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Target Unveils 2023 Strategic Investments, Including the Opening of 20 New Stores

by Katie Lee

Minneapolis — Target Corporation plans to invest $4 billion to $5 billion this year to expand its guest-centric services, operations network of stores and supply chain facilities, digital experiences and other capabilities. The retailer also shared more about its plans to advance its enterprise efficiency efforts, aimed at optimizing its operations after years of rapid growth. Last but not least, Target will also open approximately 20 new stores this year, in a variety of store formats. “Investments in our shopping experience and frontline team have deepened our guests’ engagement with …

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construction and designNewsretailers

Target Debuts New Larger-Format Store

by Katie Lee

Minneapolis — Target Corporation has revealed the next evolution of its new store strategy and store design. The new store design and larger store format recently debuted in a new location outside Houston. The new larger-format stores optimize additional space and new design elements and, at nearly 150,000 square feet, the locations are more than 20,000 square feet larger than the chain average. While the retailer will continue to open stores of all sizes, it will focus on this larger footprint in the next few years. Starting in 2023, more …

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Newsretailers

Target Triples the Number of Apple Shop-in-Shops

by Katie Lee

Minneapolis — Target Corporation is expanding its collaboration with Apple, more than tripling its Apple at Target locations, giving even more guests a one-stop-shop for Apple products and accessories just in time for the holidays. Apple at Target is now located in 150 stores. “For years, Target has been a destination for Apple products. Now we are excited to deepen our collaboration with Apple so even more guests can access the exceptional Apple at Target shop-in-shop experience. Through Target Circle, our popular free-to-join loyalty program, we’re also giving our guests …

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Newspeopleretailerssoftware/technology

Target Names Chief Digital and Product Officer

by Katie Lee

Minneapolis — Target Corporation has hired Prat Vemana as executive vice president, chief digital and product officer. Vemana will join Target on Oct. 31 as a member of Target’s leadership team, reporting to Cara Sylvester, chief guest experience officer. In this role, he will oversee Target’s digital business, including site merchandising, user experience, digital operations and product, and Target+, the retailer’s growing online third-party marketplace. Additionally, Vemana will provide key support for Target’s industry-leading product teams across the company by bringing a holistic view to the retailer’s overall product strategy. …

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Newspeopleretailers

Target Announces Leadership Updates

by Katie Lee

Minneapolis — Target Corporation has announced that Brian Cornell has committed to remain as CEO and lead the company for approximately 3 more years. Additionally, Arthur Valdez, executive vice president and chief supply chain and logistics officer, will retire from Target. He will be succeeded by Gretchen McCarthy, senior vice president, global inventory management, effective immediately. “In discussions about the company’s longer term plans, it was important to us as a board to assure our stakeholders that Brian intends to stay in his role beyond the traditional retirement age of …

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Newspeopleretailers

Target Updates Leadership Team

by Katie Lee

Minneapolis — Target Corporation has made a number of updates to its leadership team, including the creation of a brand new role for Target: executive vice president and chief guest experience officer. “Guided by our purpose of helping all families discover the joy of everyday life and fueled by the most talented, committed team in retail, Target has experienced tremendous growth over the past 2 years,” says Brian Cornell, chairman and CEO, Target. “The updates we’re making to our leadership team reflect the size and scale of our more than …

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construction and designenergy managementgreen building/LEEDgreen newsNewsremodelsretailers

Target Tests First Net Zero Energy Store

by Katie Lee

Minneapolis — Target Corporation has announced its most sustainable store to date in Vista, Calif. The site will generate more renewable energy than it needs annually to operate and will test multiple innovations to reduce the building’s emissions. The store’s retrofit and new features will inform Target’s investments in new stores and remodel programs that support its long term growth and help guide the retailer’s efforts to achieve its sustainability goals. The store will generate renewable energy through 3,420 solar panels across its roof and newly installed carport canopies. The …

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Newsretailers

Target’s Curbside Drive Up Service to Offer Starbucks and Returns in Select Markets

by Katie Lee

Minneapolis — Target Corporation has unveiled plans to continue enhancing its same-day pickup services in fall 2022. The company will begin testing the option for guests in select markets to add a Starbucks order or make a return within Target’s free, contactless curbside service through the Target app. Target will also expand its “backup item” functionality in even more categories to allow guests to pick up everything on their lists. These latest enhancements will build on Target’s strategy of using the company’s nearly 2,000 stores as fulfillment hubs, powering its …

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Target and Ulta Beauty Announce Brands and First Locations Ahead of August Launch

by Katie Lee

Minneapolis and Bolingbrook, Ill. — Target Corporation and Ulta Beauty have shared details about the highly anticipated Ulta Beauty at Target, slated to begin rolling out in more than 100 Target stores nationwide and online with more than 50 specially curated prestige brands this August. The companies are planning for these experiential “shop-in-shops” to reach a total of 800 Target stores across the country in the coming years. “As the retail and beauty industries continue to evolve, we take pride in being leaders that continually redefine and elevate guest experiences. …

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green newsNewsretailers

Target Outlines Bold New Sustainability Strategy

by Katie Lee

Minneapolis — Target Corporation has unveiled Target Forward, the company’s new sustainability strategy that builds on the retailer’s legacy of corporate responsibility and sustainable practices. “As a company and a member of the global community, it’s imperative for both the health of our business and of our planet that we embrace new ways to move forward,” says Brian Cornell, chairman and chief executive officer of Target. “We know sustainability is tied to business resiliency and growth, and that our size and scale can drive change that is good for all. …

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