Target reveals astonishing scale of sales decline after controversial DEI stance

Sales at Target fell more than expected in the first quarter as the retailer faced boycotts for ditching its DEI efforts and felt the impact of President Trump's tariffs. Target cut its forecast for the rest of the year warning that sales would slip further as its customers pulled back on spending amid an uncertain economic environment. Earlier this year the company conceded to the Trump administrations attacks on diversity, equity and inclusion (DEI) initiatives by scaling back its own efforts. However, the retreat created a fierce customer backlash leading to store boycotts that further damaged sales. Sales for the...