Target Corporation reports news as a U.S. discount retailer serving guests through about 2,000 stores and digital channels. Company updates commonly cover merchandising, seasonal price actions, Target Circle loyalty offers, same-day services, store openings and remodels, and assortment launches across apparel, home, beauty, food and beverage, hardlines, and household essentials.
Target news also includes brand collaborations, private-label and national-brand product availability, community programs such as Bullseye Builds, educator and loyalty discounts, capital investment plans, and regular quarterly dividend declarations. The company's retail model is anchored in its store base, with stores supporting both in-store shopping and fulfillment for online orders.
Target (NYSE: TGT) reported its Q4 and full-year 2024 results, with Q4 comparable sales growing 1.5% and digital sales increasing 8.7%. Q4 GAAP and Adjusted EPS reached $2.41, near the high end of guidance. Full-year 2024 saw comparable sales growth of 0.1%, with GAAP and Adjusted EPS at $8.86.
Notable performance includes:
- Same-Day delivery grew over 25% year-over-year
- Beauty segment delivered mid-single digit comparable sales growth
- Traffic increased 1.4% across stores and digital channels
- Cost savings exceeded $2 billion over two years
For 2025 guidance, Target expects:
- Net Sales growth around 1%
- Comparable sales growth around flat
- GAAP and Adjusted EPS of $8.80 to $9.80
Target (NYSE:TGT) has announced it will release its fourth quarter and full-year 2024 financial results on the morning of March 4, 2025. Following the release, the company will host a webcast meeting with the financial community starting at 9:00 a.m. Eastern time.
During this investor presentation, Target's leadership team will outline their strategic and financial plans, while sharing insights on the business environment and strategic opportunities for 2025 and beyond. The webcast will be accessible through Target's investor relations website and will remain archived for a minimum of 90 days after the event.
Target (NYSE: TGT) and Warby Parker (NYSE: WRBY) have announced a strategic partnership to launch Warby Parker shop-in-shops within select Target stores. The initiative will debut with five locations in the second half of 2025 across Illinois, Minnesota, New Jersey, Ohio, and Pennsylvania.
The shop-in-shops will offer Warby Parker's complete eyewear experience, including glasses, sunglasses, contacts, eye exams, and vision tests, with prices starting at $95 for prescription lenses. The locations will be staffed by Warby Parker employees and will be integrated into Target.com's shopping experience.
The partnership complements Target's existing optical business, which operates in over 500 stores. Additional shop-in-shops are planned for 2026, with potential for further expansion in subsequent years. The new locations will be established in Target stores without existing optical offerings.
Warby Parker (NYSE: WRBY) reported strong financial results for Q4 and full year 2024. Full-year net revenue grew 15.2% to $771.3 million, while Q4 revenue increased 17.8% to $190.6 million. The company expanded its Active Customers by 7.8% to 2.51 million, with Average Revenue per Customer rising 6.8% to $307.
The company reported a full-year GAAP net loss of $20.4 million, though Adjusted EBITDA Margin improved 1.7 points to 9.5%. Warby Parker opened 41 new stores in 2024, ending the year with 276 locations. The company announced a new partnership with Target to launch five shop-in-shops in 2025.
For 2025, Warby Parker projects net revenue of $878-893 million (14-16% growth) and targets an Adjusted EBITDA Margin of approximately 11%. The company plans to open 45 new stores, including the Target locations.
Target (NYSE: TGT) has announced a strategic partnership with Champion, launching a comprehensive collection of activewear and sporting goods in August 2025. The collaboration will feature over 500 items including apparel, accessories, and sporting goods for adults and children, with most items priced under $40.
The collection combines Champion's sportswear heritage with Target's style expertise, offering exclusive premium fabrics, unique washes, and detailed trims. A special varsity-inspired collection will follow in September, available on Target.com and in dedicated store spaces.
The partnership aligns with Target's strategy of collaborating with leading brands and will be available through Target's various fulfillment services, including Drive Up, Order Pickup, and same-day delivery options.
Target (NYSE: TGT) has announced the launch of new Disney and Marvel collections by Pillowfort, featuring over 50 kids' bedding items. The collection includes character-inspired hooded blankets, figural dolls, pillows, sheet sets, quilts, and glow-in-the-dark comforters, with most items priced under $30.
The assortment features beloved Disney Princess characters like Ariel, Belle, Cinderella, Moana, and Tiana, alongside Marvel Super Heroes including Black Panther, Captain America, Hulk, Iron Man, and Spider-Man. The products are designed with interactive features, such as pillows that double as play accessories.
This collaboration marks the first of three collections with Disney in 2025, with upcoming Cat & Jack and Cloud Island kids and baby apparel collections planned. The full assortment is currently available on Target.com and will reach Target stores by late April.
Carroten, Greece's leading suncare brand, has announced its U.S. brick-and-mortar debut through Target (NYSE: TGT). Starting February 2, 2025, Carroten's best-selling Intensive Tanning Gel and Gold Shimmer Intensive Tanning Gel will be available in all Target locations nationwide and on Target.com.
The products, enriched with sesame oil and calendula extract, are designed to provide skin hydration while delivering a sun-kissed glow. The company recommends using these products in conjunction with SPF for safe tanning results.
This launch represents a significant expansion for Carroten, which has been present in Europe, the Middle East, and Australia for over 30 years. SAYN, a Miami-based beauty distributor, will manage logistics and marketing efforts for the U.S. retail expansion.
Target (NYSE: TGT) reported positive holiday sales performance for November and December 2024, with total sales growing 2.8% and comparable sales increasing 2.0%. The company achieved record-high sales during both Black Friday and Cyber Monday periods, driven by nearly 3% traffic growth across stores and digital channels.
Digital sales grew almost 9%, with same-day delivery showing over 30% growth and Target Plus marketplace experiencing nearly 50% growth. The company saw meaningful acceleration in discretionary categories, particularly in apparel and toys.
Target announced significant leadership changes, including the retirement of Mark Schindele (EVP and Chief Stores Officer) and Brett Craig (EVP and CIO). Adrienne Costanzo will become the new Chief Stores Officer, while Prat Vemana will assume the role of Chief Information and Product Officer. Sarah Travis will be promoted to EVP and Chief Digital and Revenue Officer.
Target (NYSE:TGT) has announced its board of directors has declared a quarterly dividend of $1.12 per common share. The dividend will be paid on March 1, 2025, to shareholders of record as of February 12, 2025. This marks Target's 230th consecutive dividend payment since the company went public in October 1967, demonstrating a long-standing commitment to returning value to shareholders.
Target (NYSE: TGT) announced plans to introduce over 2,000 new wellness items, including more than 600 Target-exclusive products, with over half priced under $10. The expansion spans multiple categories including functional beverages, beauty, personal care, tech, food, and nutrition.
Key exclusive launches include new partnerships with celebrity brands such as BERO (Tom Holland), Blake Brown (Blake Lively), and Lemme (Kourtney Kardashian Barker). The company is also expanding its wellness tech offerings with over 140 new items, including exclusive infrared products and sleep technology. Target's private label Good & Gather will add 250+ new wellness-focused items.
The retailer is implementing a store-wide wellness strategy, featuring prominent displays and a dedicated wellness experience section at store entrances. All products will be available through Target's fulfillment services, including Drive Up, Order Pickup, and same-day delivery options.