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Target

Target to expedite online fulfillment with Shipt

MINNEAPOLIS — Target Corp. has purchased online same-day delivery platform Shipt Inc. for $550 million. The discounter will leverage its store network and Shipt’s proprietary technology platform and community of shoppers to provide same-day delivery across the country. The acquisition will accelerate Target’s digital fulfillment efforts, bringing same-day delivery services to approximately half of its

Target to acquire Shipt

Target to acquire Shipt

MINNEAPOLIS — Target Corp. announced Wednesday that it has agreed to acquire the same-day delivery company Shipt Inc. for $550 million in cash. The retailer said Shipt’s technology platform and its community of professional shoppers, together with Target’s own network of stores, will allow it to quickly and efficiently phase in same-day delivery throughout the

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

Target speeds online shopping for holiday edge

Target speeds online shopping for holiday edge

MINNEAPOLIS — Target says its ability to use its store network to get online orders faster, together with the compelling new brands it has on offer, should translate into a strong sales in the upcoming holiday season. The retailer pointed out in a blog post Monday that it offers online shoppers a number of ways

Mane Choice launches Heavenly Halo hair care collection

Mane Choice launches Heavenly Halo hair care collection

HUNTSVILLE, Ala. — The Mane Choice is introducing its Heavenly Halo collection of hair care products specifically formulated to promote hydration. The six-product line will be available exclusively at Target. According to Mane Choice founder Courtney Adeleye, the products are “physician-formulated with biotin, vitamins and essential nutrients. Plus, they’re highly beneficial for all hair types.”

Target names innovation chief

MINNEAPOLIS — Target Corp. has tapped Minsok Pak to serve as executive vice president and chief strategy and innovation officer. In that post Pak will oversee Target’s enterprise strategy development and retail ­innovation. “Minsok brings deep business acumen and proven leadership capabilities to Target,” commented Target chairman and chief executive officer Brian Cornell. “Throughout his

Target plans $7 billion investment

Target plans $7 billion investment

NEW YORK — Target executives have announced plans to invest $7 billion over the next three years in an effort to win back the hearts of consumers after a disappointing 2016 that saw sales and net earnings fall. In its meeting with the financial community Tuesday, the retailer’s leaders said Target will “reimagine” about 600

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