Welcome to our dedicated page for Target news (Ticker: TGT), a resource for investors and traders seeking the latest updates and insights on Target stock.
Target Corporation (NYSE: TGT) generates frequent news as a large U.S. general merchandise retailer with nearly 2,000 stores and a significant digital presence. Company announcements highlight new product collaborations, wellness and style initiatives, holiday promotions, digital innovation and corporate developments, giving investors and shoppers insight into how Target evolves its business.
Recent news emphasizes Target’s focus on wellness and everyday wellbeing, including a substantial expansion of its wellness assortment across food and beverage, baby, beauty, health and apparel. Releases describe the addition of thousands of new items and more exclusives, such as protein-focused foods, targeted supplements, functional and non-alcoholic beverages, and family wellness products. Partnerships with brands like ButcherBox and Edna’s Non-Alcoholic Cocktail Co. illustrate how Target brings wellness-oriented offerings into its stores.
Style and design are another recurring theme. Target has announced exclusive collections such as the Jeremiah Brent Home bedding line, which offers an assortment of bedding items with an elevated aesthetic at accessible price points. The company also opened Target SoHo, a design-forward concept store in New York’s SoHo neighborhood, described as an immersive, shoppable experience featuring curated fashion, beauty and home assortments and rotating trend showcases.
Seasonal and promotional events feature prominently in Target’s news flow. The company issues detailed releases on Black Friday and Cyber Monday programs, multi-day sales, exclusive product launches, surprise giveaways and extended store hours. These announcements outline savings across toys, tech, apparel, home and beauty, as well as in-store experiences and holiday-themed campaigns.
Target also reports on digital and AI-enabled features, including the Target app in ChatGPT, AI-powered Gift Finder, List Scanner and a Deals page designed to personalize offers. Corporate filings and news releases may cover quarterly financial results, credit agreements and leadership succession plans. For readers following TGT, this news page brings together these updates so they can see how Target’s merchandising, promotions, digital capabilities and governance are developing over time.
Target Corporation (TGT) reported third quarter 2022 results with comparable sales growth of 2.7%, following a 12.7% increase last year. Total revenue rose to $26.5 billion, up 3.4%, but GAAP EPS fell 49.3% to $1.54. The company announced an enterprise initiative to enhance efficiency, aiming for savings of $2-3 billion over three years. Despite achieving unit share gains across core categories, profit trends weakened late in the quarter due to inflation and economic uncertainty, prompting a cautious fourth quarter outlook with expected low-single digit sales decline.
Target Corporation (NYSE:TGT) will host a webcast for its third quarter earnings conference call on November 16, 2022, at 7:00 a.m. Central Time. Investors and media can listen via the company’s website. The call will discuss key financial metrics and performance insights, which are critical for shareholders. With nearly 2,000 stores and a significant online presence at Target.com, Target has been a strong player in retail. The call aims to provide updates on the company's financial standing and future outlook.
National Storage Affiliates Trust (NSA) has announced a management transition. Effective April 1, 2023, Tamara Fischer will move from CEO to Executive Chair, while David Cramer, currently President, will take on the role of CEO. Cramer, who joined NSA in 2020, has extensive experience in the self-storage sector and was instrumental in growing NSA’s portfolio from 250 to over 1,100 properties. Derek Bergeon will be appointed Executive Vice President and COO on the same date. This transition aims to ensure continuity in leadership and leverage Cramer’s proven management capabilities for future growth.
Target Corporation (NYSE: TGT) is evolving its store strategy by introducing larger-format stores averaging nearly 150,000 square feet, exceeding their typical size by over 20,000 square feet. This new design emphasizes sustainability, community engagement, and enhanced guest experiences. Key features include expanded backroom space for fulfillment, a full range of merchandise, and increased natural light. Starting in 2023, most new and remodeled stores will incorporate these elements, enhancing Target's role in delivering same-day services and fulfilling digital orders.
Target Corporation (NYSE: TGT) announced an expanded collaboration with Apple, tripling its Apple at Target shop-in-shops to over 150 locations across the U.S. This expansion aims to enhance the shopping experience ahead of the holiday season. Additionally, Target Circle members can access a four-month free trial of Apple Fitness+, the best retailer offer available, along with special offers on other Apple services starting in November. The initiative reflects Target's commitment to providing unique retail experiences and exceptional offers for its guests.
Target Corporation (NYSE: TGT) has launched its Weeklong Black Friday Deals, offering savings of up to 50% or more on popular items. The promotion starts earlier this year, running through Thanksgiving Week. The Deal of the Day returns, providing daily discounts on top brands like Apple and KitchenAid until December 24. The retailer also highlights various shopping options, including free Order Pickup and Same-Day Delivery through Shipt. Target's Holiday Price Match Guarantee runs from October 6 to December 24, allowing shoppers to secure early deals.
Target Corporation (NYSE: TGT) announces the appointment of Prat Vemana as executive vice president and chief digital and product officer, effective October 31. Vemana will enhance Target's digital business, overseeing site merchandising, user experience, and product operations. Currently, digital channels represent 20% of Target's business. Vemana brings extensive experience from Kaiser Permanente, where he led significant digital advancements. This strategic hire aims to further accelerate Target's digital growth and improve consumer experience across all platforms.
Target Corporation (NYSE: TGT) announces its expanded Target Deal Days from October 6-8, featuring four times more offers than last year. Shoppers can find discounts of up to 50% on holiday toys, electronics, and more, alongside gift card promotions for beauty and household essentials purchases. Target highlights over half a million holiday gifting deals, including select items from brands like Apple and Disney. The retailer also emphasizes easy shopping with same-day fulfillment options and a Holiday Price Match Guarantee extending until December 24.
On September 28, 2022, InvestorsObserver issued critical PriceWatch Alerts for DOCU, HD, TGT, COST, and CTXS. InvestorsObserver provides options trading reports and stock analysis to help investors make informed decisions. Their proprietary system evaluates stocks based on both technical factors and Wall Street opinions, along with a 12-month price forecast to gauge a stock's investment suitability. The alerts signify potential trading opportunities for investors considering these stocks.
Target Corporation (NYSE:TGT) has declared a quarterly dividend of $1.08 per common share, payable on December 10, 2022, to shareholders recorded as of November 16, 2022. This marks the 221st consecutive dividend since the company became publicly held in October 1967. Target continues to maintain a strong commitment to its shareholders, reflecting its stability and consistent performance in the market.
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