MINNEAPOLIS — Target Corp. on Wednesday posted fiscal third-quarter profits and sales that exceeded expectations. The retailer also raised its forecast for fourth-quarter sales and full-year earnings. Target earned $1.04 per share in the third quarter on sales of $16.4 billion. Analysts had expected earnings of 83 cents a share on $16.3 billion in revenue,
MINNEAPOLIS — Target Corp. senior vice president of grocery merchandising Anne Dament will be leaving the company on November 18 after a year and half in that role, Target announced earlier this month. Dament was hired in April 2015 from Safeway Inc. to oversee the food business as one of the first major hires by
MINNEAPOLIS — Target Corp. has hired former Walmart executive Shekar Natarajan for the newly created role of senior vice president, network planning and operational design, with oversight of Target’s direct-to-store and direct-to-customer shipping operations. Natarajan will join Target on November 20 and work out of its offices in Sunnyvale, Calif. He will report to Arthur
MINNEAPOLIS — Target Corp. announced that Anne Dament, senior vice president of grocery merchandising, will be leaving the company on November 18 after 18 months in the role. The retailer said it will conduct an extensive search within and outside the company to find Dament’s replacement. Her duties are being transitioned to Mark Tritton, Target’s
MINNEAPOLIS — Target Corp. opened four of its “flexible format” stores on October 6, including a two-story, 45,000-square-foot store on Greenwich Street in New York’s Tribeca neighborhood to serve city dwellers, office workers, tourists and others. Target on that date also opened flexible-format stores in Philadelphia; Cupertino, Calif.; and State College, Pa. The company now
NEW YORK — Target Corp. has brought its flexible format to Manhattan, opening a two-story, 45,000-square-foot store to serve millennials and other city dwellers in the trendy neighborhood of Tribeca. The store is one of four flexible format stores Target opened on Wednesday. The other three are in Philadelphia; Cupertino, Calif.; and State College, Pa.
MINNEAPOLIS — Target Corp. is set to start remodeling 30 of its stores in the Dallas-Fort Worth area to reflect changes in the retailer’s new grocery strategy. Dallas is the only market that’s getting a major grocery overhaul for now, the Dallas Morning News reported last month. The changes, which include new lighting, fixtures and
MINNEAPOLIS — Target Corp. announced on Friday that chief digital officer Jason Goldberger had left the company, “effective immediately.” Goldberger’s responsibilities will be split between two Target executives, the company said in a statement. Work related to pricing and promotions is being taken over by Mark Tritton, Target’s chief merchandising officer, who joined Target in
MINNEAPOLIS — Target Corp. executive vice president and chief marketing officer Jeff Jones has left the company to become president of ride sharing at Uber, with responsibility for the company’s global operations, marketing and customer support. “As we move into the next phase at Uber, one in which we will build a global brand infused
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.
MINNEAPOLIS — Target Corp.’s commitment to an urban growth strategy featuring flexible-format stores carrying assortments tailored to the local clientele is taking the retailer into Manhattan’s East Village neighborhood with a store set to open in 2018. Target’s website notes that the two-level, 27,000-square-foot store will offer apparel and accessories, home goods, food (with grab-and-go
MINNEAPOLIS — Target Corp. on Wednesday reported adjusted earnings per share of $1.23 in its second quarter, well above analysts’ projections of $1.13, on revenue of nearly $16.2 billion, which was in line with expectations. Profit declined 9.7% from the prior-year period, on revenue that dropped 7.2%. Citing challenges ahead, the company lowered its guidance