MINNEAPOLIS — Target Corp. on Wednesday said that its comparable sales grew 22.9% in the first quarter, on top of 10.6% growth last year. Comp sales in stores increased 18%, and digital comparable sales grew 50%, on top of 141% growth a year ago. Same-day services (Order Pickup, Drive Up and Shipt) grew more than
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
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
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
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
The COVID-19 pandemic is testing mass market retailers on two major fronts. Target chairman and CEO Brian Cornell received a lot of attention recently when he spoke about how consumer behavior has changed since the arrival of the novel coronavirus in the U.S., and what it will take to get shoppers to feel comfortable about
NEW YORK — Target, CVS and Walmart were among the retailers forced to temporarily close stores over the weekend in the face of ongoing protests across the country. Target is temporarily closing stores in California, Georgia, Minnesota, Illinois, and Pennsylvania. The retailer said in a statement on Sunday that it was also prioritizing the rebuilding
MINNEAPOLIS — Target Corp. said Friday that it will invest more than $300 million in wage increases, a new paid leave program, bonus payouts and relief fund contributions. “With each passing day, it’s clearer how indispensable our team is to communities across the country as our guests cope with the coronavirus,” Target CEO Brian Cornell
MINNEAPOLIS — Target has made adjustments to its business hours and other measures amid the outbreak of the novel coronavirus (COVID-19). Beginning March 18, all Target stores will close by 9 p.m. local time daily, which will provide the team additional time for cleaning and restocking each day. In addition, the retailer announced that it
MINNEAPOLIS — Target on Tuesday reported better than expected earnings in its fourth quarter and fiscal year and said it expects operating margins to grow by mid-single digits this year. Target posted net earnings of $834 million in the fourth quarter, an increase of 4.4% from a year earlier. Comparable-store sales were up 1.5% for
MINNEAPOLIS — Target Corp. chief merchant Mark Tritton is resigning to become CEO of Bed, Bath & Beyond. With his departure, Target has tapped Christina Hennington and Jill Sando, two executives with nearly 40 years of combined experience with the company, to head the retailer’s merchandising organization on an interim basis. They will report directly to Target
MINNEAPOLIS — Target Corp. is hitting the bullseye. Target headed into the 2018 holiday season bolstered by a strong third quarter performance that included a 5.1% increase in comparable sales, a 49% gain in digital channel sales and a 5.3% increase in customer traffic. Total revenue for the three months ended November 3 was $17.8