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Target Reports Holiday Sales And Maintains EPS Guidance
Casper Sleep Inc Files For IPO Of Up To $100 Mln
Target Declares Quarterly Dividend Of 66 Cents Per Common Share
Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online. Its owned brands include Archer Farms, Market Pantry, Sutton & Dodge, Art Class, Merona, Threshold, Ava & Viv, Pillowfort, Room Essentials, Wine Cube, Cat & Jack, Simply Balanced and Wondershop. Its exclusive brands include C9 by Champion, Hand Made Modern, Mossimo, DENIZEN from Levi's, Nate Berkus for Target, Fieldcrest, Kid Made Modern, Genuine Kids from OshKosh and Liz Lange for Target. As of January 28, 2017, the Company had 1,802 stores across the United States, including 1,535 owned stores, 107 leased stores and 160 owned buildings on leased land.
1000 Nicollet Mall
Brian C. Cornell
Chairman of the Board, Chief Executive Officer
Michael J. Fiddelke
Chief Financial Officer, Executive Vice President
John J. Mulligan
Chief Operating Officer, Executive Vice President
Michael Edward McNamara
Executive Vice President, Chief Information Officer
Rick H. Gomez
Executive Vice President, Chief Marketing & Digital Officer
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Price To Sales (TTM)
Price To Book (MRQ)
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Total Debt To Equity (MRQ)
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Return on Equity (TTM)
Target Corp <TGT.N> fell short of its own expectations for holiday season sales on Wednesday, reporting a drop off in online growth and demand for toys and electronics that sent a shiver through the wider U.S. retail sector.
Target Corp on Wednesday reported comparable sales growth of just 1.4% for the 2019 holiday season on the back of weak demand for electronics, toys and home products, sending shares in the retailer 8% lower.
Target Corp <TGT.N> signaled a strong start to the holiday season and raised its full-year earnings forecast on Wednesday, betting on its aggressive push into faster delivery and investments in store revamps, sending its shares up 14%.
Target Corp raised its full-year profit forecast after posting better-than-expected quarterly comparable sales on Wednesday, as the retailer expects a strong holiday shopping season, sending its shares up 8% in trading before the bell.
Walgreens Boots Alliance Inc and Target Corp on Friday became the latest retailers to remove all 22-ounce bottles of Johnson & Johnson baby powder from their stores, after the healthcare conglomerate recalled some bottles because of possible asbestos contamination.
Target Corp on Friday became the latest retailer to remove all 22-ounce bottles of Johnson & Johnson baby powder from its stores, after the healthcare conglomerate recalled some bottles because of possible asbestos contamination.
Bed Bath & Beyond Inc <BBBY.O> on Wednesday hired Target Corp's <TGT.N> Mark Tritton as chief executive officer, months after its long-time head, Steven Temares, left the company under pressure from activist investors, sending its shares up 23%.
Bed Bath & Beyond Inc said on Wednesday it had hired Target Corp's chief merchandising officer, Mark Tritton, as its chief executive officer, replacing long-time chief Steven Temares who left the furnishing retailer in May
Target Corp <TGT.N> on Tuesday announced a partnership with Tru Kids, the parent company of Toys 'R' Us brand, to power the toy retailer's online business in the United States ahead of the holiday season.
Gap Inc <GPS.N> said on Thursday it plans to hire more than 30,000 seasonal workers for the upcoming holiday season, lower than the 65,000 target the apparel retailer had set for 2018.
Retailer Target Corp said on Tuesday it was planning to hire more than 130,000 store employees for the holiday season, 10,000 more than last year, as it gears up for the crucial shopping period when in-store and online orders surge.
Retailer Target Corp said on Tuesday it was planning to hire 130,000 store employees for the holiday season, 10,000 more than last year, as it readies for a crucial shopping period when in-store and online orders surge.
Walt Disney Co <DIS.N> and Target Corp <TGT.N> announced a collaboration on Sunday that will open 25 Disney stores inside select Target locations nationwide on Oct. 4, with plans for 40 additional sites by October next year.
Target Corp beat expectations for earnings and raised its full-year outlook on Wednesday as its investments in same-day delivery and pick-up services increased traffic to its website and stores, sending shares 19% higher.
* Indexes up: Dow 1.03%, S&P 0.85%, Nasdaq 0.95% (Recasts with release of Fed minutes; changes byline; adds New York to dateline)
Wall Street's main indexes rose about 1% on Wednesday, as upbeat earnings from retailers Lowe's and Target reinforced confidence in consumer demand, while investors awaited the release of the Fed minutes for further clues on the path of interest rate cuts.
* Indexes up: Dow 0.88%, S&P 0.74%, Nasdaq 0.89% (Changes comment, adds details; Updates prices)
* Indexes up: Dow 0.96%, S&P 0.89%, Nasdaq 1.04% (Updates to open)
U.S. stocks opened higher on Wednesday, as strong results from Lowe's and Target boosted retailers, while investors awaited minutes from the Federal Reserve's July policy meeting due later in the day.
* Futures up: Dow 0.70%, S&P 0.76%, Nasdaq 0.79% (Adds comment, details; Updates prices)
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.