Target

What Target Restock Means for the Retail Industry
May 17, 2017 at 5:06 pm

Earlier this month, Target revealed that it's testing a new service called Target Restock. The service, which is currently in trial with Target employees ahead of a customer-facing pilot this summer in the Minneapolis area, is designed to offer an easy way for consumers to shop online for household essentials that will arrive the day…

Target Cuts CEO's Pay 33% After Disappointing Year
May 2, 2017 at 10:03 am

Target Corp. Chief Executive Officer Brian Cornell got no bonus and saw his pay cut by one-third after a year marred by disappointing sales, customer defections and executive departures. Cornell’s compensation declined 33 percent last year to $11.3 million, most of which came from stock awards valued at $9.65 million, according to a proxy statement filed…

Target’s Innovation Chief to Leave
April 21, 2017 at 11:32 am

Casey Carl, the executive charged with spearheading innovation at Target Corp., is leaving the company as CEO Brian Cornell refocuses efforts on the core business and tries to find quick ways to revitalize stores amid falling sales. Carl has pushed Target to think about the direction of retail beyond the next few years, but the retailer…

Retail CEOs Head to Washington to Fight Proposed Border Tax
February 14, 2017 at 9:58 am

Chief executives of some of the country's largest retailers, including Target, Gap, Best Buy and Autozone, are headed to Washington, D.C. this week to make their case that a controversial tax on imports would raise consumer prices and hurt their businesses, according to people familiar with the plan. The group of eight retail bosses will meet on Wednesday with…

Target Creating its Own Mobile Payment System
January 25, 2017 at 10:14 am

Looks like consumers will have another mobile wallet option to choose from when shopping at Target. The big-box retailer announced this week that it will launch its own mobile payment system later this year, giving customers the ability to pay for purchases with the swipe of their phones. Recode reports it's unclear if Target will add…

Target's Chief Digital Officer Suddenly Departs
September 26, 2016 at 11:10 am

Jason Goldberger, Target’s chief digital officer, has left the company in a sudden shakeup at the Minneapolis-based retailer. Goldberger’s responsibilities will be divided up between Chief Information Officer Mike McNamara and Mike Triton, chief marketing officer. Goldberger is the second high-profile executive to leave Target this month. Chief Marketing Officer Jeff Jones abruptly resigned earlier this…

Target Testing New Loyalty Program Within Cartwheel App
September 14, 2016 at 12:41 pm

Users of Target's wildly popular Cartwheel app are getting a few new loyalty perks. The Consumerist reports that starting this month, Target is testing new rewards features within the Cartwheel app. Guests in pilot markets — Denver, Houston, St. Louis and San Diego — will receive points for nearly every dollar spent at Target. Once a customer…

Target to Hire 70,000 for the Holiday Season
September 13, 2016 at 11:46 am

Target said yesterday that it's hiring 70,000 seasonal workers during the busiest time of year for the retailer. That’s the same number as last year, reflecting a slowdown in the discount retailer’s business and less-than-rosy outlook for the Thanksgiving-to-Christmas period. Of those 70,000, the vast majority will be in Target's stores, but 7,500 will be assigned…

Retail Right Now: August 19
August 19, 2016 at 11:37 am

In this episode of Retail Right Now, I recap the top news stories of the past week, including Barnes & Noble firing CEO Ronald Boire after less than a year on the job; Target's plan to spend $20 million to build single-occupant restrooms to appease shoppers uncomfortable with the retailer's stated policy that allows transgender customers and…

Target to Spend $20M on New Restrooms
August 18, 2016 at 12:07 pm

Target plans to spend $20 million to build single-occupant restrooms to appease shoppers uncomfortable with its stated policy that allows transgender customers and employees to use the restroom of their choice. That statement spurred a public debate on the issue and several protests, including a boycott by the American Family Association. Target hasn't changed its policy,…