Target
October 27, 2022 at 4:19 pm
Target has more than tripled the number of Apple at Target shop-in-shops this year, now reaching more than 150 locations, the retailer announced Wednesday. The expanded collaboration gives more consumers a one-stop-shop for Apple products and accessories just in time for the holidays. Members of Target Circle, the retailer's loyalty program, now have access to a…
September 7, 2022 at 5:33 pm
Target CEO Brian Cornell will stay on to lead the retailer for three more years, bypassing the company's policy of retiring at 65, Target announced Wednesday. Cornell, 63, has led the company since 2014. Target said in a press release Wednesday that in allowing Cornell to stay on for three additional years, the company had…
June 7, 2022 at 7:25 pm
Target warned investors Tuesday that its profits will take a short-term hit as it marks down unwanted items, cancels orders, and takes aggressive steps to get rid of extra inventory, reports CNBC. The retailer slashed its profit margin expectations for the fiscal second quarter from around 5 percent to around 2 percent to account for a…
April 12, 2022 at 9:08 pm
Target is getting back into secondhand sales through a deal with resale company thredUP, reports CNBC. The big-box retailer confirmed Friday that it launched a page on thredUP’s website in late March that includes listings of women’s and kids’ apparel, along with accessories. Some items are from Target’s private labels, such as kids’ clothing brand Cat…
March 1, 2022 at 5:34 pm
More Target stores will get an Ulta Beauty shop added in 2022, reports USA Today. The retailer announced Monday that it plans to open 250-plus additional small beauty shops inside its stores this year after opening 101 locations and an online store since August 2021. Target didn't release a list of the upcoming locations, but…
February 28, 2022 at 6:48 pm
Target on Monday said it will invest $300 million in the year ahead to increase its pay and benefits packages for employees. For example, the retailer is increasing hourly pay from $15 to between $15 and $24 for employees at stores, supply chain facilities and corporate offices. Target is also making it easier for hourly workers…
February 24, 2022 at 7:10 pm
Customers at select Target stores will be able to pick up a Starbucks coffee and make a return without leaving their car later this year. The retailer announced Wednesday that it will start to add those services to Drive Up, its curbside pickup option, at select stores in the fall. It declined to identify store locations or give…
November 22, 2021 at 8:56 pm
For the first time in history, more than half of U.S. consumers will shop online between Thanksgiving and Cyber Monday, with online retail sales approaching one-third of all Cyber weekend sales, according to a report from Numerator, a data and tech company serving the market research space. Last year, 47 percent of households shopped online…
October 4, 2021 at 8:30 pm
Target announced last week that from Oct. 10 through Dec. 24, shoppers will be able to request a price adjustment on any item purchased at Target if the company drops the price later in the season. Target said it will continue to match select competitors’ pricing within 14 days of a customer’s purchase, as it…
August 23, 2021 at 7:05 pm
Target announced that it plans to nearly triple the number of Disney shops inside its stores by the end of year in an effort to help drive foot traffic as the holiday season approaches. The national retailer, which has about 1,900 stores in the U.S., began opening Disney shops in select locations in 2019. With the…
