Target news and archive

Target posts stronger than expected Q1 results

US retailer Target Corporation reported its financial results for the first quarter of 2026, revealing earnings that exceeded initial marketplace expectations. The company posted first quarter GAAP and adjusted earnings per share, also known as EPS, of 1.71 dollars on a diluted basis. This compares with a prior-year GAAP EPS of 2.27 dollars and...

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Target appoints new supply chain head to accelerate growth plans

US retail corporation Target has announced that Jeff England will join the company as executive vice president, chief global supply chain and logistics officer, effective May 31, 2026. England will report to Lisa Roath, Target chief operating officer, and will be responsible for accelerating supply chain plans to improve the retail shopping...

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Target expands partnership with Syre to accelerate use of next-gen recycled materials

Target has expanded its partnership with Syre, a textile-to-textile recycling company, to accelerate the adoption of next-generation recycled materials across retail on a larger scale. Syre will support Target in integrating its textile-to-textile recycled polyester into its high-volume consumer goods categories, such as apparel and home,...

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Target unveils multi-year strategy to accelerate growth

The US retailer Target has announced a comprehensive multi-year strategic plan designed to bolster its market position and return to growth. During a financial community meeting held on March 4, 2026, the company outlined significant investments in its retail infrastructure, digital capabilities, and product assortments. The initiative, led by...

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Target announces executive leadership changes under new CEO Michael Fiddelke

US-based retail giant Target Corporation has announced a series of executive leadership changes as part of a strategic reorganisation under its new chief executive officer, Michael Fiddelke. The appointments, effective February 15, 2026, are designed to simplify the corporate structure and accelerate the company’s growth plans by focusing on...

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Target leverages Gen AI to accelerate production and trend forecasting

The American value retailer is looking to move faster than ever before to engage with shoppers where trends emerge, as data from the HubSpot Consumer Trend Report 2024/2025 found that 85 percent of Gen Z and Millennials want to purchase trending products within 24 hours of seeing them on social media. Target has invested in new tools, such as...

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Target opens new concept store in SoHo, New York

American retailer Target has transformed its SoHo store into a one-of-a-kind concept store “where everyday shopping meets play, discovery and style,” bringing to life the brand’s DNA in an immersive, experiential format. Located at 600 Broadway, Target SoHo is described as a “new expression of the Target brand,” geared around inspiring consumers...

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Target announces strategic initiatives amid Q3 sales decline

Target Corporation reported lower earnings for the third quarter of 2025, with GAAP earnings per share (EPS) of 1.51 dollars and adjusted EPS of 1.78 dollars, down from 1.85 dollars a year earlier. The company said the decline reflects ongoing pressures in merchandising and operating costs. Net sales for the quarter were 25.3 billion dollars,...

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Target set to launch first-ever curated shopping experience in ChatGPT

Target is set to launch a new shopping experience with an advanced AI chatbot, ChatGPT, as part of its ongoing efforts to leverage AI to enhance the customer journey. Launching in time for the holiday season, the new Target app in ChatGPT will offer a full shopping experience, where customers will be able to browse and purchase multiple products...

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Clarks strikes partnerships with Shein, Walmart and TikTok Shop

Footwear retailer Clarks has announced a slew of new wholesale partnerships with digital platforms as part of wider efforts to strengthen its online footprint. The company has announced its launch on fast fashion giant Shein; US retailers Walmart and Target; off-price platform Secret Sales; and social media site TikTok Shop. Speaking on the...

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Target to cut 1,800 headquarter jobs in restructuring

US retail giant Target has said it will be cutting 1,800 jobs, reflecting 8 percent of the company’s global headquarters team, as part of a restructuring to simplify the business. According to an internal memo seen by ABC News, the cuts will include 1,000 layouts and the closing out of 800 open roles. Those impacted will receive pay and benefits...

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Target to launch limited-edition collection with Woolrich

Target has partnered with luxury outdoor brand Woolrich to create a special limited edition capsule collection. Launching October 18 in select stores and online, the Woolrich x Target collection features over one hundred items spanning apparel, accessories, home, gear, food, and beverage for women and men, with prices starting at 2 dollars and...