target corporation

Target Grows Q1 Comp Sales Nearly 23%

by Katie Lee May 20, 2021

Minneapolis — Target Corporation has released its first quarter 2021 financial results, which reflect robust growth in both sales and profitability. Highlights include: Q1 comp sales grew 22.9%, on top of 10.8% growth last year. Store comp sales increased 18%, on top of 0.9% growth last year. Digital comp sales grew 50%, on top of 141% growth a year ago. Same-day services (Order Pickup, Drive Up and Shipt) grew more than 90%, led by growth in Drive Up of 123%. More than 95% of Target’s Q1 sales were fulfilled by …

May 20, 2021

Target and Ulta Beauty Form Strategic Partnership

by Katie Lee November 12, 2020

Minneapolis and Bolingbrook, Ill. — Target Corporation and Ulta Beauty have formed a strategic, long term partnership to transform the beauty landscape with Ulta Beauty at Target. Ulta Beauty’s shop-in-shop concept will debut at more than 100 Target stores nationwide and online at www.Target.com beginning in 2021. The partnership brings Ulta Beauty’s best-in-class beauty authority to millions of guests who love the ease and convenience of Target’s one-stop shopping experience. It also provides beauty brands an opportunity to expand and grow in a new, industry-leading omnichannel retail experience. “The durable …

November 12, 2020

News people retailers

Target Names New Senior Vice President of Marketing

by Katie Lee September 3, 2020

Minneapolis — Target Corporation has named Maurice Cooper senior vice president of marketing. He will oversee Target’s marketing, creating plans that are guest-centric, culturally relevant and inclusive to fuel consumer affinity for Target’s brand and grow its business. He will lead the strategy and execution of brand, category and promotions marketing across paid, owned and shared media, while also overseeing key campaigns such as Holiday. Cooper joins the company Sept. 14 and will report to Rick Gomez, Target’s executive vice president and chief marketing, digital and strategy officer. “Maurice has …

September 3, 2020

News retailers

Target Reports Highest Quarterly Sales Growth in Its History

by Katie Lee August 25, 2020

Minneapolis — Target reported a 24.3% increase in total digital and in-store sales for the second quarter compared with the same period a year ago, the highest quarterly growth in the Minneapolis-based discount retailer’s history. Same-store sales grew by 10.9% during the quarter, while digital sales experienced a whopping 195% growth year over year. CNBC reports that during a call with reporters, Target CEO Brian Cornell stated that the volume of sales fulfilled by the company’s curbside pickup program grew by more than 70%, and that the company’s digital customer …

August 25, 2020

construction and design News retailers

Target Adjusts 2020 Remodel & New Store Opening Schedule

by Katie Lee March 25, 2020

Minneapolis — Target Corporation has made business adjustments to its remodel and new store opening schedule in response to the impact from novel coronavirus (COVID-19). As the COVID-19 crisis has evolved, the company has been experiencing unusually strong traffic and sales, particularly in its stores and same-day services, as guests rely on Target for essential items like food, medicine, cleaning products and pantry stock-up items. As a result, the company has adjusted the expected timing of some of its strategic initiatives, including new store builds and remodels. Updated plans for …

March 25, 2020

News people retailers

Target Names New Senior Vice President, Supply Chain & Logistics

by Katie Lee February 28, 2020

Minneapolis — Target Corporation has hired Heath Holtz as senior vice president, field operations. Holtz will oversee Target’s supply chain and logistics field network to support Target’s more than 1,800 stores. Holtz joins the company March 1 and will report to Arthur Valdez, Target’s executive vice president and chief supply chain and logistics officer. “Target has built an industry-leading supply chain and logistics network that supports our stores as shopping destinations and local fulfillment hubs,” says Valdez. “Heath’s strong track record of leading global teams to elevate operational quality and …

February 28, 2020

construction and design News retailers

Williams Company Southeast Starts 7 More Target Store Remodels

by Katie Lee November 13, 2019

Orlando, Fla. — Orlando, Fla.-based Williams Company Southeast has started seven more Target store remodels in Florida and Texas for a total of 15 Target stores in 2019. The newest work in Florida involves stores in Brandon, Deerfield Beach, Ft. Myers, Ocala and St. Petersburg, while the Texas stores include Houston and Pearland. The scope of work includes exteriors and interiors and follows Target’s next-gen store design to further enhance the guest shopping experience. Since 1990, Williams has constructed over 100 new Target stores plus more than 200 Target store …

November 13, 2019

News people retailers

Target Promotes SVP of Operations to EVP & CFO

by Katie Lee October 10, 2019

Minneapolis — Target Corporation has named Michael Fiddelke as executive vice president and chief financial officer, effective November 1, 2019. He will be responsible for financial planning and analysis, financial operations, internal audit, accounting, investor relations, treasury, tax and risk. He will also oversee Target’s Financial and Retail Services, which includes guest relations and management of its financial products, including Target RedCard. In more than 15 years at Target, Fiddelke has served in a variety of roles across finance, merchandising, human resources and operations. Most recently he served as senior …

October 10, 2019

News people retailers

Bed Bath & Beyond Names New President and CEO

by Katie Lee October 10, 2019

Union, N.J. — Bed Bath & Beyond Inc. has appointed Mark J. Tritton as president and chief executive officer and as a member of its board of directors, effective November 4, 2019. He succeeds Mary A. Winston, interim CEO. Tritton has over 30 years of experience in the retail industry, including most recently as executive vice president and chief merchandising officer at Target Corporation, where he was instrumental in transforming the omnichannel shopping experience. He has end-to-end retail industry experience in merchandising, design, manufacturing, marketing and distribution at some of …

October 10, 2019

News retailers

Disney and Target Team Up to Open Disney Store Shop-in-Shops

by Katie Lee August 26, 2019

Minneapolis — The Walt Disney Company and Target Corporation have formed a creative retail collaboration to help bring the magic of Disney to the joy of shopping at Target. The collaboration encompasses experiential retail and merchandising — including the launch of 25 Disney stores within select Target stores nationwide on October 4, 2019, with 40 additional locations opening by October 2020. Additionally, a new Target store will open at Flamingo Crossings Town Center at the western entrance of the Walt Disney World Resort in 2021 to bring the convenience of …

August 26, 2019

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