Latest Target Corp News

Cyber Monday deals lure in consumers amid high inflation

Nov. 28, 2022 17:58 PM EST

NEW YORK (AP) — Days after flocking to stores on Black Friday, consumers are turning online for Cyber Monday to score more discounts on gifts and other items that have ballooned in price because of high inflation. Cyber Monday is expected to remain the year’s biggest online...

Inflation hovers over shoppers seeking deals on Black Friday

Nov. 25, 2022 18:59 PM EST

NEW YORK (AP) — Cautious shoppers hunted for the best deals at stores and online as retailers offered new Black Friday discounts to entice consumers eager to start buying holiday gifts but weighed down by inflation. Due to elevated prices for food, rent, gasoline and other...

Holiday shopping kicks off with inflation dampening spirits

Nov. 24, 2022 10:21 AM EST

NEW YORK (AP) — While Black Friday will mark a return to familiar holiday shopping patterns, uncertainty still remains. The U.S. job market remains strong, consumer spending is resilient and inflation has been slowing. But elevated prices for food, rent, gasoline and other...

Shoppers hunt for deals but inflation makes bargains elusive

Nov. 23, 2022 10:54 AM EST

NEW YORK (AP) — Consumers holding out for big deals — and some much-needed relief from soaring costs on just about everything — may be disappointed as they head into the busiest shopping season of the year. While retailers are advertising sales of 30%, 50% and 70% off...

Macy's, Kohl's, Gap point to cloudy holiday retail picture

Nov. 17, 2022 17:59 PM EST

NEW YORK (AP) — Results from Macy's, Kohl's and Gap on Thursday further underscored the cloudy picture for U.S. retailers heading into the start of the holiday season. A day after Target reported a sharp drop in quarterly profits, it's clear that inflation-hit shoppers in the last...

Asian benchmarks mostly decline amid lingering China worries

Nov. 16, 2022 22:11 PM EST

TOKYO (AP) — Asian shares mostly declined Thursday amid concerns about the impact of China's “zero-COVID” strategy mixed with hopes for economic activity and tourism returning to normal. Benchmarks fell in Tokyo, Seoul, Hong Kong and Shanghai, while gaining in Sydney. Oil...

Target, Advance Auto Parts fall; Lowe's, ImmunoGen rise

Nov. 16, 2022 16:18 PM EST

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Target Corp., down $23.51 to $155.47. The retailer reported an unexpectedly big drop in third-quarter profit as customers curtailed spending ahead of the holiday shopping season....

Target's 3Q profit drops 52% as shoppers force price cuts

Nov. 16, 2022 15:10 PM EST

NEW YORK (AP) — An unexpected and potentially ominous pullback in customer spending ahead of the holiday shopping season pushed third-quarter profits at Target down 52% after it was forced to slash prices with Americans feeling the squeeze of inflation. The Minneapolis retailer...

US retail sales rose 1.3% last month, a sign of resilience

Nov. 16, 2022 10:28 AM EST

WASHINGTON (AP) — Americans stepped up their spending at retailers, restaurants, and auto dealers last month, a sign of consumer resilience as the holiday shopping season begins amid painfully high inflation and rising interest rates. The government said Wednesday that retail sales...

This Week: Tyson Foods, Krispy Kreme, Target earnings

Nov. 14, 2022 01:02 AM EST

A look at some of the key business events and economic indicators upcoming this week: Tyson Foods Tyson Foods reports its fourth quarter earnings Monday. Tyson, one of the world's largest meat processors, is expected to report its profit fell for a second-straight...