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Target profits double after $1bn tariff refund
US retailer Target reported that its profits doubled following a $1bn tariff refund. The company's net income was boosted by Washington’s tariff return programme, resulting in higher sales for the US retailer.
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Adjacent reporting
- New merchandise, more foot traffic and a $994 million tariff refund powers a strong second quarter for Target
- Target’s comeback quarter: New merchandise, more shoppers and a $994M tariff refund
- Target’s comeback quarter: New merchandise, more shoppers and a $994M tariff refund
- Target’s comeback quarter: New merchandise, more shoppers and a $994M tariff refund
- Target’s comeback quarter: New merchandise, more shoppers and a $994M tariff refund
- Target's sales surged and full-year outlook rose — but the stock slid anyway