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 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 Corporation (NYSE: TGT) is launching its holiday season earlier than ever with the biggest Target Deal Days event from Oct. 6-8, featuring hundreds of thousands of deals. The retailer aims to hire up to 100,000 seasonal team members to enhance customer experience, ensuring availability of products and services. Additionally, Target's Holiday Price Match Guarantee will be available from Oct. 6 to Dec. 24, allowing customers to shop early with price confidence. Guests can also benefit from loyalty programs and same-day delivery options, showcasing Target's commitment to customer satisfaction.
TD Bank has announced a multi-year extension of its partnership with Target Corporation, continuing its role as the exclusive issuer of Target co-branded consumer credit cards. This collaboration, which began in 2013, aims to enhance customer value through the RedCard Mastercard program, offering benefits like 5% savings and rewards on various purchases. Target's RedCard holders have collectively saved over $9.7 billion over the past 12 years. The partnership reflects both companies' commitment to delivering exceptional value and an innovative card program for customers.
Target Corporation (NYSE: TGT) is launching the second edition of The Fall Designer Collection on October 9, 2022. The collection features over 100 apparel and accessories items created in collaboration with designers Kika Vargas, La Ligne, and Sergio Hudson. Items are affordably priced between $8 and $70, with most under $40. The collection emphasizes inclusivity, offering sizes from XXS to 4X, and is available for same-day pickup at select stores and online.
Target Corporation (NYSE: TGT) has announced an exclusive multiyear agreement with FAO Schwarz to boost its holiday toy collection. Starting mid-October, over 120 exclusive toys will be available at Target and FAO Schwarz stores, including a capsule collection celebrating FAO's 160th anniversary. Target's 'Bullseye's Top Toys' list will highlight 50 must-have holiday toys, starting at $14.99, featuring products from brands like Disney and Mattel. The collaboration aims to enhance Target's toy assortment and provide unique shopping experiences.
Target Corporation (NYSE: TGT) announced CEO Brian Cornell's commitment to lead the company for three more years. Cornell's leadership has contributed to nearly $40 billion in annual revenue growth since 2014. The board eliminated its CEO retirement policy, underscoring their confidence in Cornell's vision. In addition, Arthur Valdez, the executive vice president of supply chain and logistics, will retire, with Gretchen McCarthy succeeding him. Both transitions aim to enhance Target's omnichannel strategy and support continued growth.
Target Corporation (NYSE: TGT) reported its second quarter 2022 results, showing comparable sales growth of 2.6% and total revenue of $26.0 billion, up 3.5% from last year. The GAAP EPS dropped 89.2% to $0.39 due to inventory reduction actions. Operating income fell 87.0% to $321 million, with an operating margin rate of 1.2%. Despite challenges, the company maintains its full-year guidance for low- to mid-single digit revenue growth. The dividend increased 32.4%, and the company repurchased $2.6 billion in shares.
Target Corporation (NYSE: TGT) announced its second quarter earnings conference call scheduled for August 17, 2022, at 7:00 a.m. Central Time. The webcast will be accessible to investors and media via the company’s website. Target operates nearly 2,000 stores and has a history of contributing 5% of its profit to community initiatives, amounting to millions weekly. For more details about the event, stakeholders can visit investors.target.com.
Target Corporation (NYSE: TGT) appointed Grace Puma as a new director effective immediately. Puma brings extensive experience from her tenure at PepsiCo, where she was executive vice president and COO, overseeing operations and procurement. She held pivotal leadership roles throughout her career, including senior vice president at United Airlines and Kraft Foods. Puma's expertise in supply chain and operations is expected to enhance Target's board effectiveness. Her addition aims to strengthen Target's strategic position as it navigates a complex operating environment.
Bobbie, a USDA Organic infant formula, has announced its exclusive launch at Target (TGT) stores nationwide. This marks a significant step for the brand, just 18 months after its launch as a direct-to-consumer product. Bobbie is made with organic grass-fed milk sourced from family-owned farms and is the first infant formula to receive Clean Label Project Purity Award. With over 70,000 subscribers and rapid growth, Bobbie aims to address the ongoing infant formula shortage, making its products available in-store and online at Target this July.
Target Corporation (NYSE: TGT) has announced enhanced savings for the back-to-school and college season, introducing a 20% discount for college students via Target Circle, up from 15% last year. Additionally, the Teacher Prep Event is extended from July 17 to September 10, allowing teachers to save 15% on supplies. Target offers an assortment of low-priced items, with many under $10, and special sales events, including tax-free weekends and Target Deal Days from July 11-13. This initiative aims to meet the budgeting needs of families and educators during the essential back-to-school period.