As it noted the retirement of Arthur Valdez, executive vp and chief supply chain and logistics officer, Target Corp. announced that Brian Cornell has committed to remain as CEO for three more years. Gretchen McCarthy, senior vp, global inventory management, will...
After experiencing an inventory glut as the year began, Target decided to quickly address the merchandise excess. Although it believes doing so positioned the company for better margins in the back end of the year, the determination pressured second-quarter...
Although it lately has been more recognized for smaller urban locations in its store expansion initiatives, Target Corp. hasn’t given up on opportunistic expansion in larger retail developments. Mall operator Macerich has announced it will host a new Target store at...
As it revised financial guidance, Target Corp. announced it is acting to “right-size” its inventory for the balance of the year and create additional flexibility to focus on serving guests in a rapidly changing environment. Target stated that it intends to...
Inflation, changing consumer preference and supply chain issues pressured Target’s first-quarter earnings even as comparable sales gained and overall revenues did better than Wall Street anticipated. Net earnings were $1.01 billion in the quarter, or $2.16 per...
