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Target Corp.

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

Target adds logistics vet Natarajan

Target adds logistics vet Natarajan

MINNEAPOLIS — Target Corp. has hired former Walmart executive Shekar Natarajan for the newly created role of senior vice president, network planning and operational design, with oversight of Target’s direct-to-store and direct-to-customer shipping operations. Natarajan will join Target on November 20 and work out of its offices in Sunnyvale, Calif. He will report to Arthur

Target grocery chief Dament is leaving

Target grocery chief Dament is leaving

MINNEAPOLIS — Target Corp. announced that Anne Dament, senior vice president of grocery merchandising, will be leaving the company on November 18 after 18 months in the role. The retailer said it will conduct an extensive search within and outside the company to find Dament’s replacement. Her duties are being transitioned to Mark Tritton, Target’s

Target unveils smaller-format stores in NYC

MINNEAPOLIS — Target Corp. opened four of its “flexible format” stores on October 6, including a two-story, 45,000-square-foot store on Greenwich Street in New York’s Tribeca neighborhood to serve city dwellers, office workers, tourists and others. Target on that date also opened flexible-format stores in Philadelphia; Cupertino, Calif.; and State College, Pa. The company now

Target shows off flexible format

Target shows off flexible format

NEW YORK — Target Corp. has brought its flexible format to Manhattan, opening a two-story, 45,000-square-foot store to serve millennials and other city dwellers in the trendy neighborhood of Tribeca. The store is one of four flexible format stores Target opened on Wednesday. The other three are in Philadelphia; Cupertino, Calif.; and State College, Pa.

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