NEW — Target Posts First Quarterly Revenue Miss In Six Years, Citing Inflation and Consumer Boycotts

“Target CEO Brian Cornell pointed to macro pressures including inflation for tempering sales but also ‘negative guest reaction to our pride collection’…The last time Target’s comp sales were negative was six years ago and that does correspond to the four quarters that followed the retailers stance allowing guests to use whatever bathroom they choose for their gender identity. Though Target did say at the time that any lost sales from those boycotts weren’t material enough to report, this time they are calling it out.”

https://x.com/thechiefnerd/status/1691783068049101019

@ChiefNerd