BAVIS_1170x120_10-22-20

Brian Cornell

Target makes updates to its leadership team

Target makes updates to its leadership team

MINNEAPOLIS — Target has named Cara Sylvester executive vice president and chief guest experience officer, a new role at the company, in one of several changes to its leadership team. The company said Thursday that Sylvester will lead the strategy to further differentiate Target’s guest experience, with a focus on increasing personalization and attracting more

At NRF, Cornell emphasizes ‘agility, flexibility, adaptability’

NEW YORK — Since taking the reins at Target Corp. in 2014 Brian Cornell’s game plan has involved listening to customers, then making sure the company has the flexibility to deliver on what’s most important to them. Following the strategy has led Target to a pretty good place: The retailer is coming out of an

NRF expands roster of speakers at 2022 Big Show

NRF expands roster of speakers at 2022 Big Show

NEW YORK – The Honest Company’s founder and chief creative officer Jessica Alba and CEO Nick Vlahos have been added to the list of speakers slated to appear next month at NRF 2022: Retail’s Big Show. The pair will share insights on how the company has navigated the clean lifestyle movement to emerge as a

Target’s Q3 sales, earnings beat forecasts

Target’s Q3 sales, earnings beat forecasts

MINNEAPOLIS — Target Corp. reported comparable sales growth of 12.7% in the third quarter, reflecting comparable store sales growth of 9.7% and comparable digital sales growth of 29%. Total revenue for the three-month period ended  October 30 was $25.7 billion, an increase of 13.3% compared with the same quarter last year, driven by total sales

Cornell and Montgomery will be among NRF honorees

WASHINGTON — The National Retail Federation will recognize Target chairman and chief executive officer Brian Cornell with its The Visionary award, which will be presented during the seventh annual NRF Foundation Honors event in New York City. CVS Pharmacy president Neela Montgomery will also be honored as one of the People Shaping Retail’s Future 2022.

NRF to honor Target’s Cornell with Visionary award

NRF to honor Target’s Cornell with Visionary award

WASHINGTON – The National Retail Federation said Tuesday that Target chairman and CEO Brian Cornell will receive its “The Visionary” award. The award will be presented during the seventh annual NRF Foundation Honors on January 16 in New York City. “Brian Cornell’s purpose-driven leadership and strategic vision reflect an unwavering commitment to his team, and

NRF names six to its board of directors

NRF names six to its board of directors

WASHINGTON – The National Retail Federation on Friday named six members to its board of directors. The new members were elected during NRF’s annual winter board meeting, held virtually this year following NRF 2021: Retail’s Big Show – Chapter 1. Each will serve a two-year term until January 2023. “We are very proud to be

Target’s holiday sales show omnichannel gains

Target’s holiday sales show omnichannel gains

MINNEAPOLIS — Target Corp.’s comparable sales for the combined November/December period grew 17.2%, driven by a 4.3% increase in store traffic and a 12.3% increase in average ticket size, the company said Wednesday. Store-originated comparable sales grew 4.2%, while comparable digital sales grew 102%. “The momentum in our business continued in the holiday season with

Target works to rebuild Minneapolis store

Target works to rebuild Minneapolis store

MINNEAPOLIS — Target is rebuilding its Lake Street store in Minneapolis, which was damaged in the wave of violence and frustration that erupted following the police killing of George Floyd that happened nearby. The retailer is making sure the effort reflects the needs and desires of the community, according to a note by Target group

Target posts strong sales, profit gains in Q2

Target posts strong sales, profit gains in Q2

MINNEAPOLIS — Target Corp. reported record same-store sales gains in its second fiscal quarter, driven by a digital sales gain of 195%, the company announced on Wednesday. The retailer said its results reflect the continuation of heightened sales volume due to the COVID-19 pandemic.  Target reported GAAP earnings per share (EPS) from continuing operations of

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