Latest Target Corp News

Biden offers logistics support to ease formula shortage

May. 16, 2022 11:41 AM EDT

WASHINGTON (AP) — Under fire from parents and politicians, President Joe Biden is offering formula manufacturers and retailers transportation and logistics support to ease the nationwide shortage of baby formula, as the administration works to bring the largest domestic plant back on line after...

Stocks rally, but still mark their 6th straight losing week

May. 13, 2022 17:12 PM EDT

NEW YORK (AP) — Wall Street closed out another volatile week of trading with a broad rally Friday, though it wasn't nearly enough to keep the market from its sixth straight weekly drop, the longest such streak since 2011. The S&P 500 climbed 2.4%. More than 90% of the companies...

Parents swap, sell baby formula as Biden focuses on shortage

May. 12, 2022 21:13 PM EDT

WASHINGTON (AP) — President Joe Biden stepped up his administration's response to a nationwide baby formula shortage Thursday that has forced frenzied parents into online groups to swap and sell to each other to keep their babies fed. The president discussed with executives from...

EXPLAINER: What's behind the baby formula shortage?

May. 12, 2022 16:38 PM EDT

WASHINGTON (AP) — Many parents are hunting for infant formula because of a combination of short- and long-term problems that has hit most of the biggest U.S. brands. Millions of babies in the U.S. rely on formula, which is the only source of nutrition recommended for infants who...

Workers at a Target store in Virginia file for union vote

May. 10, 2022 19:33 PM EDT

NEW YORK (AP) — Workers at a Target store in Christiansburg, Virginia, filed paperwork Tuesday with federal labor regulators to hold a union election, joining a wave of union organizing at other retailers around the country. Workers at the store, which employs about 100, are seeing...

Target Corp. pays $5 million to settle pricing lawsuit

Apr. 29, 2022 15:55 PM EDT

MINNEAPOLIS (AP) — Target Corp. has agreed to pay $5 million to settle a California lawsuit alleging the retail chain changed prices on its mobile app after customers entered stores and charged them more than advertised. The Minneapolis Star Tribune reported Friday that the San...

Visa's 2Q profits jump 21% as pandemic eases across globe

Apr. 26, 2022 18:22 PM EDT

NEW YORK (AP) — Payment processing giant Visa's profits rose 21% in the first three months of the year fueled by a large jump in spending on the company's namesake credit and debit card network. The San Francisco-based company reported Tuesday that it earned $3.65 billion, or...

Once a retail giant, Kmart nears extinction after closure

Apr. 11, 2022 11:35 AM EDT

AVENEL, N.J. (AP) — The familiar sights and sounds are still there: the scuffed and faded floor tiles, the relentless beige-on-beige color scheme, the toddlers' clothes and refrigerators and pretty much everything in between. There’s even a canned recording that begins,...

Walmart to end cigarette sales in some stores

Mar. 28, 2022 11:04 AM EDT

NEW YORK (AP) — Walmart will no longer sell cigarettes in some of its stores though tobacco sales can be a significant revenue generator. Wall Street Journal was the first to report the development Monday. It noted some stores in California, Florida, Arkansas and New Mexico were...

Best Buy reports Q4 sales miss hurt by supply chain clogs

Mar. 03, 2022 12:48 PM EST

NEW YORK (AP) — Best Buy reported a shortfall in sales for the holiday quarter as the nation's largest electronics chain struggled with limited supplies of holiday products and was forced to reduce store hours because of a shortage of workers due to the omicron variant. The chain,...