Target has issued a warning about declining consumer confidence, signaling potential stress on the U.S. economy. The company reported a sales decline in February and anticipates only a 1% growth in sales for the year. Cold weather affected clothing sales, but broader discretionary spending also suffered. Additionally, tariff uncertainty is expected to impact Target’s profits this quarter. Despite these challenges, Target’s stock rose 5% in premarket trading as investors had braced for worse results. The company remains cautiously optimistic about 2025 but acknowledges ongoing economic pressures. — news from CNN
