MINNEAPOLIS — Target Corp. is canceling orders from suppliers and reducing prices to help clear an inventory glut in response to consumers’ faster-than-expected shift toward non-discretionary spending on things like food, travel and entertainment. Target said it also plans to add storage capacity near U.S. ports to lessen the impact of unusually high transportation and
MINNEAPOLIS — Target has appointed Cara Sylvester executive vice president and chief guest experience officer, a new role at the company, in one of several changes to the 14-member leadership team that reports to Brian Cornell, Target’s chief executive officer. Sylvester joined Target in 2007 and has been serving since last year as Target’s chief
WASHINGTON — President Biden Thursday asked retailers and manufacturers, including Walmart, Target, Reckitt, and Gerber, to do more to help families get infant formula. He discussed Reckitt and Gerber’s efforts to increase production to make up for lost supply from Abbott, and asked them to identify other ways the administration can help them. The conversation
MINNEAPOLIS — Target has named Cara Sylvester executive vice president and chief guest experience officer, a new role at the company, in one of several changes to its leadership team. The company said Thursday that Sylvester will lead the strategy to further differentiate Target’s guest experience, with a focus on increasing personalization and attracting more
NEW YORK — Target opened a store in New York City’s Time Square area on Sunday. “We’re excited to bring the joy of Target to new guests and help them discover a unique shopping experience tailored to the needs of our community in the heart of New York City,” said Dan Rivera, Store Director of the
MINNEAPOLIS — Target Corp. capped a spectacular fiscal 2021 performance by recording more than $100 billion in sales for the first time and achieving record earnings per share in the fourth quarter. With both its in-store and e-commerce channels operating impressively, management has announced an aggressive program of investments to drive long-term growth and expand
MINNEAPOLIS — Target Corp. announced this week its most sustainable store yet, which will test innovations that generate renewable energy and reduce emissions. The Vista, California, store’s retrofit and new features will inform Target’s investments in new stores and remodel programs that support its long-term growth and help guide the retailer’s efforts to achieve its
MINNEAPOLIS —Target Corp. has collaborated with the accessories brand Stoney Clover Lane on a limited-time-only collection of more than 300 items, including colorful apparel and swimwear, travel accessories, beauty essentials and outdoor items. Target said Wednesday that the collection includes kits and individual patches to allow consumers to tailor many of the products to fit
MINNEAPOLIS — Target Corp. plans to invest up to $5 billion on its physical stores, digital experiences, fulfillment capabilities and supply chain capacity this year to support its continued growth. “Years of investment in our team and business have driven our sales beyond $100 billion and positioned Target to meet the needs of our guests
MINNEAPOLIS — Target had another good year in 2021. The company delivered $106 billion in total revenue for the year, having grown nearly $28 billion, or more than 35%, over the past two years. Comparable sales grew 12.7%, on top of a 19.3% increase in 2020. Target also said that earnings per share in the
MINNEAPOLIS — Target, which in 2017 announced a path to a starting wage of $15 an hour for all employees, now plans to set a new starting wage range and expand access to health care benefits for its team members and their families. The retailer said Monday that it is setting a new starting wage
MINNEAPOLIS – Target Corp. this week revealed plans for upgrading its curbside pickup service – including merchandise returns and the opportunity to pick up a Starbucks coffee — at select locations, starting in the fall. The company also will introduce “backup item” functionality to additional product categories, adding beauty and household essentials to a feature