As it also unveiled executive changes, Target reported that November/December holiday season comparable sales registered a 1.4% increase but that home department comps were off slightly.
Target is ready with spring home introductions that include natural and neutral colors, handcrafted looks and the first furniture to emerge from its Hearth & Hand with Magnolia partnership.
Target kicked off its Cyber Week sale one day early this year, with digital doorbusters available on Target.com on Sunday, December 1, and Monday December 2. Throughout Cyber Week, Target will offer deep discounts, with new offers available every day through Green Monday on December 9.
Target is introducing what it is calling “HoliDeals,” featuring thousands of deals throughout the season on items like décor, electronics, toys and more. HoliDeals kicks off this week with the reveal of the retailer’s Black Friday ad and a two-day Black Friday Preview Sale featuring four times the number of deals compared to last year, the company said.
The Oster brand, a division of Newell Brands, has launched the newest addition to its blender portfolio, the Oster Pro Blender with Texture Select Settings. The new blender gives consumers the option to customize their food texture with the touch of a button, for thin, medium or thick results.
Target has expanded its Cravings by Chrissy Teigen housewares assortment with new fall/winter introductions. The cookware and kitchenware lineup is in collaboration with Gibson Overseas.
With the holiday shopping season on the horizon, Target is building on several current programs officials with the retailer said will make finding the right gift for family and friends easier.
Target is kicking off a three-year collaboration with the University of Minnesota’s College of Science and Engineering, propelled by a $250,000 Target donation. The goal is to build course curriculum and offer hands-on information security experiences, student scholarships, fellowships and grants, and opportunities for students to network with the retailer’s cyber security experts.
Another chapter in the ongoing Bed Bath & Beyond saga of reinvention has been written with the hiring of former Target executive Mark Tritton as the home specialty store’s new president/CEO.
Target has named Michael Fiddelke evp/chief financial officer, effective November 1. The retailer also updated its merchant leadership following Mark Tritton joining Bed Bath & Beyond as CEO.
Target plans to roll out its new loyalty offering, Target Circle, nationwide on October 6. The program is said to be an easier, more personalized shopping experience, while helping create a positive impact in local communities, with no membership fee required.
According to Coresight Research’s Holiday 2019: U.S. Shopper Survey, tariffs have become an issue for consumers in the U.S. who are evaluating year-end gift spending, and their thinking may throw a dark cloud over the season’s prospects.
Target is teaming up with Disney and will open a store at the Walt Disney World Resort in Orlando, FL, as part of the new partnership. The retailer will also open in-store Disney shops in select locations that will feature not only Disney merchandise but also the entertainment company’s Star Wars and Marvel properties.