Target Corp.

Target’s new look

RICHMOND, Texas — Target Corp. opened its first “next generation” store in this Houston suburb, featuring a new design aimed at creating a faster, easier experience for the quick-trip shopper while encouraging those not in a hurry to linger in the aisles. The 124,000-square-foot prototype has separate entrances for each. Those in a rush will

Target sees sales, traffic gains in third quarter

Target sees sales, traffic gains in third quarter

MINNEAPOLIS — Target Corp.’s third quarter sales and earnings beat expectations, and the company said it is upbeat about its prospects for the holiday season. But the company’s fourth quarter profit outlook disappointed Wall Street, sending its shares down in early trading on Wednesday. Target forecast adjusted earnings of $1.05 to $1.25 per share for

Many retailers score high on workplace equality index

Many retailers score high on workplace equality index

NEW YORK — A number of the nation’s top retailers earned perfect scores on a rating of workplace equality as it relates to companies’ lesbian, gay, bisexual, transgender and queer (LGBTQ) employees. Ahold USA Inc., BJ’s Wholesale Club, CVS Health, Delhaize America Inc., Dollar General Corp., Sears Holdings Corp., Target Corp. and Walgreens were among

Target big on small format

NEW YORK — Retail giant Target Corp. has opened its new concept store in Midtown Manhattan, right across the street from the flagship Macy’s Inc. store. Located on West 34th Street in Herald Square, this is one of several small-format stores Target is opening in New York City. The first opened in Tribeca last October,

Retailers offer help

NEW YORK — Hurricane Harvey brought record rainfall to Houston and flash floods across the Texas and Louisiana coastal region. The storm also elicited an outpouring of generosity from the retail ­community. Walmart, the nation’s largest retailer by sales, and the Walmart Foundation announced they had committed up to $20 million in support of relief

Target names Pak chief strategy and innovation officer

Target names Pak chief strategy and innovation officer

MINNEAPOLIS — Target Corp. on Wednesday announced the appointment of Minsok Pak as executive vice president and chief strategy and innovation officer, effective September 11. Pak will oversee Target’s enterprise strategy development and retail innovation, and he will serve as a member of the retailer’s leadership team. “Minsok brings deep business acumen and proven leadership

Target adds two food and beverage VPs

Target adds two food and beverage VPs

MINNEAPOLIS — Target Corp. said on Monday it was hiring two senior executives to advance the retailer’s food and beverage strategy. Mark Kenny, currently at Walmart, will join Target as vice president divisional, meat and fresh prepared food, with oversight for the meat, seafood, deli, bakery and prepared food categories. Liz Nordlie, now at General

Target to acquire Grand Junction

Target to acquire Grand Junction

MINNEAPOLIS — Target Corp. has acquired a transportation technology company to enhance its delivery capabilities. The company — San Francisco-based Grand Junction — is already working with Target on a delivery pilot at its store in New York’s Tribeca neighborhood. Grand Junction uses its software and data to connect retailers with local delivery services to

Target test takes aim at Amazon

MINNEAPOLIS — Target Corp. is testing a household essentials delivery service that is said to have cheaper shipping and shorter delivery times than those available to Amazon.com Inc.’s Prime Pantry customers. The service, called Target Restock, launched late last month as a pilot in the Minneapolis/St. Paul area for the retailer’s RedCard holders. Target said

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