Target news and archive

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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Retail

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...

Fashion

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...

People

Michael Fiddelke to lead Target as new CEO starting February 2026

Target Corporation has announced a major leadership change, with its board of directors unanimously electing Michael Fiddelke as the new chief executive officer. Fiddelke, who currently serves as chief operating officer, will also join the board of directors. Both appointments will be effective on February 1, 2026. Current CEO Brian Cornell will...

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Retail|REPORT

How Tariffs, Interest Rates & Geopolitical Tensions Are Shaping US Retail Right Now

Consumers across the nation are cautiously optimistic about the current state of the United States. However, many of us may feel a tad more positive this month than earlier this year (hello summer!), but most remain rather concerned about potential economic slowdowns and increasing prices. Key insights into shifting retail spending habits from...

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Business

Gap, Houdini and Target partner with Syre on commercial launch of circular polyester

Textile-to-textile recycling firm Syre has established a strategic partnership with Gap Inc., Houdini Sportswear and Target ahead of the commercial launch of its circular polyester product. All of the companies have agreed, within their own capabilities, to utilise the company’s polyester, furthering both Syre’s mission of reaching a broader...

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Target aims to drive growth with New Acceleration Office after Q1 sales drop

Target Corporation released its first quarter 2025 financial results, reporting net sales of 23.8 billion dollars, a 2.8 percent decrease versus the same period last year. The retailer highlighted digital comparable sales growth of 4.7 percent, driven by a significant 36 percent surge in same-day delivery through its Target Circle 360 program...

Fashion |In Pictures

Kate Spade New York to launch affordable collection with Target

American fashion and lifestyle brand Kate Spade New York, known for its colourful and quirky aesthetic, is teaming up with Minneapolis-based retailer Target to launch an exclusive limited-time affordable collection of fashion, home and entertaining essentials. The Kate Spade New York x Target collection, launching on April 12, features more than...

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Target aims for over $15 billion in sales growth by 2030 through strategic investments

At its financial community meeting today, Target Corp. (TGT) announced its plans to achieve more than $15 billion in sales growth by 2030 through ongoing investments in its multi-channel business. The strategic plans include expanding on-trend and affordable assortments, reinforcing Target as a discovery destination by blending physical,...