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Target plans to lower prices after receiving almost $1 billion in tariff refunds

Tariff refunds were a massive tailwind for Target last quarter that could help it continue to lower prices.

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Tariff refunds were a massive tailwind for Target last quarter that could help it continue to lower prices.

Shoppers returned and sales rose 3.8%, but the government’s tariff refund supplied $1.65 of Target’s $4.11 in quarterly earnings.