Welcome to our dedicated page for Target Corporation news (Ticker: TGT), a resource for investors and traders seeking the latest updates and insights on Target Corporation stock.
Target Corporation (NYSE: TGT), headquartered in Minneapolis, operates nearly 2,000 stores across the United States and serves millions of customers both in-store and online at Target.com. As the sixth-largest retailer in the United States, Target is known for offering a wide selection of apparel, home goods, electronics, and household essentials at competitive prices, aiming to provide a premium shopping experience.
Founded in 1946, Target has maintained a strong commitment to community support by donating 5% of its profits, amounting to millions of dollars each week. With a clear focus on delivering value and quality, Target has built a portfolio of owned brands that generate over $30 billion in annual sales, catering to various customer needs.
Recent initiatives include the introduction of dealworthy, a new low-price brand offering nearly 400 items, and the relaunch of the Target Circle loyalty program, designed to provide enhanced savings and personalized shopping experiences. In addition, Target has announced a collaboration with Diane von Furstenberg, featuring exclusive designs in fashion and home decor.
Financially, Target has shown resilience and strategic growth. For the fourth quarter of 2023, the company reported GAAP and adjusted earnings per share (EPS) of $2.98, significantly higher than the previous year's $1.89 per share. Full-year EPS also saw an increase, with GAAP EPS at $8.94 compared to $5.98 in 2022. Despite a 4.4% decline in comparable sales in the fourth quarter, Target's total revenue grew to $31.9 billion, a 1.7% increase from the previous year.
Target continues to invest in its future, focusing on enhancing store experiences, expanding its digital presence, and building a more efficient supply chain. With strategic investments, including the recent reintroduction of the Target Circle membership program, Target aims to foster deeper connections with its customers and sustain long-term growth.
Stay updated with the latest news and developments from Target Corporation by visiting their corporate website and press center.
Target Corporation (NYSE: TGT) has launched "The Target Clearance Run" event, offering discounts of up to 50% on thousands of items, including clothing, toys, and home décor, starting December 26, 2022. This promotion aims to meet post-holiday shopping needs, allowing customers to utilize gift cards and restock essentials. The event features various deals such as buy one get one offers and special discounts on household items. Target continues to emphasize its competitive pricing strategy and commitment to customer satisfaction through loyalty programs and convenient shopping options.
Target Corporation (NYSE: TGT) is enhancing its appeal for last-minute holiday shoppers with expanded same-day services, including Order Pickup, Drive Up, and Same-Day Delivery through Shipt. Shoppers can place orders until 6 p.m. on Christmas Eve for pickup and until 4 p.m. for delivery. Target is also rolling out significant discounts on various items, from clothing to electronics, with special sales leading up to Christmas. These initiatives aim to provide quick, convenient shopping options for customers during the busy holiday season.
Target Corporation (NYSE: TGT) announces a two-day Cyber Monday sales event on Nov. 27-28, featuring significant discounts on hundreds of thousands of items exclusively online and through the Target app. Key offerings include up to 50% off on toys, electronics, and apparel. Customers can enjoy the convenience of same-day fulfillment options like Drive Up and Order Pickup. Additionally, Target will introduce new Weeklong Deals throughout December, ensuring ongoing savings for holiday shoppers. The retailer emphasizes its Holiday Price Match Guarantee and benefits for RedCard holders.
Target Corporation (NYSE: TGT) announced its largest Black Friday week sale ever from Nov. 20-26, featuring discounts of up to 50% on a wide range of products including electronics, toys, and kitchen appliances. New deals will launch on Thanksgiving Day and a two-day Cyber event follows on Nov. 27-28. Customers can utilize fulfillment options like Drive Up and Order Pickup for same-day purchases. Free shipping is available on orders over $35 or with Target RedCard.
Target Corporation (TGT) reported third quarter 2022 results with comparable sales growth of 2.7%, following a 12.7% increase last year. Total revenue rose to $26.5 billion, up 3.4%, but GAAP EPS fell 49.3% to $1.54. The company announced an enterprise initiative to enhance efficiency, aiming for savings of $2-3 billion over three years. Despite achieving unit share gains across core categories, profit trends weakened late in the quarter due to inflation and economic uncertainty, prompting a cautious fourth quarter outlook with expected low-single digit sales decline.
Target Corporation (NYSE:TGT) will host a webcast for its third quarter earnings conference call on November 16, 2022, at 7:00 a.m. Central Time. Investors and media can listen via the company’s website. The call will discuss key financial metrics and performance insights, which are critical for shareholders. With nearly 2,000 stores and a significant online presence at Target.com, Target has been a strong player in retail. The call aims to provide updates on the company's financial standing and future outlook.
National Storage Affiliates Trust (NSA) has announced a management transition. Effective April 1, 2023, Tamara Fischer will move from CEO to Executive Chair, while David Cramer, currently President, will take on the role of CEO. Cramer, who joined NSA in 2020, has extensive experience in the self-storage sector and was instrumental in growing NSA’s portfolio from 250 to over 1,100 properties. Derek Bergeon will be appointed Executive Vice President and COO on the same date. This transition aims to ensure continuity in leadership and leverage Cramer’s proven management capabilities for future growth.
Target Corporation (NYSE: TGT) is evolving its store strategy by introducing larger-format stores averaging nearly 150,000 square feet, exceeding their typical size by over 20,000 square feet. This new design emphasizes sustainability, community engagement, and enhanced guest experiences. Key features include expanded backroom space for fulfillment, a full range of merchandise, and increased natural light. Starting in 2023, most new and remodeled stores will incorporate these elements, enhancing Target's role in delivering same-day services and fulfilling digital orders.
Target Corporation (NYSE: TGT) announced an expanded collaboration with Apple, tripling its Apple at Target shop-in-shops to over 150 locations across the U.S. This expansion aims to enhance the shopping experience ahead of the holiday season. Additionally, Target Circle members can access a four-month free trial of Apple Fitness+, the best retailer offer available, along with special offers on other Apple services starting in November. The initiative reflects Target's commitment to providing unique retail experiences and exceptional offers for its guests.
Target Corporation (NYSE: TGT) has launched its Weeklong Black Friday Deals, offering savings of up to 50% or more on popular items. The promotion starts earlier this year, running through Thanksgiving Week. The Deal of the Day returns, providing daily discounts on top brands like Apple and KitchenAid until December 24. The retailer also highlights various shopping options, including free Order Pickup and Same-Day Delivery through Shipt. Target's Holiday Price Match Guarantee runs from October 6 to December 24, allowing shoppers to secure early deals.
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