Target

Retail
Target Adjusts Strategic Initiatives As Comps Surge

As the COVID-19 crisis has evolved, Target said it has been experiencing unusually strong traffic and sales, particularly in its stores and same-day services, as consumers rely on Target for essential items like food, medicine, cleaning products and pantry stock-up items. As a result, the company has adjusted the expected timing of some of its strategic initiatives. 

Retail
Target Boosts Investment Into Employee Programs

Target is investing $300 million in a range of employee-related initiatives. In recognition of the significant contributions its frontline team members are playing during this time, Target said it is raising their pay by $2 an hour until at least May 2.

Retail
Retailers Respond To Coronavirus Outbreak

Retailers across a range of channels are addressing the coronavirus outbreak in stores and online, responding with measures to address consumer and employee safety and health concerns, ramping up the cleaning of stores and boosting cleaning tool and supply assortments to meet increased consumer needs.

Retail
Target Kicks Off Cyber Week Sale

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.

Financials
Target Breaks Big In Q3

In the third quarter, Target delivered strong comparable store sales and earnings gains, as the company benefited from additional store and digital traffic, as well as gains in the home department.

Retail
Target Readies Holiday Deal Blitz

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.

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