Target chairman and CEO Brian Cornell

Target adds safety measures for holiday shopping

Target adds safety measures for holiday shopping

MINNEAPOLIS — Target Corp. is rolling out new safety measures for the holiday shopping season, the company said on Thursday. “Year over year, the investments we’ve made in our business and team have made Target the easiest place to shop in America.” Target CEO Brian Cornell said in a statement. ” As we’ve navigated the

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

Target makes social justice pledge

Target makes social justice pledge

MINNEAPOLIS — Target  has commited an additional $10 million, on top of its ongoing efforts, to advance social justice and support rebuilding and recovery efforts. “Target stands with Black families, communities and team members,” Target chairman and CEO Brian Cornell said on Friday. “As we face an inflection point in Minneapolis and across the country,

Target sees strong sales gains in Q1

Target sees strong sales gains in Q1

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,

Target investing $300 million in its team

Target investing $300 million in its team

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

Target reports holiday sales, leadership changes

Target reports holiday sales, leadership changes

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

Target raises the bar with delivery options

Target raises the bar with delivery options

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,

Target sees sales, traffic surge in Q2

Target sees sales, traffic surge in Q2

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

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