Target chairman and chief executive officer Brian Cornell

Target plans $7 billion investment

Target plans $7 billion investment

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

Target matches its stores to where the customers are

MINNEAPOLIS — Target Corp. believes that its smaller stores represent a big opportunity. The retailer’s flexible format — which allows for stores that range in size from 20,000 square feet to more than 100,000 square feet — is allowing the retailer to expand into urban neighborhoods and college towns, as well into densely populated suburban

Target’s Jones leaving to head Uber

Target’s Jones leaving to head Uber

MINNEAPOLIS — Target Corp. executive vice president and chief marketing officer Jeff Jones is leaving the company, effective September 9, the company announced Tuesday morning. Jones, who has served as Target’s top marketer since 2012, will become the president of ride sharing at Uber, with responsibility for the company’s global operations, marketing and customer support.

Target’s future rests on getting fundamentals right

NEW YORK — Having made a number of dramatic moves in the past year, from winding down its operations in Canada to selling its pharmacy business to CVS Health, Target Corp. is now focused on the elements needed to support ongoing growth. “Our future depends on getting the fundamentals right,” Target chairman and chief executive

With acquisition, CVS becomes biggest Rx operator in U.S.

WOONSOCKET, R.I. — CVS Health Corp. has taken ownership of Target Corp.’s pharmacies and clinics, making CVS/pharmacy the No. 1 drug chain by store count and sales. With the closing of its $1.9 billion purchase of the assets, CVS has picked up Target’s 1,672 pharmacies across 47 states, giving it more than 9,500 prescription counters.