MINNEAPOLIS — Target Corp. experienced record sales and profit growth in 2020, and it is gearing up its investments to build on that success this year and beyond. As executives pointed out during the company’s financial community meeting earlier this month, the COVID-19 pandemic created unprecedented and unimagined challenges for Target and other retailers. But
MINNEAPOLIS — Christina Hennington has been named executive vice president and chief growth officer at Target Corp., in one of a number of leadership changes the company announced recently. “At the core of Target’s success is the most talented team in retail,” Target chairman and chief executive officer Brian Cornell said. “I’m confident these moves
MINNEAPOLIS —Target is partnering with CVS to distribute coronavirus vaccines at store locations across 17 states, the companies announced Wednesday. More than 600 CVS pharmacies within Target locations nationwide will be offering vaccinations to eligible guests. “Our top priority since the onset of the pandemic: the health and safety of our team members, guests and the communities we serve,” Target
MINNEAPOLIS — Target Corp. reported comparable digital sales growth of 118% in the fourth quarter, accounting for two-thirds of the company’s overall comp sales growth for the period. Overall comp-store sales increased by 20.5%, while comp-store sales in physical stores grew by 6.9%, the company said on Tuesday. Sales for the three months ended January
MINNEAPOLIS — Target Corp. is partnering with Apple to offer an expanded assortment of the brand’s products and services, the retailer said Thursday. The new shopping experience, similar to departments Target has created with Disney, Ulta Beauty and Levi Strauss & Co., is part of the retailer’s effort to become a destination for sought-after brands.
MANHATTAN BEACH, Calif. — The Aussie-inspired, dermatologist-developed sunscreen brand Project Sunscreen has launched at Target, the company said Thursday. Project Sunscreen’s “Tropical Palms” and “Aerial Beach” rollerball designs have rolled out to an initial 130 stores and are also available on the Target website. “This is a dream come true,” Project Sunscreen co-founder and CEO
MINNEAPOLIS — Target Corp. has named a new chief growth officer in one of a number of leadership changes the company announced on Tuesday. “At the core of Target’s success is the most talented team in retail,” Target chairman and CEO Brian Cornell said, chairman and CEO, Target. “The depth of expertise across Target’s leadership
NEW YORK — Ahold Delhaize’s GIANT Co. and Food Lion, along with such retailers as Kroger, Walgreens and Walmart, were among the retailers recognized as being among the best places to work for LGBTQ equality. They received perfect marks on the Human Rights Campaign Foundation’s 2021 Corporate Equality Index. A record-breaking 767 major U.S. businesses
MINNEAPOLIS — Target Corp. is launching an assortment of home and lifestyle items with Levis Strauss & Co. that will be the apparel company’s first Home partnership. The Levi’s for Target limited-edition Home collection builds on the decade-long partnership between the two companies, which began with the introduction of the value brand, DENIZEN from Levi’s,
MINNEAPOLIS — Target is offering its employees a $200 million “thank you” for their hard work during a challenging year. The retailer said Monday that it will pay $500 bonuses to all its hourly employees in stores, distribution centers and at its headquarters and field-based offices. In addition, all store directors, executive team leaders and
MINNEAPOLIS — Target Corp.’s comparable sales for the combined November/December period grew 17.2%, driven by a 4.3% increase in store traffic and a 12.3% increase in average ticket size, the company said Wednesday. Store-originated comparable sales grew 4.2%, while comparable digital sales grew 102%. “The momentum in our business continued in the holiday season with
CHICAGO – In a year dominated by COVID-19, Amazon surpassed last year’s winner H-E-B and runner up Trader Joe’s to take the top spot in the fourth annual dunnhumby Retailer Preference Index (RPI). Target also broke into the top quartile of the RPI for the first time, driven by its own strong performance in response