Target reported that its sales decreased during the first quarter of 2025.
The goal is the latest retailer that calculates the possible damage account that has occurred to its business by President Donald Trump’s definition policies, and to warn of the high prices of the coming in the near future.
The company, one of the largest reduced store chains in the United States, A profit call was held on May 21 Where I reported some numbers of the first quarter of the stars. The total sales of the target decreased by almost 3 % during the first three months of 2025, compared to the same time frame last year. The number of transactions, in the store and online, decreased by 2.4 %, while customers also spent 1.4 %.
Chief Executive Brian Cornell said that the uncertainty about Trump’s tariff was one of the reasons why customers suffer from spending, even with no feeling of the full effects of these import taxes for a short period. He also admitted the reactions consumed to target contact with their diversity, stock and inclusive rights – in line with Trump’s executive order targeting such programs – as another reason.
Rick Gomez, chief commercial official, said that high prices in the future are only one of the options that the company considers to deal with customs tariff shocks. He stressed that this was the option of “last resort”, adding that the goal could also negotiate new deals with sellers or change the schedule that IT products require.
“We have many lesions to use to reduce the effects of definitions and the price is very last resort,” said Gomez.
During her last profit call, Walmart warned that high prices on things such as games, technology and food were inevitable and are likely to be implemented by summer. Trump routinely criticized the companies that blame the customs tariff for high prices, especially the Amazon follow -up for rumors that it will begin to include the effects of tariffs in their prices. After Trump’s response, the company claimed that this was never its plan.
