Target

Lowe's has cut approximately 600 corporate and support roles, impacting less than 1 percent of its total workforce. The move is aimed at strengthening the home improvement retailer's focus on frontline associates and better aligning resources to support stores and employees. A number of LinkedIn posts indicated employees impacted worked in product design, UX and…

Target has given its store in New York City’s SoHo neighborhood a new look, reports CNBC. The one-of-a-kind concept store, which opened Tuesday, will have rotating merchandise, curated displays chosen by celebrities and influencers, and other kinds of special programming, Chief Guest Experience Officer Cara Sylvester said. The Minneapolis-based retailer is in the middle of…

Target announced on Tuesday that it will cut prices on 3,000 food, beverage and household essentials, joining retailers across the nation lowering prices on milk, eggs and butter ahead of the holiday season. The moves come as millions of Americans await November federal Supplemental Nutrition Assistance Program (SNAP) benefits and others remain cautious about higher…

Ulta Beauty and Target announced late last week that they have decided to end a deal that opened makeup and beauty shops in hundreds of Target’s stores, reports CNBC. In a news release, the companies said the partnership — which also added some of Ulta’s merchandise to Target’s website — will end in August 2026.…

Target filed more trademark applications than any other company in the U.S. last year, reflecting its aggressive push to expand its private-label portfolio amid a competitive retail landscape. Target Brands Inc., the Minneapolis-based retailer’s subsidiary, submitted 525 trademark applications to the USPTO in 2024, the most among all companies, including entertainment, gaming, and pharmaceutical players.…

President Donald Trump on Monday met with chief executives from three of the nation’s top retailers, who came to the White House to discuss how his sweeping tariff plans could impact their import-heavy business models, reports CNBC. Walmart CEO Doug McMillon, Target CEO Brian Cornell, and The Home Depot CEO Ted Decker were in attendance…

Target salaried employees who are eligible for bonuses will only receive 87 percent of their potential bonus for fiscal year 2024 based on total-year financial performance, reports YahooFinance. That percentage is a considerable drop from FY 2023, when bonuses were paid at 100 percent. In earnings reported March 4 for FY 2024, Target announced that…

Target announced that it’s rolling back diversity, equity and inclusion programs — including some that aim to make its workforce and merchandise better reflect its customers. In a memo sent to its employees, the Minneapolis-based retailer said it will end its three-year DEI goals, stop reports to external diversity-focused groups like the Human Rights Campaign’s…

Target on Wednesday missed Wall Street’s quarterly earnings and revenue expectations and posted only a slight uptick in customer traffic, despite the discounter's price cuts on thousands of items and its early holiday sale. The big-box retailer reversed course and cut its full-year profit guidance, just three months after hiking that forecast. Target now expects fourth-quarter…

Target said Monday it will lower prices on approximately 5,000 frequently bought items as it seeks to stay competitive amid signs consumers are experiencing price fatigue. The company said in a statement that the price cuts are concentrated in grocery staples like milk, meat, bread, fruit and vegetables, as well as paper towels and diapers, with…