Brian Cornell

Shopping Shifts Squeeze Target Profit in Q1
Financial Performance

Shopping Shifts Squeeze Target Profit in Q1

The retailer's sales jumped 11.3% but margins were pressured as consumers switched to e-commerce amid the coronavirus crisis.
By Matthew Heller | May 20, 2020
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Target Names SVP Michael Fiddelke as CFO
People

Target Names SVP Michael Fiddelke as CFO

The retailer conducted an extensive global search before appointing Fiddelke to succeed Cathy Smith.
By Matthew Heller | October 10, 2019
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Cathy Smith to Step Down as Target CFO
People

Cathy Smith to Step Down as Target CFO

“The next person in that chair has some big shoes to fill," a Moody's analyst says.
By Matthew Heller | January 11, 2019
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Target’s Earnings Miss on Heavy Spending
Financial Performance

Target’s Earnings Miss on Heavy Spending

The retailer "may hit the top line, like you saw this quarter, but will we see that flow through to the bottom line?" one analyst says.
By Matthew Heller | March 6, 2018
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Target’s Comp Sales Surge 3.4% Over Holidays
Strategy

Target’s Comp Sales Surge 3.4% Over Holidays

The Christmas period results give "some validation to Target’s expensive plan to improve stores, delivery logistics, and customer service."
By Matthew Heller | January 9, 2018
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Target Stock Falls 8% on Holiday Season View
Turnarounds

Target Stock Falls 8% on Holiday Season View

The retailer's forecast of flat to 2% growth in fourth-quarter same-store sales appeared to revive investors' doubts over its turnaround plan.
By Matthew Heller | November 15, 2017
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Target’s Comp Sales Rise 1.3%, Beat Estimates
Strategy

Target’s Comp Sales Rise 1.3%, Beat Estimates

“For a little while, [Target] seemed to have lost its way but now appears to be getting back into that 'Tar-jay' mode."
By Matthew Heller | August 16, 2017
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Target Boosts Profit But Same-Store Sales Fall
Strategy

Target Boosts Profit But Same-Store Sales Fall

"Target's not out of the woods, yet," a retail analyst says. "The road to improvement will be long."
By Matthew Heller | May 18, 2017
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Target Plans Price Cuts as Sales Slump Again
Turnarounds

Target Plans Price Cuts as Sales Slump Again

The retailer's shift to a new business model "will present headwinds to our sales and profit performance in the short term."
By Matthew Heller | February 28, 2017
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Target’s Same-Store Sales Beat Expectations
Strategy

Target’s Same-Store Sales Beat Expectations

The 1.1% drop in comp sales for Q3 was a relief to investors and Target now forecasts as much as a 1% increase for the next quarter.
By Matthew Heller | November 16, 2016
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Target Shares Drop 7.6% on Comp Sales Miss
Strategy

Target Shares Drop 7.6% on Comp Sales Miss

Same-store sales gained 1.2% in Q1, missing analysts' estimates, and Target is expecting growth to be flat or lower in coming months.
By Katie Kuehner-Hebert | May 18, 2016
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Online Sales Fuel 1.9% Growth at Target
Turnarounds

Online Sales Fuel 1.9% Growth at Target

The retailer posted a 34% increase in digital sales but holiday-season promotions aimed at driving that growth cut into profits.
By Katie Kuehner-Hebert | February 24, 2016
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