Target's 4Q Results Top Estimates, But Revenue Falls ShortTarget reported strong fourth-quarter profits, though its sales were weighed down by weak demand for toy and electronics during the crucial holiday shopping season.
Target Heading Into Holiday Season Strong After Q3 Earnings Exceed ExpectationsTarget is reporting another quarter of strong sales and profits and raising its outlook as it pushes faster delivery and new store brands.
Target Sees Big Success With Pickup Service For Online OrdersOne of Target's biggest competitive advantages, the stores it has sprinkled across the country, accounted for a quarter of all online sales in November and December. Goods ordered online and picked up at stores surged 60 percent in that period.
Target Sales Jump 3.4 Percent During Strong Holiday SeasonTarget has joined other retailers in putting up booming sales numbers as shoppers returned in force during the critical holiday season.
Target Commits Up To $1M For Hurricane Irma ReliefTarget Corp. announced Monday that it’s committing up to $1 million in cash and supplies to help with relief efforts after Hurricane Irma smashed into Florida and the Caribbean.
Target Cuts 39 HQ Positions Amid Merchandising RestructureTarget Corp. says it has eliminated 39 positions at its Minneapolis headquarters as the discount retailer revamps its merchandising division.
Target Announces Expansion For Dense Urban Areas (Outside Minnesota)Target is looking to expand in the New Year. The retail giant is planning to open at least 11 stores in dense urban areas, including Philadelphia and Chicago.
Bruce Dayton, Target Co-Founder & Governor's Father, Dies At 97Minnesota remembers business legend Bruce Dayton, who passed away at his home Friday at the age of 97. He was the last of the Dayton brothers who grew Dayton's Department Store into the Target Corporation. And he is the father of Minnesota's governor, Mark Dayton.
Target To Be Open (Again) At 6 P.M. On ThanksgivingTarget will open its doors at 6 p.m. on Thanksgiving Day, the same time as last year.
Target Adds Executive For New Role In OperationsTarget continues to reshape its management under its CEO Brian Cornell who came on board in just over a year ago. The Minneapolis-based discounter has named Anu Gupta to a newly created role of senior vice president of operational excellence. She will lead a team that will simplify processes across the business to help the discounter react quickly to shoppers' needs.
At Fall Rally, Target CEO Says The Company Is 'Turning The Corner'It's been a rough couple of years for tens of thousands of workers at Twin Cities-based Target Corporation.
Target Pushes Innovation But Also Promises To Fix The BasicsTarget is using a group of 25 stores in the Los Angeles area to pull together the retailer's top 50 innovations from electronic tags to adviser services in the baby department. The program will start by early next year. Target will also plans to open a futuristic store in the next 18 to 24 months that will serve as a laboratory for innovation.
Target Lays Off Another 235 In Twin CitiesAnother round of layoffs has struck Target Corp. in the Twin Cities. The company eliminated 235 positions Tuesday from its headquarters in Minneapolis and satellite offices in St. Louis Park and Brooklyn Park. It also cut 40 positions from its IT Center in India.
Target Is Getting Its Groove Back: Turnaround Takes HoldTarget 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 Reaches Deal To Settle Breach Claims With VisaTarget has reached a deal to pay up to $67 million to settle Visa claims related to a massive 2013 data breach that resulted in the theft of millions of debit and credit card numbers. Both Target Corp. and Visa Inc. confirmed the agreement Tuesday, but wouldn't put a dollar amount on the deal.