Target

Target to Invest $2B in Black-Owned Businesses by 2025
April 7, 2021 at 4:25 pm

Target announced it will partner with more Black-owned companies, CNBC reported. The retail chain will also launch a program to identify and support rising minority entrepreneurs, and include products from more than 500 Black-owned brands on its shelves or website. All of these initiatives combined will leave Target spending more than $2 billion with Black-owned businesses…

Target Helps Underserved Communities Gain Access to COVID-19 Vaccine
April 5, 2021 at 5:19 pm

Target announced today that it's contributing $1 million to local and national nonprofits offering access to free and discounted rides to coronavirus vaccination appointments through Lyft’s Universal Vaccine Access campaign. The campaign, which also features partnerships with JPMorgan Chase, Anthem Inc., and United Way, provides underserved communities access to rides to and from vaccination sites across the country. Target's…

Target to Open 'Mini Apple Shops' in Select Stores
February 25, 2021 at 7:24 pm

Target announced yesterday that a new "enhanced Apple shopping experience" will debut on its website as well as begin being rolled out this month to 17 stores across the country. The mini Apple shops are scheduled to arrive in additional Target stores by the end of fall. The new concept doubles Apple’s footprint in select Target…

Target to Pay Workers to Get COVID-19 Vaccine, Joining Other Retailers
February 11, 2021 at 4:25 pm

Target will offer its employees free transportation and pay for the time taken to receive the COVID-19 vaccine, and Target-owned grocery delivery service Shipt will also offer stipends to its contract workers. All Target hourly employees who choose to get vaccinated will get up to four hours of pay — two hours for each dose…

Target to Spend $200M for More Bonuses to Employees
January 25, 2021 at 6:40 pm

Target said Monday it will spend $200 million on another round of employee bonuses and extend its coronavirus-related benefits after its strong holiday season. Indeed, Target has been one of the beneficiaries of pandemic trends, as shoppers consolidate trips, fill up bigger baskets and use curbside pickup. That pattern continued over the holidays, boosting the…

Ulta to Open Hundreds of Shops Inside Target Stores
November 10, 2020 at 2:15 pm

Target and Ulta Beauty announced a deal Tuesday to open makeup and skincare shops inside of hundreds of Target stores across the country. Target CEO Brian Cornell said starting in the second half of next year, shoppers will find a smaller version of an Ulta store in more than 100 of Target’s stores and on…

Target to Pay More Than $70M in Bonuses to Hourly Employees
October 21, 2020 at 2:47 pm

Target said earlier this week that it will spend more than $70 million on another round of employee bonuses during the coronavirus pandemic, as the holiday shopping season picks up. The retailer will pay $200 to its more than 350,000 employees who work at stores, distribution centers and contact centers. It will pay the bonuses by early…

Walmart, Target to Hold Sales Events Opposite Prime Day
September 29, 2020 at 6:07 pm

Amazon Prime Day won't be the only big sales event in October. Walmart and Target have both announced plans to host their own online sales events that just happen to coincide with Amazon's annual shopping fest. On Monday, Walmart said it will be holding a "Big Save" online event that runs Oct. 11 through Oct. 15. Walmart will offer Black…

Target Pledges to Increase Number of Black Employees by 20% Over 3 Years
September 14, 2020 at 9:21 pm

In conjunction with the release of a racial and gender breakdown of its team across all levels of the company, Target last week announced plans to increase representation of Black team members by 20 percent over the next three years by sharpening its focus on advancement, retention and hiring. Target said it has had diversity and inclusion…

Big-Box Retailers Post Strong Sales, Profits Amidst Pandemic
August 20, 2020 at 11:21 am

On Wednesday, Target reported the greatest percentage increase in quarterly sales in the company’s history. Walmart, which reported earnings on Tuesday, doubled its e-commerce sales. Home Depot’s sales increased more than 23 percent in this year’s second quarter. Lowe's announced that its second quarter sales surged 30 percent, boosted by a 135 percent increase in e-commerce sales. Wayfair reported earlier that its revenue…