Target (TGT) risk factors, FY2025 10-K

Other

1. 01If we are unable to positively differentiate ourselves from our competitors, our results of operations and financial condition could be adversely affected
2. 02If we do not anticipate consumer demand and respond quickly to changing consumer preferences, our results of operations and financial condition could be adversely affected
3. 03Our continued success is dependent on positive perceptions of Target which, if eroded, could adversely affect our business and our relationships, including with our guests, team members, and vendors
4. 04Index to Financial Statements
5. 05If we are unable to successfully develop, source, and market our owned and exclusive brand products, our results of operations could be adversely affected
6. 06If we are unable to protect against inventory shrink, our results of operations and financial condition could be adversely affected
7. 07We depend on seasonal moments and higher-margin merchandise to drive sales and net earnings growth
8. 08If our capital investments do not achieve appropriate returns or our efficiency efforts are not successful, our competitive position, results of operations, and financial condition could be adversely affected
9. 09A significant disruption to our technology systems and our failure to adequately maintain and update those systems could adversely affect our operations and negatively affect our guests
10. 10If our efforts to maintain information security, cybersecurity, and data privacy are unsuccessful or if we are unable to meet increasingly demanding regulatory requirements, our reputation, results of operations, and financial condition could be adversely affected
11. 11Changes in our relationships with our vendors or other companies, changes in tax or trade policy, interruptions in our operations or supply chain, and increased commodity or supply chain costs could adversely affect our reputation and results of operations
12. 12If services we obtain from third parties are unavailable, fail to meet our standards, or increase in cost, our reputation, results of operations, and financial condition could be adversely affected

Legal, Regulatory, Global, and Other External Risks

1. 13Our earnings depend on the state of macroeconomic conditions and consumer confidence and spending in the U.S
2. 14Uncharacteristic or significant weather conditions or natural disasters, the impacts of a changing climate, and other catastrophic events could adversely affect our results of operations and financial condition
3. 15We rely on a large, global, and changing workforce of team members, contractors, and temporary staffing. If we do not effectively manage our workforce, our labor costs and results of operations could be adversely affected
4. 16Failure to address product safety and sourcing concerns could adversely affect our results of operations
5. 17Our business is subject to a wide variety of complex laws and regulations
6. 18Litigation and other legal proceedings may adversely affect our reputation, results of operations, and financial condition

Financial Risks

1. 19Increases in our effective income tax rate could adversely affect our results of operations
2. 20If we are unable to access the capital markets or obtain bank credit, our financial condition and results of operations could suffer
3. 21If we fail to achieve our projected results or otherwise fail to meet market expectations regarding our financial performance, the price and volatility of our stock could be adversely affected