Target Archives - CFO

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

Target Pulls Financial Outlook Amid ‘Unprecedented’ Demand

Target Pulls Financial Outlook Amid ‘Unprecedented’ Demand

The retailer said it saw a surge in traffic and sales beginning in mid-March.

By Lauren Muskett | March 25, 2020

Target Names SVP Michael Fiddelke as CFO

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

Cathy Smith to Step Down as Target CFO

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

Holiday Season Weakness Hits Macy’s, Kohl’s

Financial Performance

Holiday Season Weakness Hits Macy’s, Kohl’s

"The rising tide of the economy is not floating all retail boats,” an analyst says of the department store chains' disappointing sales growth.

By Matthew Heller | January 10, 2019

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

Target’s Comp Sales Surge 3.4% Over Holidays

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

Target to Buy Shipt Same-Day Delivery Service

Target to Buy Shipt Same-Day Delivery Service

The $550 million deal positions Target to compete with Amazon and Walmart in the same-day delivery wars.

By Matthew Heller | December 13, 2017

Target Stock Falls 8% on Holiday Season View

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

Target’s Comp Sales Rise 1.3%, Beat Estimates

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

Why Cybersecurity Is Financially Undervalued

Why Cybersecurity Is Financially Undervalued

Securing corporate America is not a technology problem. Instead, shareholders need to value cybersecurity and begin to punish poor performance.

By Kevin Magee | June 23, 2017

Target to Pay States $18.5M Over Data Breach

Target to Pay States $18.5M Over Data Breach

The settlement "should send a strong message to other companies: You are responsible for protecting your customers’ personal information."

By Matthew Heller | May 23, 2017

Target Boosts Profit But Same-Store Sales Fall

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

Costco Hikes Fees by $5 as Q2 Earnings Miss

Costco Hikes Fees by $5 as Q2 Earnings Miss

CFO Richard Galanti says the competitive challenges Costco is facing from Sam's Club and Target are “formidable.”

By Matthew Heller | March 6, 2017

Target Plans Price Cuts as Sales Slump Again

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