Target

Target to permanently raise starting wage to $15 an hour

Target to permanently raise starting wage to $15 an hour

MINNEAPOLIS — Target will permanently raise its starting wage for U.S. team members to $15 per hour beginning July 5. Additionally, the company said it will give a one-time recognition bonus of $200 to its frontline store and distribution center hourly workers for their efforts throughout the coronavirus pandemic. Brian Cornell Starting this week, Target said it is

Target makes social justice pledge

Target makes social justice pledge

MINNEAPOLIS — Target  has commited an additional $10 million, on top of its ongoing efforts, to advance social justice and support rebuilding and recovery efforts. “Target stands with Black families, communities and team members,” Target chairman and CEO Brian Cornell said on Friday. “As we face an inflection point in Minneapolis and across the country,

Protests, violence force store closures

Protests, violence force store closures

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

Target acquires assets of delivery service startup

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

Target sees strong sales gains in Q1

Target sees strong sales gains in Q1

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,

Target extends enhancements to pay and benefits

Target extends enhancements to pay and benefits

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

Target rolls out new safety measures

Target rolls out new safety measures

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

Target budgets $3 billion for capital projects

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

Target investing $300 million in its team

Target investing $300 million in its team

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