Target news and archive

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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Business

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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Business

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,...

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Business

Target announces price increases amid tariff challenges and consumer uncertainty

Target, following its fourth-quarter review, has indicated potential price increases due to tariffs imposed on imported goods from Mexico, Canada, and China. These tariffs, specifically a 25 percent levy on Mexico and Canada, coincided with the company's announcement. Coupled with consumer uncertainty and a slight dip in February net sales,...

Fashion

Target collaborates with Champion to offer activewear

Target Corp. (TGT), Wednesday announced a strategic partnership with sportswear brand Champion to offer a unique line of high-quality, stylish activewear and sporting goods for adults and kids. The line, with most items under $40, will be available in Target stores and on its website from August. In the pre-market hours, Target's stock is...

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Business

Target rolls back DEI initiatives as Trump’s term begins

US retail giant Target has announced that it will be concluding its three-year diversity, equity and inclusion (DEI) goals, alongside other associated initiatives, in a move that seemingly aligns with the values of the new Trump administration. In a press release, Target said that in addition to the conclusion of its DEI goals, it would also be...

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Target sales grow over festive season, enacts exec changes

US department store giant Target has reported strong performance in holiday sales for the November and December period, with total sales rising 2.8 percent over the year prior. This, in turn, reflected a comparable sales increase of 2 percent, as well as “record-high” sales during both the Black Friday and Cyber Monday promotional periods....

Fashion |Beauty

Jaimee Lupton launches new fragrance and bodycare brand

Serial beauty entrepreneur Jaimee Lupton, founder of Monday Haircare, Osāna Naturals and Being, has launched a new range of mood-matching fragrance and bodycare products. Called ‘Daise’ the new beauty line has been designed to offer a fresh and fun approach to fragrance and body care catering to discerning elder Gen Alpha and young Gen Zs, which...

Fashion |Beauty

Target doubling down on commitment to wellness

American retailer Target is kickstarting 2025 with an expansion to its wellness category, adding more than 2,000 new items, including more than 600 exclusives. In a statement, Target said the expansion across multiple categories, including beauty, hair health, wellness technology, and apparel, was part of the retailer’s strategy to take an...