Target

Speed (or a Lack Thereof) Kills: Why App Performance is a Priority for Target
October 3, 2017 at 1:20 pm

In a session last week at the Shop.org conference in Los Angeles, Grace Glenny, director of site merchandising at Target, discussed how the big-box chain is ensuring its mobile app is primed for performance — without sacrificing functionality — to give its customers the instantaneous shopping experiences they’ve come to expect. Target has recently shifted…

Target's Small-Format Stores Are Working
August 18, 2017 at 10:37 am

On the company’s second-quarter earnings call, Target Chief Executive Brian Cornell said the retailer would be nearly doubling the number of small-format stores it has this year, with the ultimate goal of having more than 100 open for business over a three-year period. The plan is to have 30 in 2017, said Chief Operating Officer…

Republicans Scrap Border Adjustment Tax Plan
July 28, 2017 at 9:28 am

Top Republicans driving the GOP tax reform effort have given up on border adjustment. The border adjustment proposal was a key revenue-raising plank of the plan House Republicans unveiled last year. It would have taxed imported products but let exports go untaxed. Retailers that get many of their products from overseas raised concerns about the proposal, saying…

Target to Merge Cartwheel Into its Main App
June 13, 2017 at 8:30 am

Target’s mobile app strategy will undergo a significant change, starting this summer. The retailer announced it will soon combine the functionality of its Cartwheel savings app with its main shopping app. The Cartwheel app will be shut down. The Target app will also receive a notable upgrade this year, adding support for an indoor map…

Trump's Plan to Slash Food Stamp Assistance Could Impact Retailers
June 6, 2017 at 9:38 am

President Trump's proposed budget is expected to slash $193 billion from the federal government's Supplemental Nutrition Assistance Program, or SNAP, from 2018 to 2028. SNAP currently has an annual cost of around $70 billion. Should Trump's plan be approved by Congress, millions of Americans may be forced to bear the brunt of the drastic changes, with the…

Target Investing $75M in Mattress Startup Casper
May 30, 2017 at 9:11 am

Target has finalized an investment in Casper Sleep, pumping $75 million into the fast-growing mattress startup in a funding round that will total $100 million or more, according to a source familiar with the deal. Existing Casper investors like Lerer Hippeau Ventures, IVP and NEA are also participating in the round. New investors, in addition…

Target's Brian Cornell Testifies Against BAT
May 26, 2017 at 9:40 am

On Tuesday, Brian Cornell, CEO of Target, testified against what has been dubbed the border adjustment tax (BAT) to the House tax-writing committee, as many large retailers are leery of a tax on the thousands of products they import from foreign markets. The proposed 20 percent tax on imported goods has been touted as a…

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…