PRINCETON JUNCTION, N.J. – Market Performance Group (MPG) has acquired The Creative Partners Group (The CPG). The deal will further expand MPG’s best-in-class omnichannel strategy and services capabilities at Target Corp. and throughout the retail marketplace, the company said. Described as a one-stop retail powerhouse, The CPG is one of the country’s top retail
MINNEAPOLIS — Target Corp. today said its second-quarter profit fell nearly 90% from the year-ago level as it slashed prices to unload excess inventory. But after absorbing the short-term pain, the retailer is now set for a rebound that would put it on track to hit its revised full-year financial targets. “Looking ahead, the team
MINNEAPOLIS – Target Corp. is adding three new sortation centers in the next year to speed deliveries for shoppers in the greater Chicago and Denver metro areas. The centers (two in Chicago, one in Denver) will also allow employees to work more efficiently and lower shipping cost, according to a post on the company’s website.
MINNEAPOLIS – Target Corp. today said sales increased in its first quarter but higher costs impinged on profits. Comparable sales increased 3.3% in the quarter, reflecting traffic growth of 3.9%, the company said. Store comps were up 3.4% while digital comps increased 3.2%. Sales growth was led by frequently purchased categories, including food and beverage,
WOONSOCKET, R.I. — Mario Rivera has joined CVS Health as senior vice president of Supply Chain, reporting to Michelle Peluso, executive vice president and chief customer officer, CVS Health and co-president, Retail. He will be responsible for their supply logistics, distribution, inventory, omnichannel and engineering, as CVS Health looks to transform its supply chain operations
MINNEAPOLIS — Target Corp. has hired Heath Holtz to serve as senior vice president of field operations. He will oversee Target’s supply chain and logistics field network to support the retailer’s more than 1,800 stores, the company said on Friday. Holtz joins the company on March 1 and will report to Arthur Valdez, Target’s executive
MINNEAPOLIS — Former rivals Target Corp. and Toys ‘R’ Us are partnering this holiday season, part of the toy retailer’s bid for a comeback under new owners after going bankrupt in 2017 and closing its stores. Under terms of the deal, visitors to a newly launched toysrus.com website who want to buy something will click
MINNEAPOLIS — Target Corp. will create Disney-themed sections in 25 of its stores in October — with 40 more slated for next year — offering merchandise from Walt Disney Co. franchises including Pixel, Marvel and Star Wars. In addition, Target will open a new store near the entrance of Walt Disney World in Orlando, Fla.,
MINNEAPOLIS — Target Corp. released its second-quarter earnings report on Wednesday, showing strong growth in all areas. For the quarter, Target saw its comparable sales increase by 3.4%, which it said was driven by a 2.4% growth in traffic. Its comparable sales have continued to be up about 10 percent over the last two years.
MINNEAPOLIS — Target Corp. on Monday announced the introduction of a new owned food and beverage brand called Good & Gather. The new line will be available in stores and online on Target.com for same-day delivery beginning September 15. “Our guests are incredibly busy and want great-tasting food they can feel good about feeding their
MINNEAPOLIS — Target Corp. plans to celebrate the 20th anniversary of its first designer partnership this fall by bringing back past customer favorites for a limited time. The retailer said Thursday that it will bring back nearly 300 original items from 20 past designer partnerships. The limited-edition collection spans apparel, accessories, home décor and kitchen
MINNEAPOLIS — Target Corp. is making it easier for many college students to shop and get everything they need with the small-format stores the company is opening on college campuses across the country. Last year, Target opened 10 new small-format stores on or near college campuses, bringing the total to nearly two dozen campus stores