Consumer

Target CEO Under Pressure as Boycott, Tariffs Hit Sales

Target Cuts Outlook After Weaker-Than-Expected Quarter

Pressure is growing on Target Corp.’s chief executive officer after the retailer cut its sales forecast following a sharp pullback in consumer spending and a hit from tariffs and boycotts.

The report sent shares falling and raised questions over Brian Cornell’s ability to recapture growth after two years of choppy results — especially as economic turbulence is growing.