this post was submitted on 20 Aug 2026
209 points (99.1% liked)

News

38966 readers
2328 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source. Clickbait titles may be removed.


Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials, videos, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.


7. No duplicate posts.


If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners or news aggregators.


All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 3 years ago
MODERATORS
 

Target has revealed it has received almost $1bn (£733.9m) in tariff refunds from the US government which boosted the retailer's latest profits.

The American chain said it received a $994 million pre-tax reimbursement, which resulted in its second quarter operating income doubling to $2.6bn from $1.3bn last year.

When asked how Target would use tariff refunds, chief financial officer Jim Lee did not provide details but added: "We have and will continue to invest in price."

all 14 comments
sorted by: hot top controversial new old
[–] spaghettiwestern@sh.itjust.works 99 points 6 days ago* (last edited 6 days ago) (6 children)

100 to 1 odds that despite what Target is claiming, it will in no way be used to "invest in price" and reduce prices to their customers. Trump's Tariffs ended up being an enormous transfer of wealth from the American public to corporations. It's GOP heaven.

[–] Rhaedas@fedia.io 15 points 6 days ago

4D chess move or crisis used to their advantage. I guess it doesn't matter which it was, it worked.

[–] zikzak025@lemmy.world 8 points 6 days ago (1 children)

And why would it, anyways? It's not like their suppliers or distributors are going to be lowering their prices. This is just giving Target free money while they continue charging more than ever.

[–] Maeve@kbin.earth 7 points 6 days ago

And treating employees like rubbish.

They meant their stock price.

[–] Tollana1234567@lemmy.today 1 points 4 days ago

target has been enshittifying for a number of years. every few months they raise prices on some of the products.

[–] Maeve@kbin.earth 2 points 6 days ago

Idk, seems like Walmart /Sam's Club get more of those I'm my area, although they and their garbage values are bleeding over to Costco, the last few years.

[–] lemmyng@lemmy.world 1 points 6 days ago

It's GOP heaven.

Makes sense considering the logo perfectly aligns with their ammosexuality.

[–] Sho@lemmy.world 36 points 6 days ago (1 children)

All the more reason to never go there. I used to love it there too.

[–] Lucidlethargy@sh.itjust.works 1 points 4 days ago

I hate to say it, but Walmart is better. I don't go there, though... I get it delivered.

[–] gedaliyah@lemmy.world 23 points 6 days ago

I can't wait to spend my tarrif refund! I'm sure it's coming any day!

[–] AlteredEgo@lemmy.ml 5 points 4 days ago* (last edited 4 days ago)

boosted the retailer’s latest profits.

PROFITS

PROFITS
Profits

profits

^profits^

Ouch my financial trauma

[–] AlecSadler@lemmy.dbzer0.com 10 points 6 days ago

I'd be fine with citizens committing arson on Target locations.