November 20, 2018 by MMR
Brian Cornell, Target Corp., third quarter
Featured Articles, Leading Headlines, Money
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
October 24, 2018 by Scot Meyer
Brian Cornell, Drive Up, free two-day delivery, Shipt, Target, Target chairman and CEO Brian Cornell
Featured Articles, Leading Headlines, Retail News
MINNEAPOLIS — Target Corp. is upping its delivery game as it vows to be the “easiest place to shop for the holiday season.” Target said Tuesday that it will become first retailer to offer same-day delivery and drive up service coast to coast. The retailer said its will also offer free two-day shipping to all customers,
August 22, 2018 by MMR
2018 second quarter, Brian Cornell, Target, Target chairman and CEO Brian Cornell
Featured Articles, Leading Headlines, Money, Retail News
MINNEAPOLIS — Target Corp. on Wednesday posted a 6.5% comparable sales gain for its second quarter, driven by increased store traffic and online sales. That is the company’s biggest increase in more than a decade. Total company sales increased 7.0%, to $17.6 billion, and total revenues rose 6.9% to $17.8 billion. Target said its traffic
February 19, 2018 by MMR
Brian Cornell, Retail Industry Leaders Association, RILA
2018, Issue 02-19-2018, Issues
ARLINGTON, Va. — The Retail Industry Leaders Association (RILA) has elected a new chairman — Brian Cornell, the chairman and chief executive officer of Target Corp. Cornell was elected at RILA’s board of directors’ semiannual meeting in Tucson, Ariz., last month. Serving a two-year term, Cornell takes the chairman’s reins from Bill Rhodes, chairman of
January 22, 2018 by MMR
Brian Cornell, Retail Industry Leaders Association, RILA, Target Corp.
Featured Articles, Leading Headlines, People, Retail News
ARLINGTON, Va. — Brian Cornell, chairman and chief executive officer at Target Corp., has been elected chairman of the board at the Retail Industry Leaders Association (RILA). Cornell was elected on Sunday to a two-year term, succeeding AutoZone Inc. chairman, president and CEO Bill Rhodes. RILA also selected four retail executives to join its board.
November 15, 2017 by MMR
Brian Cornell, Target, Target chairman and CEO Brian Cornell, Target Corp., third quarter
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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
June 12, 2017 by MMR
BAT, Brian Cornell, Target Corp.
2017, Issue 06-12-2017, Issues
WASHINGTON — The proposed border adjustment tax will hit American consumers with price hikes, Target Corp. chairman and chief executive officer Brian Cornell testified last month at a House hearing. “American families — your constituents — would pay more so many multinational corporations can pay even less,” Cornell told the House Ways and Means Committee.
May 17, 2017 by MMR
Brian Cornell, Cloud Island, Target Corp.
Featured Articles, Leading Headlines, Money, Retail News
MINNEAPOLIS — Target Corp. today said net income increased to $681 million, or $1.23 a share, in the first quarter, a 7.7% increase from $632 million, or $1.05 a share, reported a year ago. Same-store sales slid 1.3% in the period, as store traffic continued to decline. Overall revenue fell 1.1% to $16 billion, down
April 22, 2017 by MMR
Brian Cornell, Casey Carl, Target Corp.
Leading Headlines, People, Retail News
MINNEAPOLIS — Target Corp.’s chief innovation and strategy officer Casey Carl reportedly plans to leave the company, effective May 5. Carl was the executive in charge of imagining the future of retailing at Target, according to a report in the Minneapolis Star Tribune newspaper, which noted that many of his projects, including a store-of-the-future concept
March 27, 2017 by MMR
Brian Cornell, Target Corp.
2017, Issue 03-27-2017, Issues
NEW YORK — Target Corp. vowed to update hundreds of stores and make other investments in its business after it delivered a disappointing 2016 in terms of sales and earnings. The Minneapolis-based company pledged to spend $7 billion over the next three years to remodel more than 600 of its 1,800 stores, accelerate the expansion
February 28, 2017 by MMR
Brian Cornell, CEO Brian Cornell, Target, Target chairman and chief executive officer Brian Cornell
Featured Articles, Leading Headlines, Retail News
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
August 17, 2016 by MMR
Brian Cornell, second quarter, Target Corp., Target’s chairman and chief executive officer
Featured Articles, Leading Headlines, People
MINNEAPOLIS — Target Corp. on Wednesday reported adjusted earnings per share of $1.23 in its second quarter, well above analysts’ projections of $1.13, on revenue of nearly $16.2 billion, which was in line with expectations. Profit declined 9.7% from the prior-year period, on revenue that dropped 7.2%. Citing challenges ahead, the company lowered its guidance