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Target Corp. Brian Cornell

Target earnings hit by higher costs

Target earnings hit by higher costs

MINNEAPOLIS – Target Corp.  said Wednesday that sales increased in its first quarter but higher costs impinged on profits. Comparable sales increased 3.3% in the quarter, reflecting traffic growth of 3.9%, the company said. Store comps were up 3.4% while digital comps increased 3.2%. Sales growth was led by frequently purchased categories, including food and

Target and Ulta Beauty announce strategic partnership

Target and Ulta Beauty announce strategic partnership

MINNEAPOLIS — Target and Ulta Beauty have announced a strategic, long-term partnership to transform the beauty landscape with Ulta Beauty at Target. The “shop-in-shop” concept will offer established and emerging prestige brands online and in select Target locations nationwide beginning next year. Target and Ulta Beauty, two trusted retail leaders that excel in curation, omnichannel engagement and guest-centric

Derica Rice, Christine Leahy named to Target’s board of directors

Derica Rice, Christine Leahy named to Target’s board of directors

MINNEAPOLIS — Target Corp. announced on Wednesday that its board of directors has elected Christine (Chris) Leahy, president, chief executive officer and director of CDW, and Derica Rice, former executive vice president of CVS Health and president of CVS Caremark, as directors. Leahy’s appointment becomes effective January 1, 2021, and Rice’s appointment becomes effective August 31, 2020.

Target offers business update related to COVID-19

Target offers business update related to COVID-19

MINNEAPOLIS — Target Corp. announced on Wednesday business updates in response to the impact from novel coronavirus (COVID-19). As the COVID-19 crisis has evolved, the company has been experiencing unusually strong traffic and sales, particularly in its stores and same-day services, as guests rely on Target for essential items like food, medicine, cleaning products and

Executive VP Jose Barra leaving Target

Executive VP Jose Barra leaving Target

MINNEAPOLIS – In the latest in a series of executive changes under chairman and chief executive officer Brian Cornell, Jose Barra is leaving Target Corp. to take a new position elsewhere. Barra, who joined Target in 2004 as a strategy group manager, most recently served as executive vice president of merchandising, responsible for Target’s beauty,