December 4, 2023 by MMR
Target Circle Holiday Giveaway sweepstakes, Target Circle loyalty program, Target Corp.
Leading Headlines, Retail News
MINNEAPOLIS — Target Corp. today announced a “one-of-a-kind shopping spree” for 500 enrollees in the Target Circle loyalty program, Each winner in the Target Circle Holiday Giveaway sweepstakes will receive $500 in credit that can be used at any Target store or at Target.com. Winners also get a one-year subscription to the retailer’s Shipt delivery
November 15, 2023 by MMR
consumer spending, Target Corp., third quarter earnings
Featured Articles, Leading Headlines, Money, Retail News
MINNEAPOLIS — Target Corp. today posted better-than-expected earnings for its fiscal third quarter despite another decline in comparable-store sales. Shoppers remain cautious, the company said, but did spend for necessities like food, school supplies and beauty aids. CEO Brian Cornell cited pressures like higher interest rates, increased credit card debt and reduced savings rates which
September 26, 2023 by MMR
Target Circle loyalty program, Target Circle Week, Target Corp.
Leading Headlines, Retail News
MINNEAPOLIS — Target Corp. has unveiled plans for its Target Circle Week event, running from October 1 to October 7 exclusively for members of Target Circle, its free-to-join loyalty program. With deep discounts on hot, trending gifts, seasonal items, everyday essentials and more, Target is offering savings on thousands of products across its assortment. Members
August 16, 2023 by MMR
CEO Brian Cornell, second-quarter earnings, Target Corp.
Leading Headlines, Money, Retail News
MINNEAPOLIS – Target Corp. posted its first decline in comparable-store sales in more than six years, but higher margins helped boost profits in its fiscal second quarter. Comparable sales dipped 5.4% in the quarter, while traffic in stores and online declined 4.8%. Store sales were down 4.3% and online sales slid 10.5%. Target generated revenue
May 17, 2023 by MMR
Brian Cornell, first-quarter earnings, Target Corp.
Featured Articles, Leading Headlines, Money
MINNEAPOLIS — Target Corp. said sales increased 0.5% in its first quarter, with strength in everyday essentials offsetting continued softness in sales of discretionary items. Beauty was Target’s best-performing category in the quarter to April 29, with sales growing in the mid-teens from a year earlier. Food and beverage sales increased in the high single
April 26, 2023 by MMR
click-and-collect, Drive Up Returns, Target Corp.
Leading Headlines, Retail News
MINNEAPOLIS – After a successful pilot in the Twin Cities, Target Corp. is now offering curbside returns at about a quarter of its stores, with plans to be nationwide with the program by this summer. Customers will be able to start a return order online or in the Target app, the company says, and then
October 5, 2022 by MMR
Jeff Sunberg, Marc Greenberger, Market Performance Group (MPG), MPG, MPG Founder and Managing Partner Marc Greenberger, Pete Hinze, Ryan Gutzmer, Scott Sporcich, Target Corp., The CPG, The CPG founder and CEO Jeff Sunberg, The Creative Partners Group
Leading Headlines, Supplier News
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
August 17, 2022 by MMR
corporate earnings, inventory glut, Target Corp.
Leading Headlines, Retail News
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
July 29, 2022 by MMR
online fulfillment, sortation centers, Target Corp.
Leading Headlines, Retail News
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.
May 18, 2022 by MMR
earnings, Inflation, Target Corp.
Featured Articles, Money
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,
January 13, 2022 by MMR
CVS Health, Mario Rivera, Michelle Peluso, supply chain, Target Corp.
Featured Articles, Leading Headlines, Retail News
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
February 28, 2020 by MMR
Arthur Valdez, Heath Holtz, Target, Target Corp.
Featured Articles, Leading Headlines, People, Retail News
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