spending, consumer uncertainty about tariffs and backlash to the company’s rollback of key diversity, equity and inclusion efforts hurt its business. First-quarter sales missed Wall Street’s expectations and fell nearly 3% compared to the year-ago period. Transactions across Target’s stores and website dipped by 2.4%. And the average amount customers spent during their online and in-store visits decreased by 1.4%.Target’s weak performance…

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A worker collects shopping carts at a Lowe’s home improvement store on Feb. 26, 2025 in Chicago, Illinois.Scott Olson | Getty ImagesLowe’s on Wednesday stood by its full-year forecast, despite reporting quarterly sales that fell just short of Wall Street’s expectations.In the company’s news release, CEO Marvin Ellison said investments in its stores, technology and customer service has helped the home improvement retailer get through “near-term uncertainty and housing market headwinds.”Lowe’s said it expects full-year total sales to range from $83.5 billion to $84.5 billion, which on the upper end would be higher than its total revenue of $83.67 billion…

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