Target Q1 Beats Expectations; Digital Sales Up 38%

Target

The company earned 98 cents a share, with adjusted earnings of $1.10 a share. Analysts expected $1.03 a share, according to Thomson Reuters.

Wal-Mart Buying 13 Former Target Stores in Canada

walmart

Wal-Mart Stores Inc. said it would acquire more retail and distribution space in Canada from Target Corp.

Target Canada Liquidations Wrapping Up

Target

Target Canada Co. says its headquarters and three distribution centers have shut down and the liquidation and closing of its 133 stores will be finished on April 12.

Target to Raise its Minimum Wage After All

Target’s change of heart could be blamed on a number of factors, including public pressure, bad press about its massive layoffs and a competitive job market.

Target Launches Limited Edition, American-Made Men’s Collection

Target Collective-Taylor Stitch-shirt

Target is launching a limited edition collection of American-made men’s apparel and accessories next week from six small brands.

Target Lays Off 1,700 Corporate Staff in Minneapolis

Target

The layoffs, the largest in Target’s history, amount to 13% of the total headquarters staff.

Target to Restructure, Eliminate Thousands of Jobs

Target

Target announced some impressive growth plans but it’s the “several thousand” job cuts that are getting all the attention.

Target Says it Won’t Follow Walmart and TJX in Wage Hikes

Target

Target CEO Brian Cornell told investors that the retailer won’t be raising its minimum wage to $9 like its competitors, Walmart and TJX Companies.

Tesco Exec Mike McNamara Joins Target as CIO

Mike McNamara

Tesco exec Mike McNamara will replace the retiring Bob DeRodes as Target’s CIO.

Target Closing All 133 Stores in Canada

Target

CEO Brian Cornell said Target Canada wouldn’t have been profitable until at least 2021.