Target’s was already facing a very public revolt from some of its most loyal customers. Now it’s warning about tariffs.

Target also cut its sales projections and expects a low-single-digit decline for 2025, the Associated Press reported. The company is also setting up a new office let by CFO Michael Fiddelke that is intended "to build more speed and agility into how we operate and position key capabilities to drive long-term profitable growth."

Target shares sank 7% Wednesday morning after the retail giant lowered its full-year sales projection following mixed first-quarter results.