Target Corporation news and archive

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 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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Target appoints Jim Lee as chief financial officer

Target Corporation has appointed Jim Lee as chief financial officer and a member of its leadership team effective September 22, 2024. In his new role, Lee, the company said in a release, will be responsible for financial planning and analysis, finance capabilities, internal audit, accounting, investor relations, treasury, tax, risk, financial...

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Target announces changes to its leadership team

Target Corporation has named Christina Hennington, currently chief growth officer, as chief strategy and growth officer, and Rick Gomez, currently chief food, essentials and beauty officer, as chief commercial officer, overseeing Target's merchandising business, both effective July 7. The company added that Lisa Roath, Target's chief marketing...

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Business

Target reports Q1 comparable sales decline of 3.7 percent

Target reported first quarter GAAP and adjusted earnings per share of 2.03 dollars compared with 2.05 dollars in 2023. The company’s first quarter comparable sales declined 3.7 percent, reflecting a comparable store sales decline of 4.8 percent partially offset by a comparable digital sales increase of 1.4 percent. Total revenue of 24.5 billion...

Fashion

Target to launch pickleball collection with Prince

Target has partnered with tennis and lifestyle brand Prince to launch a limited-edition pickleball collection. The Prince for Target collection features more than 80 apparel, sporting goods, and accessories for pickleball, the fastest-growing sport in the United States, according to the 2023 Sports & Fitness Industry Association's topline. The...

Fashion

First Look: Diane von Furstenburg for Target Collection

Ahead of its drop, Target has revealed the entire collection from its latest limited-edition collaboration with the iconic Diane von Furstenberg. Best known for her famous wrap dress and stylish, bold prints, the highly anticipated collection, inspired by art and nature, includes more than 200 items across women’s, girls’, baby apparel,...

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Target appoints Dmitri Stockton to its board of directors

Target Corporation’s board of directors has elected Dmitri L. Stockton, former senior vice president and special advisor to the chairman of General Electric Company, as a new director, effective March 5, 2018. “Dmitri’s impressive career includes three decades of leading complex global businesses and teams of tens of thousands through times of...