Latest Target Corp News

Hot inflation slows 3Q earnings growth forecasts

Oct. 06, 2022 08:12 AM EDT

Wall Street expects the latest round of quarterly profits to show burn marks from the hottest inflation in four decades, and the damage could linger into 2023. Analysts have been trimming their forecasts, especially in the retail and communications sectors, as inflation drives up...

Amazon to hold holiday shopping event in October

Sep. 26, 2022 01:03 AM EDT

Amazon said Monday that next month it will hold a second Prime Day-like shopping event, making it the latest major retailer to offer holiday deals earlier this year to entice cautious consumers struggling with tighter budgets. During the Oct. 11-12 event, Amazon Prime members will...

Walmart, Target begin holiday early to ease inflation sting

Sep. 22, 2022 08:08 AM EDT

NEW YORK (AP) — Walmart and Target plan to begin offering deals and price matching offers earlier this year to keep up with Americans pressed by soaring inflation and looking for ways to ease the potential sting of holiday shopping. For two years now, shoppers have...

California sues Amazon, alleging antitrust law violations

Sep. 14, 2022 18:12 PM EDT

NEW YORK (AP) — California is suing Amazon, accusing the company of violating the state's antitrust and unfair competition laws by stifling competition and engaging in practices that push sellers to maintain higher prices on products on other sites. The 84-page lawsuit filed...

American Eagle exec works to modernize the supply chain

Sep. 12, 2022 09:20 AM EDT

NEW YORK (AP) — From his perch as American Eagle Outfitters' chief supply chain officer, Shekar Natarajan is taking a page from shared ride service Uber to modernize the supply chain for retailers. Since Natarajan joined American Eagle almost four years ago, the teen retailer has...

Coupa Software, Glaukos rise; Occidental Petroleum falls

Sep. 07, 2022 16:17 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: EQT Corp., up 57 cents to $46. The natural gas company announced the purchase of gas and pipeline assets and doubled its stock buyback program. Coupa Software Inc.,...

Target drops mandatory CEO retirement age, Cornell to stay

Sep. 07, 2022 15:22 PM EDT

NEW YORK (AP) — Target is dropping the mandatory retirement age for its CEO, allowing Chief Executive Brian Cornell to stay on for three more years. Cornell, 63, would have passed the age of 65 in that span. Cornell took the helm at Target in 2014 when the...

Bed Bath & Beyond names interim CFO, but struggles remain

Sep. 06, 2022 19:14 PM EDT

Bed Bath & Beyond has named Chief Accounting Officer Laura Crossen as interim chief financial officer to replace Gustavo Arnal, whose death late last week adds to a cloud of financial uncertainty for the company and further complicates its plans for a turnaround. According to...

Americans splurge on beauty, despite pullbacks elsewhere

Sep. 04, 2022 12:18 PM EDT

NEW YORK (AP) — Like many Americans, Karla Maldonado has been cutting back her spending to spare her wallet from rising costs: She is eating out less and attending fewer social events to curb the impact of high gas prices. But the 26-year-old social worker of Portland, Oregon,...

Bed Bath & Beyond to close stores, cut jobs in rebound bid

Aug. 31, 2022 18:17 PM EDT

NEW YORK (AP) — Bed Bath & Beyond said Wednesday that it will shutter stores and lay off workers in a bid to turn around its beleaguered business. The home goods retailer based in Union, New Jersey, said it will close about 150 of its namesakes stores and slash its workforce by...