Target turned in strong second-quarter results as store traffic gains helped propel comparable sales growth. Net earnings were $1.19 billion, or $2.57 per diluted share, versus $835 million, or $1.80 per diluted share, in the year-before quarter, the company...
Target first-quarter earnings declined year over year, disappointing Wall Street. However, the company’s chair and CEO, Brian Cornell, said that recent moves, including price cuts the company has been rolling out, position it for a return to growth. Net earnings were...
Target announced at its financial community meeting this week updates to its loyalty program and own-brand assortment. The own-brand move follows the launch of the Dealworthy everyday essentials label. Meanwhile, as initially discussed at the financial community...
Fourth-quarter results signal gains ahead for Target, despite lower-than-expected sales for the period, Target Chairman and CEO Brian Cornell told participants in the company’s annual investment community event. Net earnings for the 14-week fourth quarter were $1.38...
In an executive suite shakeup, Target Corp. announced that Michael Fiddelke is shifting from the CFO to the COO role and that the company is making changes in its merchandising and legal leadership. Target, in what it characterized as recognition of the size, scale...
