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Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online. Its owned brands include Archer Farms, Market Pantry, Sutton & Dodge, Art Class, Merona, Threshold, Ava & Viv, Pillowfort, Room Essentials, Wine Cube, Cat & Jack, Simply Balanced and Wondershop. Its exclusive brands include C9 by Champion, Hand Made Modern, Mossimo, DENIZEN from Levi's, Nate Berkus for Target, Fieldcrest, Kid Made Modern, Genuine Kids from OshKosh and Liz Lange for Target. As of January 28, 2017, the Company had 1,802 stores across the United States, including 1,535 owned stores, 107 leased stores and 160 owned buildings on leased land.
Retail (Department & Discount)
1000 Nicollet Mall
Brian C. Cornell
Chairman of the Board, Chief Executive Officer
Michael J. Fiddelke
Chief Financial Officer, Executive Vice President
John J. Mulligan
Chief Operating Officer, Executive Vice President
Michael Edward McNamara
Executive Vice President, Chief Information Officer
Rick H. Gomez
Executive Vice President, Chief Marketing & Digital Officer
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Target Corp will shutter stores across the United States on Thanksgiving this year to ensure public health during the coronavirus pandemic, the retailer said on Monday.
Target Corp, CVS Health Corp and Walgreens Boots Alliance Inc said on Thursday they would require customers wear face coverings while shopping at their U.S. stores, adopting a widely accepted way to curb the spread of the coronavirus.
Australia's Wesfarmers Ltd <WES.AX> said on Friday it expects a pre-tax non-cash charge of up to A$480 million ($315.22 million) in fiscal year 2020 as part of a strategic review of Target, which is part of its department store division Kmart.
The Trump Administration's coronavirus relief payment provided a fillip to sales of major retailers in April as millions of Americans used the money to buy everything from video games to sewing machines even as the country struggles with record job losses.
A surge in Target Corp's online sales due to panic buying during the coronavirus crisis helped the big-box retailer post better-than-expected quarterly results on Wednesday, even as it grappled with soaring operational costs.
Target Corp reported a 64% plunge in quarterly profit on Wednesday, pummeled by costs to tackle the coronavirus outbreak, even as panic-buying during the crisis lifted the big-box retailer's online and store sales.
Target Corp said on Thursday rising costs from trying to meet the fast-changing needs of consumers during the coronavirus crisis were set to hurt its first-quarter profit and margins, even as it recorded robust online sales during March and April.
A surge in online sales for Target Corp in March and April offset the bulk of damage done by coronavirus lockdowns to in-store sales, but its margins continue to suffer along with profit from higher costs, the retailer said on Thursday.
A surge in digital sales for U.S. retailer Target Corp in March and April offset the bulk of damage done by coronavirus lockdowns to in-store sales, but its margins continue to suffer along with profitability from the costs of adjusting, it said on Thursday. The big box...
* TARGET ANNOUNCES NEW MEASURES TO PROMOTE SAFETY AND SOCIAL DISTANCING
* TARGET CORP FILES FOR PRICING OF NOTES OFFERING OF UP TO $2.5 BILLION - SEC FILING Further company coverage:
Target Corp said on Wednesday it saw a more than 50% rise in same-store sales so far in March for certain essential goods, joining a list of grocery chains benefiting from consumers hunkering down for an extended period due to the coronavirus outbreak.
* TARGET - WITHDREW PRIOR GUIDANCE FOR Q1 AND FY 2020 SALES, OPERATING INCOME AND EPS
Target Corp on Wednesday withdrew its financial outlook and said it would scale back on planned investments to focus on meeting surging demand as Americans stock up on essentials and stay home to slow the spread of the coronavirus outbreak.
Target Corp said on Tuesday it would reduce store hours for cleaning and restocking, as more consumers shop at its outlets for essentials amid the coronavirus outbreak.
Target Corp on Tuesday forecast full-year profit below analysts' estimates and missed lowered expectations for holiday-quarter revenue, as the retailer wrestled with falling demand for toys and electronics as well as slowing online growth.
Target Corp forecast annual earnings largely below analysts' estimates on Tuesday, indicating that the retailer's lackluster holiday season performance was spilling over into 2020.
* Says underpaid Target staff by A$9 mln (Updates shares, adds Factbox)
* Target CEO says holidays "more challenging than we expected"
Target Corp on Wednesday reported comparable sales growth of just 1.4% for the 2019 holiday season on the back of weak demand for electronics, toys and home products, sending shares in the retailer 8% lower.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.