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Tag: target

Trump asks Walmart, Target and other retail giants to help tackle the Coronavirus crisis

Brian Cornell, chief executive officer and chairman of Target Corp., left, speaks during a news conference with President Donald Trump in the Rose Garden of the White House in Washington, D.C., on Friday, March 13, 2020. Andrew Harrer | Bloomberg | Getty Images Two days after the World Health Organization declared the coronavirus a global …

Trump asks Walmart, Target and other retail giants to help tackle the Coronavirus crisisRead More

Target (TGT) earnings Q4 2019 outpace on earnings, miss on sales

A Target store in Culver City, California. Mark Ralston | AFP | Getty Images Target on Tuesday outpaced fourth-quarter earnings expectations, but revenue fell short because of weak sales of toys, electronics and home goods over the holidays. Shares were trading down nearly 3% at midday.  Here’s what Target reported compared with what analysts were expecting, …

Target (TGT) earnings Q4 2019 outpace on earnings, miss on salesRead More

Target to add fresh food, alcohol to same-day pickup at some stores

The grocery section of a redesigned Target store in Duarte, California. Source: Target Target is adding fresh food staples and alcohol to same-day services at hundreds of its stores this year. That means along with paper towels or bags of chips, many customers can pick up a gallon of milk, a bunch of bananas or …

Target to add fresh food, alcohol to same-day pickup at some storesRead More

Target cancels in-person investor day in New York City due to coronavirus

A cashier places a bag of items in a customer’s shopping cart at a Target Corp. store in Chicago, Illinois, U.S., on Saturday, Nov. 16, 2019. Daniel Acker | Bloomberg | Getty Images Target has canceled its in-person analyst and investor meeting in New York City amid concerns about the coronavirus outbreak. Instead of holding the …

Target cancels in-person investor day in New York City due to coronavirusRead More

Target raised wages. Then it cut workers’ hours and doubled their workload | Business

Adam Ryan, 31, has worked at Target in Christiansburg, Virginia, for three years. He works additional jobs whenever he’s able to, but is regularly scheduled only 20 hours per week at Target, despite having open availability. “I have to live with my family because I can’t afford rent on my own. I don’t have health …

Target raised wages. Then it cut workers’ hours and doubled their workload | BusinessRead More

Target could be loser in Casper IPO, and not the only one

Target was reportedly interested in acquiring Casper before ultimately taking an $80 million stake in the start-up as a venture investor at a time when it was valued at $1.1 billion. That equity stake is set to see its value decline in an IPO. Laura Buckman | Bloomberg via Getty Images Target is known for …

Target could be loser in Casper IPO, and not the only oneRead More

Leadership changes at Target | Chain Store Age

Get great content like this right in your inbox. Subscribe Mark Schindele A longtime Target exec is retiring. Target announced the retirement of executive VP and chief stores officer Janna Potts, who has been with the retailer for 30 years, serving in a variety of leadership roles. Potts, who will remain with the company in …

Leadership changes at Target | Chain Store AgeRead More

Be careful with Walmart after Target’s slower holiday

A Walmart worker organizes products for Christmas season at a Walmart store in Teterboro, New Jersey. Eduardo Munoz | Reuters If Target had a tough holiday shopping season, its likely Walmart did, too, according to Morgan Stanley. The firm lowered its same-store sales estimates for Walmart’s fourth quarter to 2% from 2.5%, after Target’s disappointing …

Be careful with Walmart after Target’s slower holidayRead More

Target gives investors ‘great’ chance to buy after strong 2019

Investors might want to take their shot at Target. One of 2019’s best-performing retail stocks with an impressive 94% annual gain, Target is off to a rocky start in 2020, plunging over 6.5% on Wednesday after reporting weaker-than-expected holiday sales. That brings Target’s total year-to-date loss to roughly 9%. Macy’s stock, which ended 2019 with a …

Target gives investors ‘great’ chance to buy after strong 2019Read More

Target holiday sales disappoint amid weakness in electronics, toys and home

Target Corp. surprised analysts by reporting sluggish holiday sales that missed the chain’s estimates. Target’s comparable sales inched up 1.4% in the combined November/December period, compared to growth of 5.7% a year ago. Comparable digital sales increased 19% during the holiday shopping season, driven primarily by the company’s same-day fulfillment services (Order Pick Up, Drive …

Target holiday sales disappoint amid weakness in electronics, toys and homeRead More