Target

Other
Hitting The Target Once Again

Target, the 2019 HomeWorld Business Retailer of the Year (see the May 27 issue), was the first mass retailer I could claim as my own.

Retail
Target Names Caruso CEO Of Shipt

Bill Smith, founder and CEO of Shipt, a wholly owned subsidiary of Target, announced he will be departing the company to pursue his next entrepreneurial challenge. He will continue to serve as an advisor to the company. Kelly Caruso will join Shipt, effective immediately, as the new CEO.

Retail
Target Launches Third-Party Selling Platform

Target is launching Target +, a curated assortment of products from third-party sellers on Target.com. An initiative in its early stages, it is designed to complement Target’s current assortment with selected additions in popular areas like home, toys, electronics and sporting goods.

Retail
Target Adds Payment Options

Target said its stores will soon accept Apple Pay, Google Pay and Samsung Pay as well as “contactless cards” from Mastercard, Visa, American Express and Discover in all stores.

Retail
NRF Show Focuses On Store Renewal

The National Retail Federation’s 2019 Retail’s Big Show, the organization’s annual convention held in New York, kicked off on January 13 with an emphasis on evolution of physical stores as a critical component.

Financials
Target Drives Comp Traffic In Q3

Although it missed Wall Street analyst estimates, Target enjoyed significant comparable sales and income growth in the third quarter, posting net earnings from continuing operations of $616 million, or $1.16 per diluted share.

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