Sales and profits slipped for Target during the crucial holiday quarter as customers held back on spending and the company said there will be “meaningful pressure” on its profits to start the year because of tariffs and other costs.

Target Corp. is projecting little to no sales growth this year, a concerning sign for a big-box retailer that’s struggling to shake off a lengthy slump.

Target warned that its profit would come under pressure in the current quarter—and its sales could be flat this year—because of consumer uncertainty and escalating tariffs. The retailer’s sales in February fell year-over-year because of “declining consumer confidence” and cold weather,