Target news and archive

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...

Fashion |In Pictures Featured

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,...

People

Target appoints Jim Lee as chief financial officer

Target Corporation has appointed Jim Lee as chief financial officer and a member of its leadership team effective September 22, 2024. In his new role, Lee, the company said in a release, will be responsible for financial planning and analysis, finance capabilities, internal audit, accounting, investor relations, treasury, tax, risk, financial...

Fashion

Target to launch exclusive Cuddle Collab Pet Apparel

Monday, Target Corp. (TGT) announced the launch of 'The Cuddle Collab,' its inaugural exclusive collection for pets and their owners, set to debut on September 21, 2024. This collection includes over 180 items inspired by six popular social media pet influencers dubbed 'fur-fluencers,' with prices beginning at 3 dollars. The product range...

Business

Target, TJX & Macy's Q2 earnings top all estimates

Retailers Target Corp. (TGT), TJX Cos. Inc. (TJX) and Macy's, Inc. (M) reported Wednesday profits for the second quarter that topped analysts' estimates. Quarterly revenues at Target and TJX also beat estimates, while it misses by a whisker at Macy's. The improved results at the retailers were driven by gross margin expansion. Target and TJX...

Fashion |Beauty

Blake Lively releases new haircare line at Target

Actress Blake Lively, best known for her role as Serena on ‘Gossip Girl,’ is offering consumers a new take on celebrity haircare by sharing her secrets to healthy and beautiful hair. ‘Blake Brown’ has been created following Lively’s personal haircare regimen built on a system that alternates between strengthening and nourishing in partnership...

People

Target announces changes to its leadership team

Target Corporation has named Christina Hennington, currently chief growth officer, as chief strategy and growth officer, and Rick Gomez, currently chief food, essentials and beauty officer, as chief commercial officer, overseeing Target's merchandising business, both effective July 7. The company added that Lisa Roath, Target's chief marketing...

Business

Target partners with Shopify to offer third-party merchants

US department store giant Target has established a new partnership with Shopify which will see some of the commerce platform’s own merchants added to the Target Plus marketplace. It marks the first time a mass market retailer has worked with Shopify on such an agreement, therefore expanding both the reach of Shopify and Target’s third-party...

Business

FibreTrace partners with Target and Cargill to trace cotton

FibreTrace, the real-time verification solution for fibre integrity and traceability solutions, is partnering with American retail group Target Corp. and Cargill, which supplies food, ingredients, and agricultural solutions to pave the way for real-time verification of US and Brazilian cotton. In a statement, FibreTrace said the innovative...

Business

Target reports Q1 comparable sales decline of 3.7 percent

Target reported first quarter GAAP and adjusted earnings per share of 2.03 dollars compared with 2.05 dollars in 2023. The company’s first quarter comparable sales declined 3.7 percent, reflecting a comparable store sales decline of 4.8 percent partially offset by a comparable digital sales increase of 1.4 percent. Total revenue of 24.5 billion...

Fashion

Target to launch pickleball collection with Prince

Target has partnered with tennis and lifestyle brand Prince to launch a limited-edition pickleball collection. The Prince for Target collection features more than 80 apparel, sporting goods, and accessories for pickleball, the fastest-growing sport in the United States, according to the 2023 Sports & Fitness Industry Association's topline. The...