Latest Target Corp News

Sharp drop in retailers helps pull Wall Street indexes lower

May. 18, 2022 09:49 AM EDT

NEW YORK (AP) — Stocks are opening lower on Wall Street, led by steep drops in retailers as Target plunged after issuing a grim quarterly earnings report. Target lost a quarter of its value in the early going Wednesday after saying its results were hit by higher costs, dragging other store...

Target feels inflation's sting in Q1, shares plunge

May. 18, 2022 08:30 AM EDT

NEW YORK (AP) — Target took a big hit from higher costs during the first quarter despite brisk sales and shares appeared headed for their most severe sell-off since the Black Monday market crash of 1987. Profits for major retailers has come under pressure from both surging...

Walmart Q1 profit dragged down as inflation takes a bite

May. 17, 2022 11:20 AM EDT

NEW YORK (AP) — Walmart reported stronger sales for its fiscal first quarter, but its profit took a beating as the nation's largest retailer grappled with surging inflation on food and fuel and higher costs from a snarled global supply chain. The company also on Tuesday cut its...

Asian shares advance despite losses on Wall Street

May. 16, 2022 23:59 PM EDT

Shares advanced in Asia on Tuesday after another wobbly day on Wall Street extended a losing streak for markets. Hong Kong advanced nearly 2.5% and other regional benchmarks were moderately higher. Oil prices slipped. Signs of progress in China's effort to bring...

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...