Target news and archive

Target partially removes Pride Collection following backlash

American department store chain Target has said that it will be removing part of its collection celebrating Pride Month after employees faced threats while at work. In a statement, the retailer noted that it had offered such an assortment “for more than a decade”, however it had seen a different response to the products this time round. The...

Business

Target to invest 100 million dollars in sortation centres

US department store retailer Target has announced it is planning to inject a 100 million dollar investment into scaling its sortation centre network. Through the funding, the company is hoping to open six additional facilities by the end of 2026, bringing its network to 15. Currently, the retailer operates nine centres in Minnesota, Texas,...

Fashion

Target's Future Collective collaborates with Gabriella Karefa-Johnson

Target has launched its second Future Collective line in collaboration with fashion editor and stylist Gabriella Karefa-Johnson. Future Collective, a brand owned by Target, offers apparel and accessories in collaboration with industry experts and aims to showcase the versatility of modern style and cultural influences. Debuting in September...

Retail

Discounting continues post holiday for inventory-heavy brands

What do Nike, Nordstrom, Amazon, Target and Levi Strauss have in common? Large inventories that continue to be discounted after Christmas in order to lower the stock glut. Target is a prime example with its latest bold promotional event, aptly called the “Target Clearance Run”, offering up to 50 percent of on certain categories. Substantial...

Business

Target appoints new chief digital and product officer

US department store chain Target has announced the appointment of Prat Vemana as its new chief digital and product officer. Vemana has been tasked with leading the company’s digital teams, including those in site merchandising, user experience, digital operations and product, as well as its online marketplace, Target+. He will also oversee the...

Business

Target shares rise on 2022 outlook

Shares in Target rose 12 percent in premarket trading Tuesday after the US department store chain reported strong fourth-quarter sales and an optimistic 2022 outlook. Sales in the three months to the end of January increased 9 percent year-over-year to 30.6 billion dollars, while sales in the full year were up 13 percent to 104.6 billion...

Retail

Target launches Black History Month collection

Target is celebrating Black History Month by partnering with its Black team members, designers and other visionaries for an exclusive product assortment and Black Beyond Measure marketing campaign. Its product assortment ranges from apparel and accessories to décor, including products featuring designs from its inaugural three HBCU Design...

Business |Beauty

Imbue haircare expands to the US

British sustainably sourced vegan haircare line, Imbue, has announced that it is expanded to the US in partnership with Target. Backed by celebrity hairstylist Michelle Sultan, Imbue offers a collection of premium haircare and styling products catering to the needs of the curly, coily, 3A-4C hair, a community historically overlooked in the...

Fashion Featured

Target to collaborate with Christopher John Rogers, Rixo and Alexis

US retailer Target is to offer dresses by Christopher John Rogers, Rixo and Alexis for less than 60 US dollars as part of its new The Designer Dress Collection. The accessible collection will feature more than 70 dresses from the three designers and will mark Target’s most size-inclusive collection to date, added the retailer, with sizes ranging...

Retail

Target to invest 2 billion dollars in Black-owned businesses

American retailer corporation Target has announced a commitment to spend more than 2 billion dollars in Black-owned businesses by 2025. Target will add products from more than 500 Black-owned businesses across its multi-category assortment in stores and online, as well as increased spending in Black-owned companies, such as marketing agencies,...

Fashion

Levi Strauss ventures into home goods with Target

Levi’s is creating a limited-edition home collection of thoughtfully-designed, durable pieces to inspire a more sustainable home environment. The line is created in partnership with Target, and will retail exclusively through the company upon its launch on February 28. The two companies worked together to create the collection of items across...

Business

Target earnings exceed estimates

Minneapolis-based Target Corp. (TGT) reported robust growth in both sales and profitability during its third quarter. With an adjusted earnings per share growth of 105.1 percent, and comparable sales increase of 20.7 percent, the company's results surpassed analysts' projections. More than 95 percent of Target's third quarter sales were...