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The Latest Breaking News from Brian Cornell

Target bosses pledge 'modifications' to its Pride Month collections after transgender merch backlash

The big-box retailer suffered its first sales drop in six years after foot traffic tailed off once it began selling items like "tuck-friendly" bathing suits.

Fortune

Target Q2 sales fall on muted spending, Pride month backlash, and it cuts profit outlook for 2023

Target reported its first quarterly sales drop in six years, dragged down by shoppers' inflation worries and a negative reaction by some customers, widely publicized on social media, to its Pride merchandise

The Independent UK

Target sees drop in sales after rightwing backlash to Pride merchandise

Sales fell 5.4% over the last three months, a higher decline than expectations, according to second-quarter earnings report

The Guardian - US

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Target surges on Q2 earnings beat, but Pride backlash hits sales

Target slashed its 2023 profit forecast, even after beating Q2 earnings estimates, suggesting consumers face significant spending pressure in the second half.

The Street

As Prices Go Up, Target is Losing Sales (Here's Why This Customer Is Key)

For Target to hit its annual sales target, the retailer needs this consumer to step up.

The Street

Pride Controversy Aside, Investors Show Love For Target; Here's What They Did

Target has had a rocky year but investors largely back senior leadership.

The Street

Retail Theft is a Big Problem. But Who's Stealing May Shock You

Retailers have been calling out organized groups. But the problem also lies closer to home.

The Street

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Battle for Pride: What You Need to Know About the Target Backlash

Boycotts, press releases, and discontinued merchandise mark the start of Target's Pride Month celebrations

The Street

Investors Have Fled Target Stock. Here's Why (It's Not What You Think)

Critics point to the recent controversy over its LGBTQ+ products. But the real situation is way more complicated.

The Street

Target’s CEO slams ‘gut-wrenching’ threats over LGBTQ-themed goods

Target Corp.’s top executive hammered the aggressive behavior that some customers directed toward employees because of the retailer’s collection of LGBTQ-themed merchandise.

Tribune News Service

Target Gives in to Right Wing Threats

Faced with threats over its support for LGBTQ+ Pride Month, the retailer took this drastic move.

The Street

Target axes Pride merch over MAGA gripes

California Gov. Gavin Newsom said the move was part of a "systematic attack on the gay community" around the U.S.

Salon

Here's Why the CEO of Target isn't Afraid of Cultural Backlash

The company is looking at the bigger, broader picture.

The Street

Target CEO makes shock announcement over 'violent' theft toll causing chaos for retailers

The CEO issued a warning over an increase in 'violent' thefts, the scale of which is having serious financial implications for the retail industry

Daily Mirror

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Fortune

Target CEO: DEI has ‘fueled much of our growth over the last 9 years’

CEO Brian Cornell says doing what's right for employees and the company culture adds value for shareholders.

Investors Business Daily

Stock Market Higher But Target Chills Consumer Outlook. Broadcom Called Top-10 AI Play.

The stock market strengthened in midday trading Wednesday as indexes held near session highs.

The Street

Target Warns 'Organized Retail Crime' Will Carve $500 Million From 2023 Earnings

"We now expect shrink will reduce this year's profitability by more than $500 million compared with last year," said CEO Brian Cornell.

The Street

Target Might Close Stores Because Of This Rampant Problem

CEO Brian Cornell said this problem will cost the retailer a half-billion dollars in profits this year alone.

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The Street

Consumers Are Making Fewer Store Visits (Except At This Retailer)

Walmart and even Costco have seen their traffic drop, but one retailer has been surprisingly immune.

The Street

Target Is Doing Something To Reach Customers in a New Way

But the retailer is taking a different approach from rivals like Walmart and Amazon.

The Street

Unlike Amazon, Target Is Fine With You Returning Stuff — Here's Why

Target is making a calculated bet that absorbing losses on returns will pay off in the long run.

The Street

Target Spending $5 Billion to Deliver Better Stores, 'Affordable Joy'

The chain plans to double down on its one big advantage over Walmart and Amazon.

The Street

Inside Target CEO's Quest to Balance Cheap Chic With Cheap Boring

Brian Cornell wants to build a retailer that can expertly sell both trendy apparel and plain ol' cereal. His top priority: fixing inventory.

The Independent UK

Target issues tepid outlook after a 43% profit drop in 4Q

Target has reported a 43% drop in profits and a slight uptick in sales for the holiday quarter

Fortune

Too few retail execs have the chops to be CEO anymore

Retail boards are struggling with fewer prospects to fill the corner office.

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