Latest Target Corp News

US retail sales dip 0.3% in September

Oct. 16, 2019 10:15 AM EDT

WASHINGTON (AP) — Retail sales dropped in September by the largest amount in seven months, possibly signaling that rising trade tensions and turbulent markets are having an impact on consumer spending. Retail sales fell 0.3% last month following a 0.6% gain in August, the Commerce Department reported...

Asian stocks follow Wall Street higher on trade optimism

Oct. 10, 2019 11:58 PM EDT

BEIJING (AP) — Asian stock markets followed Wall Street higher Friday on optimism about U.S.-Chinese talks on ending a tariff war. Benchmarks in Tokyo, Hong Kong and Seoul advanced, while Shanghai edged lower following a week of gains. Traders were encouraged by President Donald Trump's plan to meet...

Bed Bath & Beyond, Intel jump while PG&E, ADTRAN tumble

Oct. 10, 2019 4:25 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday. Bed Bath & Beyond Inc., up $2.15 to $12.09 The struggling home goods retailer named former Target executive Mark J. Tritton as its new CEO. Ra Pharmaceuticals Inc., up $22.95 to $45.64 The biotechnology company is being...

Bed Bath & Beyond taps former Target exec to be new CEO

Oct. 9, 2019 6:18 PM EDT

NEW YORK (AP) — Struggling home goods chain Bed Bath & Beyond has named Target's former chief merchandising officer to be its new CEO and president. The Union, New Jersey-based chain says that Mark J. Tritton, a 30-year-retail industry veteran, will assume the top role on Nov. 4. Tritton succeeds...

Levi Strauss's 3Q profits drop 4.1%

Oct. 8, 2019 7:09 PM EDT

NEW YORK (AP) — Levi Strauss & Co. reported a 4.1% drop in third-quarter profits on Tuesday as the denim giant wrestles with a weak business at its wholesale accounts in the U.S. The earnings report comes eight months after Levi's returned to the stock market amid increasing competition and a changing...

Parent of Toys R Us teams up with Target to power online biz

Oct. 8, 2019 3:16 PM EDT

NEW YORK (AP) — The parent company of Toys R Us is turning to a key rival to restart its e-commerce business ahead of the holiday shopping season. Tru Kids Brands is teaming up with discounter Target Corp. to relaunch Toysrus.com, according to a joint release. The site, which launched Tuesday, features...

National Retail Federation forecasts solid holiday growth

Oct. 3, 2019 12:24 PM EDT

NEW YORK (AP) — The National Retail Federation, the nation’s largest retail trade group, forecasts that holiday sales will rise between 3.8% and 4.2% even as uncertainty looms over an escalating trade war with China. The holiday sales forecast, announced Thursday, marks an increase from the...

Shoppers have more options to return online purchases

Oct. 2, 2019 10:04 AM EDT

NEW YORK (AP) — Ahead of the holiday season, shoppers have more options to return unwanted items bought online as retailers look for new ways to drive traffic. Plenty of retailers like Target and Walmart allow shoppers to easily drop off online returns at their stores. But now, a growing number of...

Pottstown 1st in nation to pilot flexible plastic recycling

Sep. 28, 2019 3:05 AM EDT

POTTSTOWN, Pa. (AP) — Shrink wrap, shopping bags, bread bags, potato chip bags, food storage bags, drink pouches, bubble wrap and so much more. For years, none of these kinds of flexible plastic have been recyclable. As a result, it ends up in landfills or, even worse, the ocean and the stomachs of the...

Honest Co.'s CFO shares lessons learned and his vision ahead

Sep. 23, 2019 10:37 AM EDT

NEW YORK (AP) — The Honest Company, known for its eco-friendly diapers, wipes and cleaning products, is back on the upswing after a series of stumbling blocks. The digital native company was founded by actress Jessica Alba in 2012. It attained unicorn status — when a privately held startup attains...