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 (NYSE: TGT) plans to invest up to $5 billion in 2022 to enhance its operational capabilities. This investment will focus on new store openings, digital experiences, and supply chain improvements. Target aims to open approximately 30 new stores and remodel 200 existing locations. The expansion of partnerships, such as Ulta Beauty, will see over 250 new shop-in-shop locations. Additionally, Target's fulfillment services have grown nearly 400% since 2019, driving significant digital sales growth.
Target Corporation (NYSE: TGT) reported strong Q4 2021 results with GAAP EPS of $3.21, up from $2.73 in Q4 2020, and full-year total revenue reaching $106 billion, a 13.3% increase from 2020. Comparable sales rose by 8.9% in Q4 and 12.7% for the year. Operating income margin expanded to 8.4%, while operating income reached $8.9 billion, up 36.8% year-over-year. For fiscal 2022, Target anticipates low- to mid-single digit revenue growth and high-single digit growth in Adjusted EPS, though first quarter margins are expected to decline from last year's figures.
Target Corporation (NYSE:TGT) will announce its fourth quarter and full-year 2021 financial results on March 1, 2022. A meeting with financial analysts will follow at 9:00 a.m. Eastern time, where Target's leadership will discuss strategic plans and opportunities for 2022. Investors can access the meeting via webcast on the company’s investor relations website, which will remain archived for 90 days. Target, founded in Minneapolis, has over 1,900 stores and maintains a commitment to donating 5% of profits to communities.
Target Corporation (NYSE: TGT) announced plans to raise its starting wage range to between $15 and $24 per hour and expand health care benefits for team members. The move, part of the company's strategy to enhance equity and opportunity, will result in an additional investment of up to $300 million this year. Approximately 20% of hourly team members will become newly eligible for comprehensive health coverage, with access to health plans available sooner and enhanced wellness benefits introduced. These steps aim to support team members' growth and well-being.
Target Corporation (NYSE: TGT) announced enhancements to its same-day pickup services, set for fall 2022. The improvements include options for customers to add a Starbucks order and make returns using the Target app. Target aims to leverage its nearly 2,000 stores as fulfillment hubs, with more than half of its digital sales coming from same-day services like Order Pickup and Drive Up. Additional features include expanded 'backup item' functionality for a wider range of categories, enhancing customer convenience and satisfaction.
Target Corporation (NYSE:TGT) has announced a quarterly dividend of 90 cents per share, payable on March 10, 2022, to shareholders recorded by the close of business on February 16, 2022. This marks the company's 218th consecutive dividend since it became publicly held in October 1967. Target continues its commitment to returning value to shareholders amid its long-standing practice of supporting communities with 5% of profits.
Target Corporation (NYSE: TGT) aims to assist last-minute holiday shoppers with enhanced services through Dec. 24. Customers can utilize free same-day Drive Up and Order Pickup options until 6 p.m. on Christmas Eve. Target is offering discounts of up to 50% on select toys and video games, along with deals on electronics and home goods from Dec. 19-25. With over 1,900 stores nationwide, the retailer assures stock availability, backed by significant supply chain investments. Holiday shopping at Target is designed to be convenient and stress-free for all guests.
Target Corporation (NYSE: TGT) announced a two-day Cyber event running from November 28 to 29, 2021, featuring extensive discounts on popular items like furniture, electronics, and beauty products. Customers can enjoy same-day delivery and pickup options without a membership requirement. Notable deals include up to 60% off on video games and 50% off on headphones. Target is also extending its Holiday Best deals through December, promising competitive pricing and a price match guarantee until December 24.
Target Corporation (TGT) reported strong third quarter results with comparable sales growth of 12.7%, following last year's impressive 20.7%. Store sales increased by 9.7%, while digital sales surged by 29%. The company achieved a GAAP EPS of $3.04, a 51.6% increase year-over-year, and adjusted EPS rose 8.7% to $3.03. Target anticipates high-single to low-double digit growth in comparable sales for Q4 2021. Operating income for Q3 was $2.0 billion, reflecting a 3.9% rise. However, gross margin declined to 28.0% due to higher costs.
Target Corporation (NYSE:TGT) will conduct a webcast for its third quarter earnings conference call on November 17, 2021, at 7:00 a.m. Central Time. Investors and media can join the call through Target's investor website. The company operates over 1,900 stores and aims to enhance everyday life for families. Additionally, Target has a commitment to communities, donating 5% of profits, which translates to millions of dollars weekly. More information is available on the corporate website and press center.
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