MINNEAPOLIS — Target Corp. on Wednesday reported that its first quarter store traffic increased 3.7% and its digital sales increased 28% over the comparable prior year figures. Target said the store traffic increase was its strongest performance in 10 years, and noted that its 28% digital sales gain was on top of a 21% increase
MINNEAPOLIS — Target Corp. is giving its men’s grooming department a makeover, updating as many as 80 stores this year as the retailer broadens its product assortment and seeks to elevate the in-store experience. “Guys are more style savvy and selective than ever, and they spend a considerable amount of time researching products before they
MINNEAPOLIS — Target Corp. is expanding its beauty offering by introducing eight cosmetics brands, which collectively offer more than 150 products designed for consumers with medium to dark skin tones. “We know our guests have a wide range of beauty needs and preferences, and we want to make sure Target has the best assortment for
MINNEAPOLIS — Target Corp.’s commitment to an urban growth strategy featuring flexible-format stores carrying assortments tailored to the local clientele is taking the retailer into Los Angeles’ Koreatown. The Koreatown store is the fifth Target store of 27,400 square feet or less to open this spring. Another 21 flexible-format stores are set to open later this
MINNEAPOLIS — As part of its multiyear strategy, Target Corp. has announced several initiatives, including a significant expansion of its suite of fulfillment options and an increase in its starting minimum wage to $12 in 2018. Free two-day shipping is now available on thousands of items on Target.com when guests spend at least $35 or
MINNEAPOLIS — Target Corp. is testing a new rewards program, called Target Red. The new program, which is not tied to a payment card, will be available from next month in the Dallas-Fort Worth area. It will offer shoppers 1% back on their Target, applied to future shopping trips to the retailer. In addition, Target
WASHINGTON — More than two dozen retail companies — including Walmart, Costco Wholesale Corp., Dollar Tree Inc. and Target Corp. — sent a letter on Monday to President Trump urging him to refrain from imposing tariffs on China and alleging that American families would be hurt by such a move. In a separate letter to
MINNEAPOLIS — Target Corp. on Tuesday reported fourth quarter sales that surpassed Wall Street’s expectations on strong growth in stores and online. Target posted a profit of $1.1 billion in the quarter compared to $817 million in the year-ago period. Revenue rose 10% to $22.7 billion. Customer traffic increased 3.2%, and online sales grew 29%.
NEW YORK — Nearly half of U.S. consumers shopped for apparel at Amazon.com over the past 12 months, according to a survey from Coresight Research, which concluded that Amazon is neck and neck with Target Corp. as the second-most-shopped apparel retailer in the United States (after Walmart), as measured by the number of shoppers. Much
ARLINGTON, Va. — Brian Cornell, chairman and chief executive officer at Target Corp., has been elected chairman of the board at the Retail Industry Leaders Association (RILA). Cornell was elected on Sunday to a two-year term, succeeding AutoZone Inc. chairman, president and CEO Bill Rhodes. RILA also selected four retail executives to join its board.
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. The company said sales and traffic were higher both in stores and online. “We are very pleased with our holiday season performance, which reflects the progress we’ve made against
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