Retailer Target is under pressure on multiple fronts: it’s facing pushback after rolling back its diversity, equity and inclusion initiatives; it’s fighting off stiffer competition from nimble competitors like Amazon; and the company has higher exposure to a decline in consumer spending amid inflation and tariff volatility than rivals like Walmart and Costco.
“Target has had several missteps since the peak of Covid where their inventory position was too high,” said Joe Feldman, senior managing director at Telsey Advisory Group. “They had to discount heavily to clear through a lot of the inventory. Things were starting to get back on track. Then they get hit with DEI,” he said, referring to the boycotts.
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