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Target's in-store sales over the holidays jumped 17% higher than 2019, despite the pandemic. Online sales were up 102%.

Target sales rose 17.2% over the holidays compared to the previous year. AP Target announced Wednesday that same-store sales rose 17% over the holiday season compared to the previous year, despite the pandemic. Store traffic increased 4.3% in the November-December period compared to 2019, the retailer said. Home goods were the most popular, followed by electronics, food and beverage, beauty and essentials, and apparel. Online sales more than doubled compared the previous year. Visit Busine...
Tags: Business, Shopping, Minneapolis, US, Sales, Trends, E-commerce, Online Shopping, Retail, Earnings, Target, Holiday Season, Brian Cornell, Target Corporation, Tech Insider, Kate Duffy Reuters


Target's sales over the holidays jumped 17% higher than 2019, despite the pandemic. Online sales were up 102%.

Target sales rose 17.2% over the holidays compared to the previous year. AP Target announced Wednesday that same-store sales rose 17% over the holiday season compared to the previous year, despite the pandemic. Traffic increased 4.3% in the November-December period compared to 2019, the retailer said. Home goods were the most popular, followed by electronics, food and beverage, beauty and essentials, and apparel. Online sales more than doubled compared the previous year. Visit Business Ins...
Tags: Business, Shopping, Minneapolis, US, Sales, Trends, E-commerce, Online Shopping, Retail, Earnings, Target, Holiday Season, Brian Cornell, Target Corporation, Tech Insider, Kate Duffy Reuters


Target CEO Brian Cornell says retailer is benefiting from its 'one-stop solution' advantage

Target said its diverse assortment, from groceries to apparel, has taken on additional importance as shoppers limit trips during the...
Tags: Brian Cornell


Target's earnings smashed analyst expectations. Its revenue for the quarter jumped past $22 billion, and its online sales are booming – but more customers are visiting its stores, too.

Joe Raedle/Getty Images Target's total comparable sales were up 20.7% in the third quarter, the retailer said Wednesday. This was led by a massive e-commerce boom, with digital comparable sales rocketing 155% year-on-year, Target said. More customers are buying from Target online — but more people are visiting its stores, too, and their average basket price is bigger. Total revenue for the quarter reached $22.6 billion, an increase of 21.3% compared with last year. Visit Business Insider'...
Tags: Trends, Brian Cornell, FactSet, IBES, Grace Dean, Kraft Heinz US


Biden and Harris met with the CEOs of Microsoft, Gap, General Motors, and Target to discuss the COVID-19 economic recovery. 'I'm a union guy,' Biden said.

President-elect Joe Biden and Vice President-elect Kamala Harris. Drew Angerer/Getty President-elect Joe Biden and Vice President-elect Kamala Harris spoke with labor leaders and top CEOs on Monday to discuss economic recovery from the COVID-19 pandemic, a transition aide told Reuters. The group included the CEOs of General Motors, Microsoft, Target, and Gap, as well as the president of the American Federation of Labor and Congress of Industrial Organizations. Biden told attendees that "un...
Tags: Politics, Microsoft, Unions, Satya Nadella, US, Trends, General Motors, Joe Biden, US politics, Trade unions, Economic recovery, Gap, Biden, Donald Trump, Target, Kamala Harris


Target to hold grand openings for six Southern California stores

Target will hold a grand opening Sunday, Oct. 25 for six new Southern California stores, bringing the retailer’s Southland total to 114 locations. One of the stores, on West Sunset Boulevard in Los Angeles, is 150,000 square feet, but the rest are small-format locations that average around 30,000 square feet. They will collectively employ more than 600 workers. That will bump the Minneapolis-based retailer’s local workforce to nearly 21,000, and it will boost its nationwide store count to nearly...
Tags: Amazon, Business, News, Minneapolis, California, Los Angeles, Walmart, Sport, Economy, Soccer, Target, Cornell, Brian Cornell, Southern California, Southland, Mulligan


Target just launched a slew of new safety procedures for the holidays, including new technology that lets customers check for lines outside of stores and reserve spots if needed

AP Target will now monitor lines outside stores in the case that a store is at capacity, and customers can reserve a spot in line.  The retailer will also expand curbside and in-store pickup in order to accommodate holiday shoppers.  Visit Business Insider's homepage for more stories. On Thursday, Target unveiled some new procedures ahead of the holiday shopping season. The company released its newest guidelines for shoppers, including technology that will allow customers to see if there ...
Tags: Holiday Shopping, Holidays, US, Trends, Retail, Target, Cnbc, Brian Cornell, Barbara Smith, Big Box, Curbside Pickup, AP Target, CNBC Cornell


