Target news and archive

Target announces changes to its leadership team

Target Corporation has named Christina Hennington, currently chief growth officer, as chief strategy and growth officer, and Rick Gomez, currently chief food, essentials and beauty officer, as chief commercial officer, overseeing Target's merchandising business, both effective July 7. The company added that Lisa Roath, Target's chief marketing...

Business

Target partners with Shopify to offer third-party merchants

US department store giant Target has established a new partnership with Shopify which will see some of the commerce platform’s own merchants added to the Target Plus marketplace. It marks the first time a mass market retailer has worked with Shopify on such an agreement, therefore expanding both the reach of Shopify and Target’s third-party...

Business

FibreTrace partners with Target and Cargill to trace cotton

FibreTrace, the real-time verification solution for fibre integrity and traceability solutions, is partnering with American retail group Target Corp. and Cargill, which supplies food, ingredients, and agricultural solutions to pave the way for real-time verification of US and Brazilian cotton. In a statement, FibreTrace said the innovative...

Report

Target reports Q1 comparable sales decline of 3.7 percent

Target reported first quarter GAAP and adjusted earnings per share of 2.03 dollars compared with 2.05 dollars in 2023. The company’s first quarter comparable sales declined 3.7 percent, reflecting a comparable store sales decline of 4.8 percent partially offset by a comparable digital sales increase of 1.4 percent. Total revenue of 24.5 billion...

Fashion

Target to launch pickleball collection with Prince

Target has partnered with tennis and lifestyle brand Prince to launch a limited-edition pickleball collection. The Prince for Target collection features more than 80 apparel, sporting goods, and accessories for pickleball, the fastest-growing sport in the United States, according to the 2023 Sports & Fitness Industry Association's topline. The...

Fashion

First Look: Diane von Furstenburg for Target Collection

Ahead of its drop, Target has revealed the entire collection from its latest limited-edition collaboration with the iconic Diane von Furstenberg. Best known for her famous wrap dress and stylish, bold prints, the highly anticipated collection, inspired by art and nature, includes more than 200 items across women’s, girls’, baby apparel,...

Fashion |Beauty Featured

Dwayne ‘The Rock’ Johnson launches men’s skincare brand

Actor, professional wrestler, and entrepreneur Dwayne ‘The Rock’ Johnson has launched an affordable personal care brand for men called Papatui. The skincare line aims to offer “high-quality, hardworking products that are accessibly priced,” and is currently available only in the US through its own e-commerce at papatui.com and in Target stores...

Report

Target prepares to position for growth despite drop in FY sales

US department store giant Target Corporation announced its fourth quarter and full-year 2023 results, with both periods seeing a notable drop in sales despite coming ahead of expectations. For the quarter, comparable sales fell 4.4 percent, reflecting a comparable stores sales decline of 5.4 percent, while full year sales also decreased 1.7...

Fashion

Target collaborates with Diane von Furstenberg for limited spring collection

Belgian fashion designer Diane von Furstenberg has teamed up with none other than Target to launch a limited-edition collection for spring. The Diane von Furstenberg for Target collection is set to include some of her eponymous brand's statement styles, such as the ever-iconic wrap dress, famous prints and patterns, as well as other categories...

Retail

Target launches annual post-holiday clearance sales of up to 50 percent off

Retail giant Target Corp. (TGT) announced Tuesday the beginning of the retailer's annual post-holiday sales event - The Target Clearance Run. Guests will find the biggest savings at the retailer's nearly 2,000 stores, along with additional deals on Target.com and in the Target app, including up to 50 percent off clothing, shoes, beauty, toys and...

Business

Sustainable Apparel Coalition launches climate action programme specifically for manufacturers

At its annual meeting at the end of September, the Sustainable Apparel Coalition announced the launch of the Manufacturer Climate Action Program (MCAP) in collaboration with US sports brand Nike and US retail corporation Target. MCAP was introduced as part of SAC’s Decarbonisation Program, designed to “catalyse support and drive the sector...

Retail

Target circle week October 1-7, to hire 100,000 seasonal workers

Target is offering a full week of savings during Target Circle Week, which will be running from October 1 to 7. Ahead of the upcoming holiday shopping season, the retailer also plans to hire nearly 100,000 seasonal team members. Also starting October 1, Deal of the Day program returns with deep daily discounts exclusively for Target Circle...