Target

Target CEO Exempt From Retirement Rules, Will Stay on 3 More Years
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…

Target to Take Profit Hit Clearing Unwanted Inventory
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…

Target Re-Enters Resale With New thredUP Deal
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…

Target to Open 250 More Ulta Beauty Shops in Stores This Year
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…

Target to Spend $300M to Increase Employee Wages and Benefits
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…

Target to Test Curbside Returns and Starbucks Order Pickup
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…

Report: More Than Half of U.S. Consumers to Shop Online Cyber Weekend
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…

Target Kicks Off Early Holiday Deals With Price-Matching Pledge
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…

Target to Add More Than 100 Disney Shops to Stores
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…

Walmart to Offer Bonuses to Keep Warehouse Workers on the Job Through the Holidays
August 9, 2021 at 6:53 pm

Walmart is offering special bonuses to many warehouse employees to work every hour they're scheduled and, in some cases giving temporary pay raises, as the country’s biggest retailer ramps up for the holiday shopping season with a tight labor market and stretched supply chains. According to The Wall Street Journal, the majority of Walmart’s 190 U.S. warehouses are offering…