Target to open seven new stores this fall
New stores opening on Oct. 12 and 19 will feature shop-in-shops with Apple, CVS, Disney, Starbucks, Target Optical, and expanded fresh food sections.
New stores opening on Oct. 12 and 19 will feature shop-in-shops with Apple, CVS, Disney, Starbucks, Target Optical, and expanded fresh food sections.
The choice of Target veteran Michael Fiddelke disappointed Wall Street, as some investors favored an outside candidate for new perspectives.
Shares dropped despite strong profits, as investors reacted to weak traffic and CEO Brian Cornell's plan to step down for executive Michael Fiddelke.
Cornell to serve as executive chair of Target's board of directors.
The move comes as Target faces softer demand, with shoppers reducing their discretionary spending.
The assortment spans décor, costumes, candy and party supplies, available now on Target.com and in stores beginning September.
The openings are part of Target’s plan to add 300 stores nationwide over the next decade.
“Getting ready for a new school year should be an exciting time for families.”
The new locations, opening in July and August, reflect Target’s focus on both large-format stores and localized customer convenience.
Target’s trademark activity underscores the retailer’s strategic investment in owned brands.
The company is actively testing the tool now.
The July event features some of Target's best deals of the season.
“Our team members across the country are inspired by the determination and spirit of these athletes."
Retailer brings back $20 supply list and $5 backpacks, expands discounts and brand partnerships to court students and families.
“The Enterprise Acceleration Office represents a strategic commitment to operating more nimbly across the organization,” said Target CEO.
Despite disappointing results, Target saw bright spots in groceries, seasonal events, and fashion.