Target news and archive

Dwayne ‘The Rock’ Johnson launches men’s skincare brand

Actor, professional wrestler, and entrepreneur Dwayne ‘The Rock’ Johnson has launched an affordable personal care brand for men called Papatui. The skincare line aims to offer “high-quality, hardworking products that are accessibly priced,” and is currently available only in the US through its own e-commerce at papatui.com and in Target stores...

Business

Target prepares to position for growth despite drop in FY sales

US department store giant Target Corporation announced its fourth quarter and full-year 2023 results, with both periods seeing a notable drop in sales despite coming ahead of expectations. For the quarter, comparable sales fell 4.4 percent, reflecting a comparable stores sales decline of 5.4 percent, while full year sales also decreased 1.7...

Retail

Target launches annual post-holiday clearance sales of up to 50 percent off

Retail giant Target Corp. (TGT) announced Tuesday the beginning of the retailer's annual post-holiday sales event - The Target Clearance Run. Guests will find the biggest savings at the retailer's nearly 2,000 stores, along with additional deals on Target.com and in the Target app, including up to 50 percent off clothing, shoes, beauty, toys and...

Business

Sustainable Apparel Coalition launches climate action programme specifically for manufacturers

At its annual meeting at the end of September, the Sustainable Apparel Coalition announced the launch of the Manufacturer Climate Action Program (MCAP) in collaboration with US sports brand Nike and US retail corporation Target. MCAP was introduced as part of SAC’s Decarbonisation Program, designed to “catalyse support and drive the sector...

Retail

Target circle week October 1-7, to hire 100,000 seasonal workers

Target is offering a full week of savings during Target Circle Week, which will be running from October 1 to 7. Ahead of the upcoming holiday shopping season, the retailer also plans to hire nearly 100,000 seasonal team members. Also starting October 1, Deal of the Day program returns with deep daily discounts exclusively for Target Circle...

Business

Target names Lisa Roath chief marketing officer

US department store chain Target Corporation has announced the appointment of Lisa Roath as executive vice president and chief marketing officer. Roath has been tasked with leading the company’s core marketing efforts, including creative, guest marketing strategy, retail brand experience, social media and marketing strategy, among other things....

Business

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...