June 1, 2020 by MMR
Brian Cornell, CEO Doug McMillon, George Floyd, protests, Stefano Pessina, Target, Walmart, WBA executive vice chairman and chief executive officer Stefano Pessina
Leading Headlines, Retail News
NEW YORK — Target, CVS and Walmart were among the retailers forced to temporarily close stores over the weekend in the face of ongoing protests across the country. Target is temporarily closing stores in California, Georgia, Minnesota, Illinois, and Pennsylvania. The retailer said in a statement on Sunday that it was also prioritizing the rebuilding
May 25, 2020 by MMR
Deliv, Target
2020, Issue 05-25-2020, Issues
MINNEAPOLIS — Target is acquiring assets from Deliv, a startup that partners with retailers and restaurants for same-day delivery service. Target in recent months has been working with Menlo Park, Calif.-based Deliv on test programs. Deliv has technology that intelligently batches orders bound for the same area. Target intends to continue testing the technology to
May 20, 2020 by MMR
first quarter, fiscal results, Target, Target chairman and CEO Brian Cornell
Featured Articles, Leading Headlines, Money, Retail News
MINNEAPOLIS — Target beat sales expectations in the first quarter, with total revenue that grew 11.3% compared to last year. Earnings fell as consumers spent less on higher margin products like apparel, and the retailer boosted wages and spending on safety measures related to COVID-19. Target’s total comparable sales grew 10.8% in the first quarter,
May 19, 2020 by MMR
COVID-19, pay increase, Target
Leading Headlines, Retail News
MINNEAPOLIS – Target Corp. is extending its $2-an-hour pay increase for employees for another five weeks. The retailer initially offered the extra pay in March to help compensate for heightened health risks from staffing stores and fulfilling online orders amidst the COVID-19 outbreak. The extra pay had been set to expire at the end of
April 23, 2020 by leslie and MMR
benefits, COVID-19, Target, wages
Leading Headlines, Money, Retail News
MINNEAPOLIS — Target Corp. is extending enhanced team member wages and benefits, and is providing business updates related to the impact from the novel coronavirus (COVID-19). Target said it will extend its $2 an hour temporary wage increase until May 30, in recognition of the contributions of frontline team members. The company said it will also continue
April 23, 2020 by MMR
Target, Walmart, William White
Leading Headlines, People, Retail News
BENTONVILLE, Ark. — Walmart has tapped William White, who has been serving as senior vice president of marketing at Target Corp., to be its new chief marketing officer. The CMO position at Walmart has been vacant since Barbara Messing left the company last August. White’s appointment was announced in an email to employees from Walmart
April 3, 2020 by MMR
COVID-19, social distancing, Target
Leading Headlines, Retail News
MINNEAPOLIS — Target Corp. is implementing new safety measures designed to help reduce the spread of the coronavirus, the company said. Starting on Saturday, the retailer will actively monitor and, when needed, meter guest traffic in its nearly 1,900 stores nationwide to promote social distancing. Additionally, Target will supply its more than 350,000 team members
March 25, 2020 by MMR
Target, Target chairman and CEO Brian Cornell
Featured Articles, Leading Headlines, Retail News
MINNEAPOLIS — Target Corp. said on Wednesday that it is slowing the pace of remodels and new store openings as it focuses on dealing with the surge in store traffic and sales associated with the COVID-19 outbreak. “We are prioritizing the work that’s in front of us to support our team, store operations and supply
March 23, 2020 by MMR
capital projects, Target
2020, Issue 3-23-2020, Issues
MINNEAPOLIS — Target Corp. is budgeting more than $3 billion in 2020 to maintain its recent pace of about 300 store remodels a year and to fund initiatives that include adding automation to its supply chain, diversifying its private label assortment and expanding its store pickup capabilities to include fresh groceries and alcoholic beverages. Target
March 20, 2020 by MMR
Brian Cornell, Target, Target chairman and CEO Brian Cornell
Featured Articles, Leading Headlines, Retail News
MINNEAPOLIS — Target Corp. said Friday that it will invest more than $300 million in wage increases, a new paid leave program, bonus payouts and relief fund contributions. “With each passing day, it’s clearer how indispensable our team is to communities across the country as our guests cope with the coronavirus,” Target CEO Brian Cornell
March 19, 2020 by MMR
Brian Cornell, COVID-19, modified hours, Target
Leading Headlines, Retail News
MINNEAPOLIS — Target has made adjustments to its business hours and other measures amid the outbreak of the novel coronavirus (COVID-19). Beginning March 18, all Target stores will close by 9 p.m. local time daily, which will provide the team additional time for cleaning and restocking each day. In addition, the retailer announced that it
March 3, 2020 by MMR
Brian Cornell, fourth quarter, Target
Featured Articles
MINNEAPOLIS — Target on Tuesday reported better than expected earnings in its fourth quarter and fiscal year and said it expects operating margins to grow by mid-single digits this year. Target posted net earnings of $834 million in the fourth quarter, an increase of 4.4% from a year earlier. Comparable-store sales were up 1.5% for