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Target Corp.

Target Deal Days to roll out holiday season sales

Target Deal Days to roll out holiday season sales

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

Target posts strong sales gains in Q2

Target posts strong sales gains in Q2

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

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

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 intros Smartly, a new essentials brand with items under $2

Target intros Smartly, a new essentials brand with items under $2

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

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 to buy Shipt for $550 million

Target to buy Shipt for $550 million

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

Chains step up as Hurricane Irma takes toll on business

NEW YORK — Hurricane Irma, one of the most powerful storms ever to hit the United States, sent retail spending in the Miami, Fort Lauderdale and West Palm Beach area of Florida spiraling downward, with sales plunging more than 72% over a three-day period, according to payment technology company First Data Corp. The company, which

Most of all, today’s beauty shoppers want value

Most of all, today’s beauty shoppers want value

NEW YORK — The secret weapon in the battle for the $62 billion that U.S. customers spend on beauty care and cosmetics just might be something mass retailers had all along — steep values. While drug, discount and supermarket chains have burnished their image in beauty with illumination, upgraded products and elevated service, it turns

Recovery from Hurricane Harvey begins

Recovery from Hurricane Harvey begins

ARLINGTON, Va. — Though Hurricane Harvey has dissipated, it has left many in the Greater Houston area as well as parts of southwestern Louisiana reeling in its aftermath. From initial estimates it appears Harvey’s economic impact will be every bit as staggering as its winds were. Financial analysis firm Moody’s Analytics tallies the costs of

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