Latest Target Corp News

Bed Bath & Beyond CEO ousted after another dour quarter

Jun. 29, 2022 17:41 PM EDT

Bed Bath & Beyond's CEO was ousted Wednesday as the home goods retailer struggles to figure out what people want to buy. Board member Sue Gove will take over as interim CEO, the company said Wednesday, replacing Mark Tritton. Bed Bath & Beyond hired Tritton in late 2019....

US inflation at new 40-year high as price increases spread

Jun. 10, 2022 17:36 PM EDT

WASHINGTON (AP) — The prices of gas, food and most other goods and services jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs. Consumer prices surged 8.6% last month from a year earlier, faster than April’s...

White supremacists are riling up thousands on social media

Jun. 10, 2022 15:19 PM EDT

WASHINGTON (AP) — The social media posts are of a distinct type. They hint darkly that the CIA or the FBI are behind mass shootings. They traffic in racist, sexist and homophobic tropes. They revel in the prospect of a “white boy summer.” White nationalists and supremacists, on...

Asian shares mostly higher after wobbly rally on Wall St

Jun. 08, 2022 00:46 AM EDT

BANGKOK (AP) — Shares were mostly higher in Asia on Wednesday after U.S. stocks rallied on heavy buying of technology companies. Advancing Chinese technology shares also pushed Hong Kong sharply higher. Benchmarks likewise rose in Tokyo, Seoul and Sydney. Shanghai declined. Oil...

Kohl's, JM Smucker rise; Target, Encompass fall

Jun. 07, 2022 16:23 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Target Corp., down $3.69 to $155.98. The retailer is canceling orders from suppliers and slashing prices as consumers shift spending from goods to services. Kohl's...

Facing huge inventory, Target cuts vendor orders, prices

Jun. 07, 2022 14:54 PM EDT

NEW YORK (AP) — Target is canceling orders from suppliers, particularly for home goods and clothing, and it's slashing prices further to clear out amassed inventory ahead of the critical fall and holiday shopping seasons. The actions, announced Tuesday, come after a pronounced...

Target plans to cut prices to cut burgeoning inventory

Jun. 07, 2022 10:09 AM EDT

MINNEAPOLIS (AP) — Retail giant Target Corp. plans to cut prices on some merchandise and cancel orders as the company works to reduce its burgeoning inventory. The Minneapolis Star Tribune reported Tuesday that the company’s inventory grew 43% from February to April. ...

More job gains point to a solid economy and Fed rate hikes

Jun. 03, 2022 16:50 PM EDT

WASHINGTON (AP) — U.S. employers added 390,000 jobs in May, extending a streak of solid hiring that has bolstered an economy under pressure from high inflation and rising interest rates. Last month’s gain reflects a resilient job market that has so far shrugged off concerns that...

Wall Street breaks 7-week losing streak, longest since 2001

May. 27, 2022 16:45 PM EDT

NEW YORK (AP) — Technology companies led a broad rally for stocks Friday as Wall Street notched its best week in 18 months. The gain broke a seven-week losing streak for the market, the longest such stretch since 2001. The S&P 500 rose 2.5% and finished 6.6% higher for the...

Asian shares' rise broadly cheered by US earnings, rally

May. 26, 2022 23:46 PM EDT

TOKYO (AP) — Asian shares gained Friday as investors cheered a strong set of earnings from retailers that has sent U.S. shares higher. Benchmarks were rising in early trading across the region, including Japan, China, Australia and South Korea. “Improved risk...