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
MINNEAPOLIS — Target Corp. on Tuesday reported strong third quarter results that included a 5.1% increase in comparable sales, a 49% in digital channel sales and a 5.3% increase in customer traffic. Total revenue for the three months ended November 3 were $17.8 billion, an increase of 5.6% over the comparable prior year period. Operating
MINNEAPOLIS — Target Corp. veteran John Bauer has rejoined the company as senior vice president, global inventory management. In this role, Bauer leads the teams responsible for ordering, inventory positioning, global trade and domestic transportation. He reports to executive vice president and chief supply chain officer Arthur Valdez Jr. Bauer most recently served as chief
MINNEAPOLIS — While growing e-commerce is a priority at Target Corp., the discount retailer is equally focused on keeping its physical stores relevant and appealing through an aggressive remodeling program. Target intends to make over at least 1,000 of its 1,835 stores by 2020. The program is moving forward in high gear: During the first
MINNEAPOLIS — Target Corp. announced that John Bauer will join the company as senior vice president, global inventory management. In this role, Bauer will lead the teams responsible for ordering, inventory positioning, global trade and domestic transportation. He will report to Arthur Valdez Jr., Target’s executive vice president and chief supply chain officer. Bauer most
MINNEAPOLIS — Target Corp. has hired Walmart executive Gemma Kubat as senior vice president of supply chain engineering and activation. Kubat will lead the design, activation and ongoing management of assets that support Target’s global supply chain and logistics network, the retailer announced July 26. Kubat is scheduled to join Target on August 6 and will
NEW YORK — Mielle Organics has expanded its beauty brand with a new Pomegranate and Honey Skin Care Collection that is now available in Target Corp. stores nationwide. The Pomegranate and Honey Collection offers five skin care products: Revitalizing Face Serum, Hydrating Face Mask, Illuminating Face Lotion with SPF, 2-in-1 Face Scrub and Cleanser, and
MINNEAPOLIS — Last summer Target Corp. introduced its “Target Run” campaign, which highlighted the affordable everyday essentials Target customers can pick up in “one stop, all done” shopping. The effectiveness of that campaign has been incredibly strong, according to executive vice president and chief marketing officer Rick Gomez. Now, Target has expanded its fulfillment options,
NEW YORK — Target Corp. opened a store in New York’s East Village neighborhood on Wednesday. The 26,000-square-foot outlet is the first of three stores Target plans to open in the area this year. The retailer is set to open a store in Manhattan’s Lower East Side neighborhood in August, and one in Selden, N.Y.
MINNEAPOLIS — Target Corp. said it will host a one-day sale of its own on July 17, with dozens of deals on its Target.com web site. Billed as a “sale for everybody — no membership required,” the event will feature deals on a wide range of products, including furniture and home items, beauty and personal care,
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