NT_1170x120_1-11-18

Brian Cornell

Target increases starting wage to $15 an hour

Target increases starting wage to $15 an hour

MINNEAPOLIS — Target announced on Wednesday a number of industry-leading updates and extensions to its pay and benefits. Beginning July 5, it will permanently raise its starting wage for U.S. team members to $15 per hour. Additionally, the company will give a one-time recognition bonus of $200 to its frontline store and distribution center hourly workers for their efforts throughout

Target commits $10 million and ongoing resources for rebuilding efforts and advancing social justice

Target commits $10 million and ongoing resources for rebuilding efforts and advancing social justice

MINNEAPOLIS —  Target  announced on Friday a $10 million commitment in addition to ongoing resources to advance social justice and support rebuilding and recovery efforts in local communities. “Target stands with Black families, communities and team members. As we face an inflection point in Minneapolis and across the country, we’re listening to our team, guests and communities, committed

Target announces reduced store hours amid COVID-19 outbreak

Target announces reduced store hours amid COVID-19 outbreak

MINNEAPOLIS — Target has made adjustments to its business hours and other measures amid the outbreak of the novel coronavirus (COVID-19). Beginning March 18, all Target stores will close by 9 p.m. local time daily, which will provide the team additional time for cleaning and restocking each day. In addition, the retailer announced that it

Target’s Q1 earnings exceed expectations

Target’s Q1 earnings exceed expectations

MINNEAPOLIS — Target Corp. on Wednesday reported revenue rose 5% to $17.6 billion in the first quarter of fiscal 2019 as it brought more customers into to its stores. Once there, shoppers spent more than in the previous quarter, the company said. Same-store sales increased 4.8% while comparable digital sales surged 42%. Online sales represented

Target reports strong holiday gains, announces leadership changes

Target reports strong holiday gains, announces leadership changes

MINNEAPOLIS — Target Corp. on Thursday reported strong sales gains for the November/December holiday sales period, and reiterated its sales and earnings guidance for the full year. The company also announced changes in its executive ranks, including the planned retirement of chief financial officer Cathy Smith. Target’s holiday sales performance included a 5.7% comparable store sales

Target’s Brian Cornell becomes RILA chairman

Target’s Brian Cornell becomes RILA chairman

ARLINGTON, Va. — Target Corp. chairman and chief executive officer Brian Cornell has been elected as chairman of the Retail Industry Leaders Association (RILA). The association said Cornell was named RILA chairman yesterday at its board of directors’ semiannual meeting in Tucson, Ariz. Serving a two-year term, he takes the chairman’s reins from Bill Rhodes, chairman

Target tallies stronger-than-expected holiday sales

Target tallies stronger-than-expected holiday sales

MINNEAPOLIS — Target Corp. said holiday sales rose more than forecast, with sales at stores open at least a year climbing 3.4% in November and December. Target holiday sales and traffic were higher both in stores and online during the period, the discount store retailer reported Tuesday. “We are very pleased with our holiday season performance,

Target’s Cornell: Border tax would hike prices

WASHINGTON — Target Corp. chairman and chief executive officer Brian Cornell spoke for much of the retail industry when he testified before the House Ways and Means Committee last month that the proposed Border Adjustment Tax would raise prices for American consumers. Under the border tax, “American families — your constituents — would pay more

Walmart, Target give cause for optimism

Walmart, Target give cause for optimism

In late May, both Walmart and Target Corp. issued their quarterly performance numbers. Each revealed some surprises, and both left those retailing authorities who still retain some faith in the business a bit more optimistic than they had been. Here’s a look at the numbers: First, Walmart. Most surprising here was the revelation that the

Retail CEOs talk with Trump

Retail CEOs talk with Trump

WASHINGTON — A group of retail executives, including Walgreens Boots Alliance executive chairman and chief executive officer Stefano Pessina, met with President Donald Trump earlier this month to discuss issues related to imports and changes to the tax code. The meeting was a scheduled event with the Retail Industry Leaders Association (RILA). “The retail industry

1 2 3