November 17, 2021 by Chain Drug Review
Brian Cornell, Target Corp.
Leading Headlines, Retail News
MINNEAPOLIS — Target Corp. reported comparable sales growth of 12.7% in the third quarter, reflecting comparable store sales growth of 9.7% and comparable digital sales growth of 29%. Total revenue for the three-month period ended October 30 was $25.7 billion, an increase of 13.3% compared with the same quarter last year, driven by total sales growth of
June 22, 2021 by Chain Drug Review
Brian Cornell, Target Corp., Target Forward
Leading Headlines, Retail News
MINNEAPOLIS — Target Corp. today unveiled Target Forward, the company’s new sustainability strategy that puts its business to use to positively impact both people and the planet. Building on the retailer’s legacy of corporate responsibility and sustainable practices, Target Forward marks a new era in sustainability for the company, as the retailer aims to co-create
February 16, 2021 by Chain Drug Review
Brian Cornell, Christina Henningto, Katie Boylan, Rick Gomez, Target Corp.
Business, Leading Headlines, Retail News
MINNEAPOLIS — Target Corp. has named a new chief growth officer in one of a number of leadership changes the company announced on Tuesday. “At the core of Target’s success is the most talented team in retail,” Target chairman and CEO Brian Cornell said, chairman and CEO, Target. “The depth of expertise across Target’s leadership
September 29, 2020 by Chain Drug Review
Christina Hennington, Target Corp., Target Deal Days
Business, Leading Headlines, Retail News
MINNEAPOLIS — Target Corp. announced the return of Target Deal Days on Oct. 13 and 14, kicking off a holiday season that will feature nearly 1 million more deals than last year, Black Friday pricing all November long and an extended Price Match Guarantee. “This year, in a holiday season unlike any other, we know it’s more important
August 19, 2020 by Chain Drug Review
Brian Cornell, Target Corp.
Business, Leading Headlines, Retail News
MINNEAPOLIS — Target Corp. reported record same-store sales gains in its second fiscal quarter, driven by a digital sales gain of 195%, the company announced on Wednesday. The retailer said its results reflect the continuation of heightened sales volume due to the COVID-19 pandemic. Target reported GAAP earnings per share (EPS) from continuing operations of $3.35 in
March 25, 2020 by Chain Drug Review
Michael Fiddelke, Target Corp., Target Corp. Brian Cornell
Business, Leading Headlines, Retail News
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
February 28, 2020 by Chain Drug Review
Heath Holtz, Target Corp.
Business, Retail News
MINNEAPOLIS — Target Corp. has hired Heath Holtz to serve as senior vice president of field operations. He will oversee Target’s supply chain and logistics field network to support the retailer’s more than 1,800 stores, the company said on Friday. Holtz joins the company on March 1 and will report to Arthur Valdez, Target’s executive
August 21, 2019 by Chain Drug Review
Target Corp., Target Corp. Brian Cornell
Business, Leading Headlines, Retail News
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.
January 10, 2019 by Chain Drug Review
Brian Cornell, Katie Boylan, Melissa Kremer, Rick Gomez, Stephanie Lundquist, Target Corp.
Leading Headlines, Retail News
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
December 17, 2018 by Chain Drug Review
2018 Holiday Shopping, Mark Tritton, Target Corp.
Retail News
MINNEAPOLIS — Target Corp. is helping take the stress out of the season for last-minute shoppers by guaranteeing eligible Target.com orders will be delivered for free by Christmas Eve. In addition to this new guarantee, which begins today, Target offers the widest breadth of delivery and pickup options in retail to help guests find and buy cozy
October 8, 2018 by Chain Drug Review
Mark Tritton, Smartly, Target Corp.
Retail News
MINNEAPOLIS — Target Corp. has introduced Smartly, a new lower-priced owned brand comprised of more than 70 items, such as hand soap, paper plates, household cleaners and razors, with most items less than $2. The collection will arrive in stores and on Target.com beginning Oct. 14 and will be available year-round. “Over the past few years, Target has launched more
January 22, 2018 by Chain Drug Review
Brian Cornell, Retail Industry Leaders Association, RILA, RILA board, RILA chairman, Sandy Kennedy, Target Corp.
Business, Leading Headlines, Retail News
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
January 9, 2018 by Chain Drug Review
Brian Cornell, Target Corp.
Business, Leading Headlines, Retail News
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,
December 13, 2017 by Chain Drug Review
Bill Smith, John Mulligan, same-day delivery services, Shipt, Target Corp.
Business, Leading Headlines, Retail News, Technology
MINNEAPOLIS — Target Corp. has agreed to acquire the same-day delivery company Shipt Inc. for $550 million in cash. Target said Wednesday that it will use Shipt’s proprietary technology platform and community of shoppers, along with its store network, to quickly and efficiently bring same-day delivery to consumers nationwide. Plans call for Target to offer