Target’s third-quarter profit tumbled as the retailer struggles to lure shoppers that are being pressed by stubbornly high inflation

Consumer boycotts since late January, when Target joined rival Walmart and a number of other prominent American brands in scaling back its corporate diversity, equity and inclusion initiatives, have compounded the predicament.

Retailers have spent almost 11 months navigating Donald Trump’s wide-ranging tariffs on imports and his immigration crackdown that threatened to shrink the supply of workers.

The just ended 43-day federal shutdown is expected to be another drag on an economy, though its full impact will take months to measure. Government contract awards have slowed and many food aid recipients have seen their benefits interrupted.