MINNEAPOLIS — Target beat sales expectations in the first quarter, with total revenue that grew 11.3% compared to last year. Earnings fell as consumers spent less on higher margin products like apparel, and the retailer boosted wages and spending on safety measures related to COVID-19. Target’s total comparable sales grew 10.8% in the first quarter,
MINNEAPOLIS — Target Corp. said on Wednesday that it is slowing the pace of remodels and new store openings as it focuses on dealing with the surge in store traffic and sales associated with the COVID-19 outbreak. “We are prioritizing the work that’s in front of us to support our team, store operations and supply
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 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. 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,
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
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
MINNEAPOLIS — Target Corp. on Monday said it will raise its minimum wage to $11 an hour in October. A further increase, to $15 an hour, is promised by the end of 2020. The retailer said the increases will allow it to continue to recruit and retain good people, who in turn will provide a