Target news and archive

Target opens new concept store in SoHo, New York

American retailer Target has transformed its SoHo store into a one-of-a-kind concept store “where everyday shopping meets play, discovery and style,” bringing to life the brand’s DNA in an immersive, experiential format. Located at 600 Broadway, Target SoHo is described as a “new expression of the Target brand,” geared around inspiring consumers...

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Clarks strikes partnerships with Shein, Walmart and TikTok Shop

Footwear retailer Clarks has announced a slew of new wholesale partnerships with digital platforms as part of wider efforts to strengthen its online footprint. The company has announced its launch on fast fashion giant Shein; US retailers Walmart and Target; off-price platform Secret Sales; and social media site TikTok Shop. Speaking on the...

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Target to cut 1,800 headquarter jobs in restructuring

US retail giant Target has said it will be cutting 1,800 jobs, reflecting 8 percent of the company’s global headquarters team, as part of a restructuring to simplify the business. According to an internal memo seen by ABC News, the cuts will include 1,000 layouts and the closing out of 800 open roles. Those impacted will receive pay and benefits...

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Gap, Houdini and Target partner with Syre on commercial launch of circular polyester

Textile-to-textile recycling firm Syre has established a strategic partnership with Gap Inc., Houdini Sportswear and Target ahead of the commercial launch of its circular polyester product. All of the companies have agreed, within their own capabilities, to utilise the company’s polyester, furthering both Syre’s mission of reaching a broader...

Fashion |In Pictures

Kate Spade New York to launch affordable collection with Target

American fashion and lifestyle brand Kate Spade New York, known for its colourful and quirky aesthetic, is teaming up with Minneapolis-based retailer Target to launch an exclusive limited-time affordable collection of fashion, home and entertaining essentials. The Kate Spade New York x Target collection, launching on April 12, features more than...

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Target rolls back DEI initiatives as Trump’s term begins

US retail giant Target has announced that it will be concluding its three-year diversity, equity and inclusion (DEI) goals, alongside other associated initiatives, in a move that seemingly aligns with the values of the new Trump administration. In a press release, Target said that in addition to the conclusion of its DEI goals, it would also be...

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Target sales grow over festive season, enacts exec changes

US department store giant Target has reported strong performance in holiday sales for the November and December period, with total sales rising 2.8 percent over the year prior. This, in turn, reflected a comparable sales increase of 2 percent, as well as “record-high” sales during both the Black Friday and Cyber Monday promotional periods....

Fashion |Beauty

Jaimee Lupton launches new fragrance and bodycare brand

Serial beauty entrepreneur Jaimee Lupton, founder of Monday Haircare, Osāna Naturals and Being, has launched a new range of mood-matching fragrance and bodycare products. Called ‘Daise’ the new beauty line has been designed to offer a fresh and fun approach to fragrance and body care catering to discerning elder Gen Alpha and young Gen Zs, which...

Fashion |Beauty

Target doubling down on commitment to wellness

American retailer Target is kickstarting 2025 with an expansion to its wellness category, adding more than 2,000 new items, including more than 600 exclusives. In a statement, Target said the expansion across multiple categories, including beauty, hair health, wellness technology, and apparel, was part of the retailer’s strategy to take an...

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Target posts 11.9 percent decline in Q3 earnings

Department store chain Target reported third quarter GAAP and adjusted earnings per share of 1.85 dollars, down 11.9 percent compared with last year. Comparable sales increased 0.3 percent in the quarter, reflecting a comparable store sales decline of 1.9 percent and a comparable digital sales increase of 10.8 percent. For the fourth quarter,...

Retail

Target to cut prices on 2,000 items during holiday season

Retail major Target Corp. announced its plan to reduce regular prices on more than 2,000 items across owned and national brands this holiday season, to remain competitive in markets. These new price reductions are on top of the retailer's everyday low prices. In total, the company would be offering lower prices than last year on more than 10,000...

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Fashion |In Pictures

Wicked unveils fashion and beauty collabs ahead of film release

The highly anticipated film adaptation of Tony Award-winning Broadway musical ‘Wicked’ is arriving in cinemas on November 22 and like with other movies in recent years, such as ‘Barbie the Movie’ and ‘Beetlejuice Beetlejuice’, the film release is being celebrated with movie-inspired clothing, beauty and homeware collaborations. Brands like H&M,...