Target is giving frontline workers $70 million in bonuses — but their growing gig workforce say they just got hit with a major pay cut

Target will award $200 bonuses to 350,000 workers. AP Target just gave 350,000 frontline workers $70 million in bonuses. The company announced the bonus Monday, the same day some of its Shipt gig workforce protested outside Target headquarters in Minneapolis calling for fairer pay. Willy Solis, a lead organizer with the nonprofit Gig Workers Collective, said gig Shoppers were a part of why Target was able to enjoy 273% annual growth in same-day service sales — including curbside pick up, d...
Tags: Amazon, Minneapolis, Trends, Walmart, Brian Cornell, Snyder, Solis, Shipt, Molly Snyder, Allana Akhtar, Willy Solis, Gig Workers Collective, AP Target, Shipt Shopper, Shipt Shoppers


Target is taking a page from Amazon's book and launching its Deal Days sales on October 13 and 14

Target's Deal Days will coincide with Amazon's Prime Day event. Joe Raedle/Getty Images Target's Deal Days will occur on October 13 and 14 this year. The second-ever Deal Days event will once again coincide with Amazon's Prime Day. "The two-day event will feature digital deals on hundreds of thousands of items, more than double last year," a Target spokesperson told Business Insider in a statement. Visit Business Insider's homepage for more stories. Target's Deal Days event will ta...
Tags: Amazon, Trends, Retail, Seattle, Target, Cnbc, Brian Cornell, Amazon Prime Day, Shopkick, Prime Day, Aine Cain, Coresight Research, Amazon Prime Day 2020, BI Select


Walmart, Target, and Kohl's are slated to hire an estimated 240,000 employees this holiday season — many of which will be dedicated to fulfilling online orders

This holiday season, retailers are betting big on e-commerce. Suzanne Kreiter/The Boston Globe via Getty Images National retailers like Walmart, Target, and Kohl's are betting big on e-commerce this holiday season. Those three companies alone plan to hire an estimated 240,000 seasonal workers. Consumers in the US have increasingly come to rely on e-commerce during the coronavirus pandemic. Visit Business Insider's homepage for more stories. Walmart, Target, and Kohl's plan to hire a combin...
Tags: US, Trends, Walmart, Workers, Retail, Target, Cornell, Cnbc, Brian Cornell, Boston Globe, Kohl, Milwaukee Journal Sentinel, Greg Smith, Walmart Target, Amazon Walmart, Kohl's


Target shifts holiday staffing plans to handle online sales boom

Target Corp. will rethink its holiday staffing plans this year with a focus on using its nearly 1,900 stores to fulfill online orders, a sign of the times as customers increasingly turn to e-commerce during the pandemic.That’s quite a departure for a retailer that has tried to ramp up holiday spirit in recent years, with added in-store decorations and expanded toy departments. “We’re preparing for a holiday season unlike any we’ve seen before,” Chief Executive Officer Brian Cornell said on a cal...
Tags: Business, Holidays, America, Sport, Soccer, Brian Cornell, Target Corp, Covid Benefits


Target adds to its Good & Gather brand as private labels sales soar

Brendan McDermid/Reuters Target is adding hundreds of new items to its exclusive Good & Gather brand. The retail giant is also starting a new premium line called Good & Gather Signature, which will feature nearly 60 Italian sauces, specialty coffees as well as gourmet pizzas and pastas.  Online consumption has also been working in Target's favor recently, as digital same-store sales climbed 195% in the quarter ended August 1.  Visit Business Insider's homepage for more stories.  Target wi...
Tags: US, Trends, Cornell, Cnbc, Brian Cornell, Evan Sully, Brendan McDermid Reuters Target


The holidays will be here around Halloween, as Target, Kohl's, and Nordstrom roll out deals earlier than ever this year

Retailers want to avoid this scene this upcoming holiday season. TREVOR COLLENS/AFP/Getty Images For many retailers, the holiday shopping season will begin well before Thanksgiving this year. Retailers want to avoid crowds and large order volumes that could lead to delays. Complicating matters, UPS, FedEx, and the US Postal Service have all announced surcharges on holiday shipping that will go into effect later this year.Visit Business Insider's homepage for more stories.This year, shoppers...
Tags: Nordstrom, Trends, Walmart, US Postal Service, Victoria, Target, Cornell, Cnbc, Brian Cornell, Kohl, Abercrombie Fitch, HOROWITZ, L Brands, Fran Horowitz, UPS FedEx, Madeline Stone


Target, Kohl's, and Nordstrom are rolling out holiday deals before Thanksgiving, killing the shopping season as we know it

