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) 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.
The board of directors of Target Corporation (NYSE:TGT) has declared a quarterly dividend of 68 cents per common share, payable on December 10, 2020, to shareholders of record by November 18, 2020. This dividend marks the 213th consecutive payment since the company went public in October 1967.
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