Tag:

Price Increases

South Windsor, CT
On Your Side
Target Sales Slump Amid Boycotts Over DEI Policy Changes, Trump's Tariffs Raising Some Prices Target Sales Slump Amid Boycotts Over DEI Policy Changes, Trump's Tariffs Raising Some Prices
Target Sales Slump Amid Boycotts Over DEI Policy Changes, Trump's Tariffs Raising Some Prices Target's sales have fallen through the start of 2025 amid President Donald Trump's sweeping tariffs, falling consumer confidence, and boycotts over the retailer's diversity program rollback. Target reported that net sales dropped 2.8% in the first quarter of 2025 compared to the prior year. Despite digital sales rising 4.7%, in-store sales plummeted 5.7%, causing total transactions to fall 2.4%. Chief financial officer Jim Lee said Target is expecting similar sales drops throughout 2025. "For the full year, we believe it's prudent to plan for a low single-digit decline in our sales, i…

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by Chris Spiker
Arlington, VA
On Your Side
Price Hikes Likely At Best Buy, Target As Trade Wars Escalate, CEOs Say Price Hikes Likely At Best Buy, Target As Trade Wars Escalate, CEOs Say
Price Hikes Likely At Best Buy, Target As Trade Wars Escalate, CEOs Say Shoppers at Best Buy and Target should prepare for higher prices as new tariffs on imports from Mexico, Canada, and China disrupt supply chains, according to the companies' CEOs. The heads of the retail giants sent out warnings about likely price hikes for everything from fresh produce to expensive electronics. On Tuesday, Mar. 4, President Donald Trump officially enacted 25 percent tariffs on goods from Mexico and Canada, along with raising tariffs on Chinese imports to 20 percent. Best Buy CEO Corie Barry said the chain heavily relies on China and Mexico as its top two…

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by Chris Spiker