Retailers want to avoid this scene this upcoming holiday season. TREVOR COLLENS/AFP/Getty Images For many retailers, the holiday shopping season will begin well before Thanksgiving this year. Retailers want to avoid crowds and large order volumes that could lead to delays. Complicating matters, UPS, FedEx, and the US Postal Service have all announced surcharges on holiday shipping that will go into effect later this year.Visit Business Insider's homepage for more stories.This year, shoppers...
Tags: Nordstrom, Trends, Walmart, US Postal Service, Victoria, Target, Cornell, Cnbc, Brian Cornell, Kohl, Abercrombie Fitch, HOROWITZ, L Brands, Fran Horowitz, UPS FedEx, Madeline Stone


Target sets sales record in Q2 as same-day services grow 273%

Following Walmart’s pandemic-fueled earnings beat posted on Tuesday, Target today also handily beat Wall Street expectations to deliver a record-setting quarter across a number of key metrics. The retailer on Wednesday announced its strongest quarter to date for comparable sales, which grew 24.3% in Q2, driving Target’s profit up 80.3% year-over-year to $1.69 billion. Online ordering was particularly popular, Target noted, with digital sales growing 195%. Same-day services like Drive Up, Orde...
Tags: Ecommerce, Shopping, Tech, Walmart, E-commerce, Online Shopping, Gm, Retail, Online Retail, Target, Cornell, Brian Cornell, Yahoo Finance, Shipt, Walmart Target, Pandemic


Brand Moves for Tuesday July 28

Twenty-two weeks ago, when the gravity of the situation became clear, we started daily reporting on how brands were dealing with the COVID-19 crisis. What’s now becoming clear is that the current climate is one of near-perpetual disruption. So we made the decision to keep on telling the stories of inspiring brand leadership and strategy amid the latest crises in an anxious world. Our goal remains the same: to provide an up-to-the-minute source of information, inspiration and insight on brand mo...
Tags: Google, Europe, UK, England, California, France, Advertising, Research, Walmart, Eu, Netflix, Ubs, Burberry, Cancer Research UK, Gucci, Lvmh


Companies like Netflix, McDonald's, and Target are speaking out amid the George Floyd protests — and some are actually taking action

Protests are spreading through the US after the death of George Floyd, a black man who died after a white police officer knelt on his neck for over 8 minutes. Many companies are weighing in on the protests, but not all of them have announced specific actions, donations, or internal changes. Read more to see how companies and their leaders are responding. Visit Business Insider's homepage for more stories. Protests erupted across the US after the death of George Floyd, the 46-year-old black m...
Tags: Apple, Amazon, Facebook, Mark Zuckerberg, Twitter, Spotify, Cook, Instagram, Minnesota, Microsoft, Minneapolis, Youtube, Satya Nadella, Disney, US, America


Target temporarily closes 20 Southern California stores amid protests

Target Corp. is temporarily closing 175 stores in 13 states, including 20 Southern California locations, as a result of looting, property damage and violence tied to Black Lives Matter protests. Local closures will take place in Azusa, Baldwin Park, Long Beach, Los Angeles, Santa Ana, Rosemead and West Hollywood. A total of nearly 50 California stores are on the list, but a Target spokeswoman said that could change, as “the situation remains incredibly dynamic.” The Minneapolis-based retailer an...
Tags: Business, Crime, Minneapolis, California, Los Angeles, Sport, Soccer, Long Beach, Cornell, Brian Cornell, Southern California, West Hollywood, Santa Monica, Santa Clarita, Floyd, Santa Ana


Target, Best Buy early winners in big-box stores’ pivot amid pandemic

By Anne D’Innocenzio, The Associated Press Late last year, Best Buy began testing curbside pickup at select stores as a way to respond to customer needs. But that was then. The pandemic accelerated the company’s plans and what was supposed to take months instead took just 48 hours, with Best Buy rolling out curbside pickup at nearly all of its 1,000 locations in late March as customers sought to minimize contagion by ordering online and pulling up to stores to collect their purchases. That made ...
Tags: Nordstrom, New York, Walmart, Sport, Best Buy, Soccer, Ubs, Manhattan, Victoria, Brian Cornell, Homegoods, Perkins, Macy, Lowe, Kohl, Bloomingdale


CEO Pay Watch: Target's Brian Cornell made $21.6 million last fiscal year

The majority of Cornell's compensation came from previously issued restricted stock awards that vested in the last fiscal year.
Tags: Cornell, Brian Cornell


