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While major retailer Target (TGT) posted a fourth quarter beat on earnings and revenue estimates, the chain issued a warning on the impact of President Trump's tariffs on first quarter profits. The administration's 25% tariffs on goods from Canada and Mexico, alongside a 20% tariff (raised from 10%) on Chinese imports, officially went into effect overnight.
Coresight Research Founder and CEO Deborah Weinswig sits down with Seana Smith on The Morning Brief to speak more on Target's earnings print and outlook.
Weinswig points to Target's private-label brands as a way to navigate tariff turmoil: "They would be in the category, in a volatile environment. They have control over their own destiny more than many others do. And so that I think is a positive."
Watch the video above to hear Deborah Weinswig's comments on Target's ability to "take care of the customer" as consumers search for value and are "spending closer to need."
Also catch Yahoo Finance's coverage of Best Buy's (BBY) fourth quarter earnings and how the electronics retailer is reacting to Trump's tariffs.
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This post was written by Luke Carberry Mogan.