Target Corporation news and archive

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...

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 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...

BusinessFeatured

Target posts Q2 adjusted EPS growth of 19.8 percent

Target Corporation reported comparable sales growth of 6.5 percent and traffic growth of 6.4 percent in the second quarter. The Company reported GAAP EPS from continuing operations of 1.49 dollars, up 22.7 percent from 1.21 dollars in second quarter 2017, while adjusted EPS rose 19.8 percent to 1.47 dollars compared to 1.22 dollars last year. “...

People

Target appoints Dmitri Stockton to its board of directors

Target Corporation’s board of directors has elected Dmitri L. Stockton, former senior vice president and special advisor to the chairman of General Electric Company, as a new director, effective March 5, 2018. “Dmitri’s impressive career includes three decades of leading complex global businesses and teams of tens of thousands through times of...

Fashion

Target US segment sales down 0.9 percent in 2013

REPORT_ Target Corporation reported full-year 2013 adjusted earnings per share of 4.38 dollars and fourth quarter net earnings of 520 million dollars, or 0.81 dollars per share, and full-year net earnings of 1,971 million dollars, or 3.07 dollars per share. Full-year 2013 sales decreased 0.9 percent to 71.3 billion dollars from 72 billion...