Target news and archive

Target announces executive leadership changes under new CEO Michael Fiddelke

US-based retail giant Target Corporation has announced a series of executive leadership changes as part of a strategic reorganisation under its new chief executive officer, Michael Fiddelke. The appointments, effective February 15, 2026, are designed to simplify the corporate structure and accelerate the company’s growth plans by focusing on...

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Target leverages Gen AI to accelerate production and trend forecasting

The American value retailer is looking to move faster than ever before to engage with shoppers where trends emerge, as data from the HubSpot Consumer Trend Report 2024/2025 found that 85 percent of Gen Z and Millennials want to purchase trending products within 24 hours of seeing them on social media. Target has invested in new tools, such as...

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Retail|In Pictures

Target opens new concept store in SoHo, New York

American retailer Target has transformed its SoHo store into a one-of-a-kind concept store “where everyday shopping meets play, discovery and style,” bringing to life the brand’s DNA in an immersive, experiential format. Located at 600 Broadway, Target SoHo is described as a “new expression of the Target brand,” geared around inspiring consumers...

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Target announces strategic initiatives amid Q3 sales decline

Target Corporation reported lower earnings for the third quarter of 2025, with GAAP earnings per share (EPS) of 1.51 dollars and adjusted EPS of 1.78 dollars, down from 1.85 dollars a year earlier. The company said the decline reflects ongoing pressures in merchandising and operating costs. Net sales for the quarter were 25.3 billion dollars,...

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Target set to launch first-ever curated shopping experience in ChatGPT

Target is set to launch a new shopping experience with an advanced AI chatbot, ChatGPT, as part of its ongoing efforts to leverage AI to enhance the customer journey. Launching in time for the holiday season, the new Target app in ChatGPT will offer a full shopping experience, where customers will be able to browse and purchase multiple products...

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Clarks strikes partnerships with Shein, Walmart and TikTok Shop

Footwear retailer Clarks has announced a slew of new wholesale partnerships with digital platforms as part of wider efforts to strengthen its online footprint. The company has announced its launch on fast fashion giant Shein; US retailers Walmart and Target; off-price platform Secret Sales; and social media site TikTok Shop. Speaking on the...

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Target to cut 1,800 headquarter jobs in restructuring

US retail giant Target has said it will be cutting 1,800 jobs, reflecting 8 percent of the company’s global headquarters team, as part of a restructuring to simplify the business. According to an internal memo seen by ABC News, the cuts will include 1,000 layouts and the closing out of 800 open roles. Those impacted will receive pay and benefits...

Fashion

Target to launch limited-edition collection with Woolrich

Target has partnered with luxury outdoor brand Woolrich to create a special limited edition capsule collection. Launching October 18 in select stores and online, the Woolrich x Target collection features over one hundred items spanning apparel, accessories, home, gear, food, and beverage for women and men, with prices starting at 2 dollars and...

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Michael Fiddelke to lead Target as new CEO starting February 2026

Target Corporation has announced a major leadership change, with its board of directors unanimously electing Michael Fiddelke as the new chief executive officer. Fiddelke, who currently serves as chief operating officer, will also join the board of directors. Both appointments will be effective on February 1, 2026. Current CEO Brian Cornell will...

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Retail|REPORT

How Tariffs, Interest Rates & Geopolitical Tensions Are Shaping US Retail Right Now

Consumers across the nation are cautiously optimistic about the current state of the United States. However, many of us may feel a tad more positive this month than earlier this year (hello summer!), but most remain rather concerned about potential economic slowdowns and increasing prices. Key insights into shifting retail spending habits from...

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Gap, Houdini and Target partner with Syre on commercial launch of circular polyester

Textile-to-textile recycling firm Syre has established a strategic partnership with Gap Inc., Houdini Sportswear and Target ahead of the commercial launch of its circular polyester product. All of the companies have agreed, within their own capabilities, to utilise the company’s polyester, furthering both Syre’s mission of reaching a broader...

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Target aims to drive growth with New Acceleration Office after Q1 sales drop

Target Corporation released its first quarter 2025 financial results, reporting net sales of 23.8 billion dollars, a 2.8 percent decrease versus the same period last year. The retailer highlighted digital comparable sales growth of 4.7 percent, driven by a significant 36 percent surge in same-day delivery through its Target Circle 360 program...