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Brian Cornell

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

President Donald Trump meets with retail CEOs

President Donald Trump meets with retail CEOs

WASHINGTON — Promoting his economic platform with business leaders, President Donald Trump today met with top retail executives at the White House. Focusing on Trump’s plank of job creation, simplification of the tax code and reduced regulatory red tape, the Wednesday morning meeting was a scheduled event with the Retail Industry Leaders Association (RILA). The

Target appoints chief marketing officer

MINNEAPOLIS — Target Corp. has named Rick Gomez to the position of executive vice president and chief marketing officer. Gomez succeeds Jeff Jones, who left the company in September to join Uber Technologies Inc. In his new role, Gomez will be responsible for furthering Target’s brand positioning and leading the integration of all the retailer’s

Target chief marketing officer exits to join Uber

Target chief marketing officer exits to join Uber

MINNEAPOLIS — Target Corp. executive vice president and chief marketing officer Jeff Jones is leaving the company to join online car service company Uber. Target said Tuesday that Jones is leaving the company effective Sept. 9. Jones, who has served as Target’s top marketer since 2012, will become the president of ride sharing at Uber,

Tritton becomes chief merchant at Target

MINNEAPOLIS — Target Corp. has hired Mark Tritton as its chief merchandising officer, a role that allows him to determine what appears on store shelves. Tritton will have oversight of the company’s buying, product design and development, sourcing, and store ­displays. Target hired Tritton after a yearlong search. He succeeds Kathee Tesija, a Target veteran

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