Target

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 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…

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 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…

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…

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 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 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 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…

Following in the footsteps of one of its largest competitors, Target announced Wednesday that it would cover the cost of college for its more than 340,000 U.S.-based part-time and full-time employees working in Target stores, distribution centers and headquarters beginning this fall. The move comes days after Walmart announced it would cover college tuition and books…