Overview

• Target revised its annual sales forecast downward, citing weaker consumer confidence, a pullback in discretionary spending, and tariff-driven uncertainties.
• CEO Brian Cornell emphasized that raising prices due to tariffs would be a 'last resort,' with efforts focused on diversifying supply chains and negotiating with suppliers.
• Home Depot reaffirmed its commitment to maintaining price stability, leveraging diversified sourcing to reduce reliance on any single country, including China.
• Walmart warned that some price increases are likely as it cannot fully absorb tariff pressures, drawing public criticism from President Trump to 'eat the tariffs.'
• Consumer sentiment has dropped to near-record lows, with the U.S. economy contracting in the first quarter for the first time in three years, further straining the retail sector.