Target's Sales Plummet: CEO Sounds Alarm, Announces Urgent Measures

Target Corporation reports disappointing Q1 2025 earnings, falling short of Wall Street expectations. Sales dropped 2.8% to $23.85 billion, a significant decrease compared to the same period last year. CEO Brian Cornell expressed concern and outlined plans to reverse the trend. "I want to be clear," Cornell told reporters, "we're not satisfied with these results, so we're moving with urgency to navigate this period of volatility." The decline reflects a challenging economic climate and decreased consumer confidence. Analysts are closely watching Target's strategies to regain market share and improve performance in the coming quarters. The company's response will be crucial in determining its long-term success and stability.