Target news and archive

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...

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...

Member

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...

Member

Business

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...

Member

Business

Target posts 11.9 percent decline in Q3 earnings

Department store chain Target reported third quarter GAAP and adjusted earnings per share of 1.85 dollars, down 11.9 percent compared with last year. Comparable sales increased 0.3 percent in the quarter, reflecting a comparable store sales decline of 1.9 percent and a comparable digital sales increase of 10.8 percent. For the fourth quarter,...

Retail

Target to cut prices on 2,000 items during holiday season

Retail major Target Corp. announced its plan to reduce regular prices on more than 2,000 items across owned and national brands this holiday season, to remain competitive in markets. These new price reductions are on top of the retailer's everyday low prices. In total, the company would be offering lower prices than last year on more than 10,000...

FeaturedMember

Fashion|In Pictures

Wicked unveils fashion and beauty collabs ahead of film release

The highly anticipated film adaptation of Tony Award-winning Broadway musical ‘Wicked’ is arriving in cinemas on November 22 and like with other movies in recent years, such as ‘Barbie the Movie’ and ‘Beetlejuice Beetlejuice’, the film release is being celebrated with movie-inspired clothing, beauty and homeware collaborations. Brands like H&M,...

Member

People

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...

Fashion

Target to launch exclusive Cuddle Collab Pet Apparel

Monday, Target Corp. (TGT) announced the launch of 'The Cuddle Collab,' its inaugural exclusive collection for pets and their owners, set to debut on September 21, 2024. This collection includes over 180 items inspired by six popular social media pet influencers dubbed 'fur-fluencers,' with prices beginning at 3 dollars. The product range...

Member

Business

Target, TJX & Macy's Q2 earnings top all estimates

Retailers Target Corp. (TGT), TJX Cos. Inc. (TJX) and Macy's, Inc. (M) reported Wednesday profits for the second quarter that topped analysts' estimates. Quarterly revenues at Target and TJX also beat estimates, while it misses by a whisker at Macy's. The improved results at the retailers were driven by gross margin expansion. Target and TJX...