https://www.live-feeds.com/feed/us-retail-giant-receives-1bn-boost-from-tariff-refundsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/us-retail-giant-receives-1bn-boost-from-tariff-refundshttps://www.live-feeds.com/feed/us-retail-giant-receives-1bn-boost-from-tariff-refunds#u46014Fri, 21 Aug 2026 21:36:21 +0000Target doubled its profits in the second quarter of 2026, largely driven by a $1 billion refund on Trump-era tariffs. The retailer beat earnings expectations and raised its fiscal-year forecast as a broader turnaround strategy gains traction. Growth was supported by jumping grocery sales and strong performance in beauty and hardlines merchandise. While the tariff refund provided the primary financial boost, the company is also investing $1 billion into a grocery revamp focused on trendy snacks and drinks to attract more consumers.Why it mattersThe company is executing a turnaround led by execu