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Target

Target poised for renewed growth

MINNEAPOLIS — Target Corp. achieved stunning profit growth in fiscal 2023 despite continued soft sales that ameliorated somewhat over the second half. Looking to the future, management expects to reignite growth by reinforcing, refining and enhancing the strengths that have driven top- and bottom-line expansion for the retailer over the past decade. No strategic reset

Target to add paid membership program

Target to add paid membership program

MINNEAPOLIS—As part of a revamp of its customer loyalty program, Target is launching a new paid membership program called Target Circle 360. The program, set to launch on April 7, includes unlimited free same-day delivery for orders over $35 in as little as an hour with no delivery fees or markups, free two-day shipping, access

Target’s earnings top expectations, but sales lag

Target’s earnings top expectations, but sales lag

MINNEAPOLIS — Target reported fourth-quarter sales and earnings that beat analyst expectations, boosting its shares in pre-market trading. But total sales for the year declined, the company said. Target reported that GAAP and adjusted earnings per share of $2.98 was 57.6% higher than last year, and well-above the high end of the expected range of

Target debuts dealworthy brand

MINNEAPOLIS — Target this month introduced Dealworthy, a private label line of everyday essentials with prices starting at $1. The original lineup will be supplemented over the coming months and ultimately will include nearly 400 items spanning four categories: apparel and accessories; essentials and beauty; electronics; and home products. Most items will be priced under

Target to offer Diane von Furstenberg collection

Target to offer Diane von Furstenberg collection

MINNEAPOLIS — Target is launching a limited-time-only collection with Diane von Furstenberg. The line, which spans apparel and home fashions, will be available in Target stores and on Target.com beginning on March 23. The Diane von Furstenberg for Target collection is a collaboration between the iconic fashion designer and her granddaughter, Talita von Furstenberg, and will

Target debuts low-priced dealworthy brand

Target debuts low-priced dealworthy brand

MINNEAPOLIS — Target Corp. today introduced a new low-price owned brand, dealworthy, that promises “incredible value” on nearly 400 everyday basic items. The new line allows the retailer to offer its shoppers more affordable options, with prices starting at less than $1, while strengthening its portfolio of owned brands. “With the introduction of our newest

Target rolling out over 1,000 wellness products

Target rolling out over 1,000 wellness products

MINNEAPOLIS — Target Corp. is introducing more than 1,000 new wellness-related products starting at just $1.99 to support shoppers without stretching their budgets. From apparel and accessories to supplements, vitamins and the latest tech, Target is offering its guests one-stop-shopping. “Wellness has been redefined to encompass a more holistic way of living — and it’s

Target names Michael Fiddelke COO

Target names Michael Fiddelke COO

MINNEAPOLIS — Target Corp. announced Thursday that Michael Fiddelke, who has served as the retailer’s chief financial officer since Nov. 1, 2019, has been named chief operating officer, effective Feb. 4, 2024. Until his replacement is named, Fiddelke will continue to serve as chief financial officer for the company. As chief operating officer, Fiddelke will oversee the retailer’s nearly

Target beats profit projection for third quarter

MINNEAPOLIS — Target Corp. 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. Comparable sales were down 4.9% in the three months to October 28. In-store comps declined 4.6% while digital comps

Target details plans for holiday deals

Target details plans for holiday deals

MINNEAPOLIS — Target plans to woo holiday shoppers with special deals, unique merchandise and an easy shopping experience, the retailer said Tuesday. “This is a time the Target team shines, and we’re ready to deliver affordability, inspiration and convenience to help our guests celebrate holiday traditions with loved ones,” says Christina Hennington, chief growth officer, Target.

Target collaborates with Rowing Blazers on collection

Target collaborates with Rowing Blazers on collection

MINNEAPOLIS — Target Corp. has teamed with Rowing Blazers, a brand known for its contemporary interpretation of classic American style, on a collection of products for fall that includes apparel, accessories, home goods, outdoor play items, and even pet products. The collection is described as a fusion of trendy designs and timeless influences, reflecting Rowing

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