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) is a leading U.S. retailer recognized for its innovative omnichannel strategy and curated product assortment. This page serves as the definitive source for all official Target news, providing investors and stakeholders with timely updates directly from the company.
Access press releases, earnings reports, and strategic announcements to stay informed about Target’s retail operations, partnerships, and market initiatives. Our repository includes updates on product launches, store expansions, sustainability efforts, and financial performance—all essential for understanding TGT’s position in the competitive retail sector.
Content is organized to highlight key developments, including quarterly earnings, leadership changes, and community engagement programs. Bookmark this page for streamlined access to Target’s latest corporate communications, ensuring you never miss critical updates affecting TGT stock and industry trends.
Target reported a strong third quarter in 2020, with comparable sales growing by 20.7% and digital sales increasing 155%. Total revenue reached $22.6 billion, a 21.3% increase from last year. GAAP EPS from continuing operations was $2.01, up 46.3%, while Adjusted EPS rose 105.1% to $2.79. Operating income surged 93.1% to $1.9 billion, with a 30.6% gross margin. The company gained over $6 billion in market share and plans to resume share repurchases in 2021.
Target Corporation (NYSE:TGT) will host a webcast for its 3rd quarter earnings conference call on November 18, 2020, at 7:00 a.m. Central Time. Investors and media can access the call through the company’s website. Target operates nearly 1,900 stores and contributes 5% of its profits to local communities. For more information and to join the call, visit investors.target.com.
Target Corporation (NYSE: TGT) has announced its "Black Friday Now" sales event, featuring week-long sales throughout November 2020. The initiative aims to enhance shopping convenience and confidence with a new Price Match Guarantee, ensuring customers get the best deals at any time. Starting Nov. 1, shoppers can find discounted electronics and home essentials, with specific deals previewed weekly. The Price Match Guarantee allows for price adjustments on advertised deals until Dec. 24, reinforcing Target's commitment to customer savings.
On October 22, 2020, Target Corporation (NYSE: TGT) unveiled new safety measures for the holiday shopping season. These initiatives aim to enhance customer safety and convenience, including contactless self-checkout and expanded Drive Up services. Target will double the number of Drive Up spots and introduce new technology for a smoother shopping experience. CEO Brian Cornell emphasized the retailer's commitment to creating the safest shopping environment. Target continues to implement extensive safety protocols established since March, ensuring a secure and efficient experience for guests.
Target Corp. (NYSE: TGT) has launched an exclusive collection with FAO Schwarz, along with its largest Bullseye's Top Toys list, featuring over 600 exclusive products available in stores and online. The FAO Schwarz collection includes 70 toy items under $20, while the Bullseye's Top Toys list showcases 50 top toys, 19 of which are exclusive. To support the Toys for Tots initiative, Target will donate $2 for each Top Toy purchased, up to $1 million. Customers can enjoy convenient same-day fulfillment options at over 1,500 locations nationwide.
Target Corporation (NYSE: TGT) announced the pricing terms for its cash tender offers, aiming for an aggregate purchase price of $2.246 billion. These offers pertain to various debt securities with a total consideration including an early tender premium of $30 per $1,000 principal. The offers are designed to purchase all validly tendered securities before the Early Tender Deadline, which was set for October 6, 2020. The acceptance of these securities by Target is expected to occur by the early settlement date of October 8, 2020.
Target Corporation (NYSE:TGT) announced the results of its cash tender offers, with approximately $1.768 billion in debt securities validly tendered by the Early Tender Deadline on October 6, 2020. The company has increased the Maximum Tender Amount to allow purchase of all validly tendered securities. The Offers are set to expire on October 21, 2020, but Target anticipates no acceptances after the Early Tender Deadline. Eligible holders will receive a Total Consideration, including a $30 early tender premium per $1,000 principal amount. The early settlement date is expected on October 8, 2020.
Target Corporation (NYSE: TGT) is launching Target Deal Days on Oct. 13 and 14, featuring digital deals on over hundreds of thousands of items, representing more than double last year's offerings. This holiday season includes nearly 1 million more deals than last year, along with Black Friday pricing available throughout November and an extended Price Match Guarantee from Nov. 1 to Dec. 24. Guests can enjoy savings online and through contactless shopping options.
On September 24, 2020, Target (NYSE: TGT) announced its staffing strategy for the upcoming holiday season, emphasizing safety and convenience. The retailer plans to increase resources for contactless services, hire broadly, and allocate more hours to current employees. With over 10 million new online shoppers in the first half of 2020, Target aims to double store staff for Drive Up and Order Pickup services. Seasonal hiring is expected to match 2019 levels, with nearly 40% of seasonal employees likely to stay post-holiday. Target is offering a $15 minimum wage and comprehensive health benefits.
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