Target Ramping Up Social Distancing Measures Starting April 4th

Target is taking some extra steps to protect its customers and employees during this time of uncertainty. Monitoring and metering in stores Starting on April 4th, Target CEO Brian Cornell announced, the store will be closely monitoring the amount of customers that are in the store at one time. It’s important that our guests have... Read More Read more about Target Ramping Up Social Distancing Measures Starting April 4th
Tags: Deals, Articles, Target, Brian Cornell, Online Deals


Important Updates to Target Return & Exchange Policy Including Use of Reusable Bags

Target is taking some extra steps to protect its customers during this time of uncertainty. Target Returns For the next 3 weeks, Target CEO Brian Cornell announced, the store will not be accepting returns or exchanges. However, do not fear, you are not out of luck, they will be extending the return period for any... Read More Read more about Important Updates to Target Return & Exchange Policy Including Use of Reusable Bags
Tags: Deals, Articles, Target, Brian Cornell, Online Deals


Trump called on Walmart, CVS, Target, and Walgreens to help slow the spread of the coronavirus as he declares a national emergency

President Donald Trump called on private companies to assist with the effort to slow the spread of the coronavirus pandemic.  At a press conference at the White House, Trump was joined by business leaders from Walgreens, Target, Walmart, CVS, and other companies.  He said that drive-through testing centers will be set up in the parking lots of those companies' locations around the country.  Visit Business Insider's homepage for more stories. President Donald Trump was joined by the CEOs of co...
Tags: Google, White House, Trends, Walmart, Walgreens, United States, Donald Trump, Cvs, Cornell, Brian Cornell, Trump, Becton Dickinson, Walmart CVS, Doug McMillon, White House Trump, Roche Diagnostics


Target limits purchases of coronavirus-related items

By Matthew Boyle, Bloomberg Target Corp. has joined Kroger Co. in limiting purchases of items like hand sanitizer and disinfecting wipes in response to widespread stockpiling due to the coronavirus. Target began restricting customers to six items per person over the weekend, spokeswoman Danielle Schumann said in an email Monday. Signs posted in stores say the move is “due to high demand.” Kroger made a similar move earlier this month, with a limit of five items, and regional grocers across the c...
Tags: Business, Sport, Soccer, Brian Cornell, Kroger, Kroger Co, Costco Wholesale Corp, Sanford Bernstein, Matthew Boyle, Brandon Fletcher, Richard Galanti, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF


Target reports mixed fourth quarter, but notes same-day services grew more than 90% in 2019

Target today reported mixed fourth-quarter results, but promising growth on the e-commerce side of its business. The retailer’s earnings per share came in at $1.69 beating the Zacks Consensus Estimate of $1.66, but revenue fell short at $23.40 billion versus the $23.50 billion expected, as the company saw weaker holiday sales in key categories like toys, electronics, and home goods. The retail industry overall has been struggling with toy sales, following the closure of Toys R Us. While that shu...
Tags: Ecommerce, Disney, Tech, Walmart, E-commerce, Online Shopping, Retail, Retailers, Levi, Target, Cornell, Brian Cornell, Same-day Delivery, Same Day, Zacks Consensus Estimate, Shipt


Target's Brian Cornell is the top CEO of 2019

Target has had to deal with tough competition and fickle consumers who've embraced mobile shopping. But Target has found the right balance between physical stores and digital commerce. That's why Brian Cornell is the CNN Business CEO of The Year.
Tags: Cnn, Brian Cornell


Target is one of the hottest stocks of 2019

Target's CEO Brian Cornell talks often about the split in retail between winners and losers. Target is clearly in the winners' camp right now and is set to benefit during the holidays.
Tags: Cnn, Brian Cornell


Target to invest in extra payroll hours during the shortened holiday season

CEO Brian Cornell will add $50 million to increase employee hours and training.
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Target Cuts Workers’ Hours after Vowing to Raise Minimum Wage to $15 By 2020

Workers at Target stores are struggling to pay their bills after the company cut the total amount of employee working hours in preparation for raising its minimum wage to $15 an hour by 2020, according to a report from CNN."I got that dollar raise but I'm getting $200 less in my paycheck," said Heather, who works at a Florida branch. She began working 40 hours per week but is now offered less than 20."I have no idea how I'm going to pay rent or buy food," she continued.Target committed t...
Tags: Florida, News, Walmart, Cnn, Bernie Sanders, Brian Cornell, McDonald, Heather, Morales, Diamond Bar California, John Mulligan, Caren Morales


Target CEO Brian Cornell pay totaled $22.6 million in 2018

The CEO of the Minneapolis-based retail giant earned his biggest bonus yet as the firm's sales in 2018 exceeded its goal.
Tags: Minneapolis, Brian Cornell