Target CEO: Power outage won’t impact earnings forecast; concerned about tariffs

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Target CEO: Power outage won’t impact earnings forecast; concerned about tariffs

By CSA Staff - 06/19/2019
The chief executive of Target Corp. took to the air to apologize to customers for the outages that shut down the chain’s registers and credit-card processors over Father’s Day weekend.

In an interview on CNBC’s “Squawk Box,” Brian Cornell apologized to customers for a disappointing weekend and also said there was no impact to the company’s earnings forecast as a result of the shutdown. But he did express concern about the potential impact of $300 billion in proposed new tariffs on Chinese goods.

“We’ve got a few more levers to pull, but if these tariffs go into effect, prices are going to go up and that’s going to affect consumers,” Cornell said.

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