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Target Corp.

Target innovation chief Casey Carl to depart

Target innovation chief Casey Carl to depart

MINNEAPOLIS — Target Corp.’s chief innovation and strategy officer Casey Carl reportedly plans to leave the company, effective May 5. Carl was the executive in charge of imagining the future of retailing at Target, according to a report in the Minneapolis Star Tribune newspaper, which noted that many of his projects, including a store-of-the-future concept

Target’s new look

MINNEAPOLIS — Target Corp. has unveiled the elements of a redesign aimed at creating a faster, easier experience for a shopper running an errand while encouraging those not in a rush to linger in the aisles. The retailer expects its first fully re-imagined store will open this fall in a Houston suburb. In addition, 40

Target set to retool

NEW YORK — Target Corp. vowed to update hundreds of stores and make other investments in its business after it delivered a disappointing 2016 in terms of sales and earnings. The Minneapolis-based company pledged to spend $7 billion over the next three years to remodel more than 600 of its 1,800 stores, accelerate the expansion

Target taps Jeff Burt as grocery head

Target taps Jeff Burt as grocery head

MINNEAPOLIS — Target Corp. on Monday announced the appointment of Jeff Burt as senior vice president, grocery, fresh food and beverage. Burt joins Target from Kroger Co., where he most recently served as president of the Fred Meyer division. He will assume his new post effective April 10. In this role, Burt will be charged

Target Q4 sales, earnings fall more than expected

Target Q4 sales, earnings fall more than expected

MINNEAPOLIS — Target Corp. on Tuesday reported a profit of $817 million, or $1.45 a share, in its fourth quarter, down from $1.43 billion, or $2.32 a share, a year earlier, when the retailer sold its pharmacy business to CVS Health. Same-store sales declined 1.5% in the fourth quarter. For 2017, the company forecasts per-share

Target names Rick Gomez as marketing chief

Target names Rick Gomez as marketing chief

MINNEAPOLIS — Rick Gomez has been promoted to executive vice president and chief marketing officer at Target Corp., effective January 29. Gomez, who has been senior vice president of brand and category marketing, succeeds Jeff Jones, who had left the company to join Uber Technologies Inc. Gomez will be responsible for furthering Target’s brand positioning

Target matches its stores to where the customers are

MINNEAPOLIS — Target Corp. believes that its smaller stores represent a big opportunity. The retailer’s flexible format — which allows for stores that range in size from 20,000 square feet to more than 100,000 square feet — is allowing the retailer to expand into urban neighborhoods and college towns, as well into densely populated suburban

Target Q3 profits and sales exceed expectations

Target Q3 profits and sales exceed expectations

MINNEAPOLIS — Target Corp. on Wednesday posted fiscal third-quarter profits and sales that exceeded expectations. The retailer also raised its forecast for fourth-quarter sales and full-year earnings. Target earned $1.04 per share in the third quarter on sales of $16.4 billion. Analysts had expected earnings of 83 cents a share on $16.3 billion in revenue,

Target grocery chief departs

MINNEAPOLIS — Target Corp. senior vice president of grocery merchandising Anne Dament will be leaving the company on November 18 after a year and half in that role, Target announced earlier this month. Dament was hired in April 2015 from Safeway Inc. to oversee the food business as one of the first major hires by

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