Target is on its way back. Shoppers are visiting the company’s stores more often and spending more on each trip, the Minneapolis-based discount-store chain said Wednesday. The company raised its annual profit outlook and said its second-quarter net income more than tripled. The upbeat report is evidence efforts to spruce up fashions and other merchandise are paying off for CEO Brian Cornell.
Target is making more executive changes, promoting Chief Financial Officer John Mulligan to the newly created role of chief operating officer. Mulligan, who also will become executive vice president, assumes oversight of stores, supply chain and properties effective Sept. 1.
Target Corporation has removed a Confederate officer costume from sales on its website in the aftermath of the murders at a black Charleston, South Carolina church last week.
An Ohio mother is ‘calling out’ Target on Twitter because of what she saw in the toy section of her local store.
Target’s massive workforce reduction is the latest milestone in a company that has long and colorful history in Minnesota. The Dayton Company, which had popular department stores throughout the Twin Cities, decided to launch something new in 1961 — a discount chain.
Target has agreed to pay nearly $4 million to settle a lawsuit that claims the retailer charged higher prices than advertised.
Target Corp. has acquired a Pittsburgh company that says its software platform brings “an Amazon-like shopping experience” to in-store customers.
Target announced Monday that its stores will open even earlier this Thanksgiving. On Thanksgiving Day, Target will open its doors to customers at 6 p.m. for early access to its Black Friday deals.
Add Target to the list of big name companies now in support of gay marriage. Target Corporation has signed a court brief backing marriage equality in a pending court case.
Target has hired Pepsi executive Brian Cornell as its new chairman and CEO as it looks to recover from a huge data breach and troubles in Canada. Cornell replaces interim CEO John Mulligan, who is chief financial officer for the Minneapolis company. Mulligan stepped into the interim CEO post in May when Target Corp.’s Gregg Steinhafel resigned following a large data breach in the runup to Christmas.
Target interim CEO John Mulligan is addressing the recent controversy surrounding its gun policy. Starting Wednesday, Mulligan says the corporation will respectfully request that guests not bring firearms into Target stores. This includes communities where it is permitted by law.
Target Corporation has identified a glitch causing delays at some checkouts across the country, according to a representative. For now, Target employees are working with guests in stores where the issue hasn’t been resolved to accommodate their needs.
Target cut its annual profit outlook Wednesday and said its first-quarter earnings fell 16 percent as it took another hit from a massive customer data breach and a troubled expansion in Canada.
Target has fired the president of its troubled Canadian operations, Tony Fisher, and is replacing him with a 15-year U.S. company veteran. The executive shakeup in Canada comes two weeks after the abrupt resignation of Target’s CEO and Chairman Gregg Steinhafel.
Target’s massive data breach has now cost the company’s CEO his job. Target announced Monday that Chairman, President and CEO Gregg Steinhafel is out nearly five months after the retailer disclosed the breach, which has hurt its reputation among customers and hammered its business.
Secret Service investigators say they are close to gaining a full understanding of the methods hackers used to breach Target’s computer systems last December.
The fallout over the security breech that resulted in the theft of credit information for an estimated 40 million Target shoppers continues. CBS News is reporting that consumer reaction to their response to the theft was not encouraging. Many have avoided shopping at Target, canceled their Target credit cards, and may even be planning to sue the company.
Target says it has learned of some incidents of scam emails related to its recent data breach and is setting up a section of its corporate website to post copies of all official communication. The company says it is aware of “limited instances” of scam emails. Spokeswoman Molly Snyder says the company doesn’t have any other specifics to provide about the fake emails.
The U.S. Justice Department is now involved in the data breach at Twin Cities-based Target Corporation. Sen. Amy Klobuchar says it’s an indication that officials must be onto whomever committed the crime.
Target Corp. is increasing its quarterly dividend by 19.4 percent. The Minneapolis-based retailer on Wednesday declared a quarterly dividend of 43 cents per share, up from 36 cents per share. The dividend is payable Sept. 10 to shareholders of record as of Aug. 21.
Target Corp. said Tuesday that its pledge to match prices of select online rivals this past holiday season is now a year-round promise.
Three years ago, virtually no stores were open on Thanksgiving Day. This year, Walmart, Sears, Kmart, and Toys ‘R’ Us will open at 8 p.m. Target will open an hour later at 9 p.m.
Target Corp. says the head of its online business has left the company.