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
MINNEAPOLIS — Target Corp. on Wednesday said that its comparable sales grew 22.9% in the first quarter, on top of 10.6% growth last year. Comp sales in stores increased 18%, and digital comparable sales grew 50%, on top of 141% growth a year ago. Same-day services (Order Pickup, Drive Up and Shipt) grew more than
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
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.
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
MINNEAPOLIS — Target Corp. released its second-quarter earnings report on Wednesday, showing strong growth in all areas. For the quarter, Target saw its comparable sales increase by 3.4%, which it said was driven by a 2.4% growth in traffic. Its comparable sales have continued to be up about 10 percent over the last two years.
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,