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The Latest Breaking News from Brian Cornell

Costco Stock Slides After Q1 Earnings Miss, Weakening Autumn Sales

Costco's first quarter earnings missed Street forecasts following a pullback in sales over the final weeks of autumn.

The Street

Target, Starbucks Add Something New You May Like

People's expectations of service are permanently changed thanks to the covid era -- and businesses are following suit.

The Street

Will shoppers spend big this holiday season? Tech executives and analysts are oddly unsure headed into Black Friday

Buyers will get access to deep discounts this year, but inflation and other headwinds are weighing on purchasing power.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Target Stock: Why the Market Is Getting the Retailer Really Wrong

The chain's stock has plummeted which creates a buying opportunity. Here's why that's a good idea.

The Street

Target CEO Sees End to One Problem, Keeps Practice Customers Hate

The retail chain has done something many customers don't like (and it does not appear to be changing that policy).

The Street

PepsiCo Foods CEO believes ‘your attitude will determine your altitude’

If you want to see Steven Williams’ eyes light up, mention Nacho Cheese Doritos.

Tribune News Service

Target Makes a Change That Should Make Investors, Customers Happy

The retailer has been struggling in the short-term, so it's making a move to ensure its long-term success.

The Street

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Target CEO Cornell will stay past 65, logistics chief exits

Target Corp.'s chief executive, Brian Cornell, will stay with the company at least three more years, a step necessitating a change in its retirement rules, the company said Wednesday.

Tribune News Service

Target Stock Slides As Discounts Clip Margins, Sharply Trim Q2 Earnings

"While these inventory actions put significant pressure on our near-term profitability, we're confident this was the right long-term decision," said CEO Brian Cornell.

The Street

Why Amazon Failed Where Target Succeeded (and Why Kohl's May Help)

Two retail giants leaned into the same strategy: Target was a big winner while Amazon failed. But the online-retail giant might have a way to fix that.

The Street

Target Makes a Bold Move Ahead of Amazon Prime Day

The retailer has gone through some supply chain and pandemic-related inventory problems and some of its customers may benefit.

The Street

Joe Biden Calls Chevron CEO 'Sensitive,' Invites Target Chief's Ire Amid Gas Price Debate

Joe Biden's spat with American corporate executives intensified this week as he traded barbs with the CEO of Chevron Corp (NASDAQ: CVX), while Target Corp's (NYSE: T

Benzinga

Biden, Chevron chief trade sharp words over gas prices

In a pointed back and forth, the head of Chevron has complained that President Joe Biden has vilified energy firms at a time when gasoline prices are at near record levels and the president responded that the oil company CEO was being “mildly sensitive.”

The Independent UK

Target Stock Tumbles On Plans To Cut Prices, Shift Excess Inventory As Inflation Bites Spending

"We're confident this rapid response will pay off for our business and our shareholders over time, resulting in improved profitability in the second half of the year and beyond," said Target CEO Brian Cornell.

The Street

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The Street

Cathie Wood: Here's the Biggest Problem Facing Target and Walmart

Ark Investing's Cathie Wood thinks both chains have a problem which could be good for consumers, but maybe not investors at least in the short-term.

The Street

Buy Target Stock Now (and Ignore the Short-Term Reaction)

Target has reported some short-term problems that have caused its share price to fall.

Tribune News Service

After prospering in the pandemic, Target is now a symbol of inflation's impact

Target Corp., whose growth in the pandemic pushed its stock to record heights, on Wednesday became a symbol of inflation's toll on the American economy.

Tribune News Service

Inflation crushes Target's profit, shares plunge 25%

Inflation smacked Target Corp. over the past three months, leading to a profit drop that surprised investors and triggered a huge selloff of its stock.

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news in one place.

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Benzinga

Target Shares Plunge On Q1 Bottom-Line Miss, Margin Pressure

Target Corp (NYSE:TGT) reported first-quarter FY22 sales growth of 4% year-on-year to $25.17 billion, beating the consensus of $24.37 billion. Comparable sales grew 3.3%. Comparable store sales increased 3.4%, and comparable digital sales rose 3.2%. Sales by stores constituted 81.8% of total sales, while digital channel sales represented 18.2%. Gross margin for the…

The Street

Expect a More Personalized Target Experience Very Soon

More premier beauty in-store is coming too.

The Street

Walmart Has Its Answer for Target's Chip and Joanna Gaines Deal

Walmart has some new merchandise that may not please Target.

The Street

Inflation and Higher Prices: Walmart, Target and Amazon Plan Fight Back

Rising inflation is likely to trigger price wars among retail's top three.

The Street

Target Joins Walmart and Amazon in Retail's Big 3

Target's resurrection under Chairman and CEO Brian Cornell has reached an inflection point as the retail giant reported sales in excess of $100 billion.

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