Target stock falls 21% as big discounting effort falls short - NBC News
Nov 20, 2024 · Target's stock, as a result, fell more than 21% Wednesday. The discouraging results came despite a heavily touted campaign to discount thousands of items, as well as a pushed-up holiday sale.
Target Corporate: News & Features
Keep an eye on this space for the latest news and stories from Target — from company announcements to design partnerships to profiles of our team in action.
Target tumbles 22% after its sales and earnings fall short ... - CBS News
Nov 20, 2024 · Shares of Target plunged $34.27 to $121.78 in Wednesday afternoon trading. The retail chain said its third-quarter sales rose 1.1% to $25.7 billion, while net income dropped 12% to $854 million...
A tale of two retailers: Target reports ... - Associated Press News
Nov 20, 2024 · Target’s shares plummeted Wednesday, ending down more than 21%. Walmart’s share rose nearly 3% after posting its results Tuesday. The disappointing quarter at Target may have reflected the financial circumstances and mood of U.S. consumers in …
Target sounds the alarm bell on holiday shopping - CNN
Nov 20, 2024 · Target is expecting a surprisingly weak holiday shopping season, a potential warning sign for the retail industry.
Target’s sales fell for the first time in 7 years | CNN Business
Mar 5, 2024 · Target, a barometer of the American consumer, said its sales last year fell for the first time since 2016. Now it’s predicting a sluggish 2024 as shoppers are weighed down by higher prices and a...
Target launches new paid membership program in ... - Associated Press News
Mar 5, 2024 · NEW YORK (AP) — Target, looking for ways to reverse a sales malaise, is getting into Amazon territory: the paid membership game. The Minneapolis discounter said Tuesday the new paid program, called Target Circle 360, will offer unlimited free same-day delivery in as little as an hour for orders over $35 and free two-day shipping.
Target slashed prices. It paid off | CNN Business
Aug 21, 2024 · Target’s core middle-class customer base has been strained by higher prices and pulled back on discretionary goods like home decor, electronics and nonessential clothing in favor of groceries...
Target raises 2024 profit forecast as price cuts draw shoppers
Aug 21, 2024 · Target raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year, driven by price cuts that attracted more shoppers to its...
Target doubles bonuses for salaried employees as profits surge - NBC News
Mar 21, 2024 · Target is ratcheting up bonuses for salaried employees, including leaders in stores and across supply chains, thanks to a surge in profits. In-store managers and supply-chain operation leaders...