Target Corporation

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Target driving transparency with first chemical goals Beth Wright | 26 Jan 17

US department store retailer Target Corp is stepping up its commitment to responsible sourcing with a pledge it says will be one of the "most comprehensive in the US retail industry", designed to drive transparency, proactive chemical management and innovation across all of its owned and national brand consumer products, and operations.

Target lowers Q4 guidance amid soft holiday sales Beth Wright | 19 Jan 17

US retail group Target guidance has lowered its guidance for the fourth quarter, after booking a softer-than-expected sales performance during the holiday season.

Target strategy head Ghani steps down Beth Wright | 16 Jan 17

US department store retailer Target Corp has confirmed to just-style its senior vice president of enterprise strategy and innovation, Jamil Ghani, is leaving the company, but has remained tight-lipped over reports he is joining online giant Amazon.

US Q3 in brief – The Finish Line, Destination Maternity, Cherokee, Sears Michelle Russell and Beth Wright | 9 Dec 16

In the most recent third-quarter filings from US apparel and footwear brands and retailers, Sears Holdings remained optimistic despite widening its net losses, while Vince Holding blamed challenging conditions and warm weather for a fall in both earnings and sales. Abercrombie & Fitch, meanwhile, revealed a "disastrous" quarter as sales fell and earnings plummeted 80%, while American Eagle Outfitters booked record sales and its 9th consecutive quarter of profit improvement.

Fashion firms failing to address deforestation risk Michelle Russell | 6 Dec 16

Leading international businesses – including apparel and textile companies – are ill-prepared for the risk that comes from sourcing products linked to deforestation, a major cause of climate change, a new report claims. 

Target eyeing hundreds of flex-format stores Beth Wright | 22 Nov 16

US department store retailer Target Corp says it is increasingly confident it will be able to profitably operate hundreds of smaller flexible-format stores in the future, which offer apparel products selected for local markets.

Target sets out new sustainable sourcing goals Beth Wright | 15 Nov 16

US department store retailer Target Corp is stepping up its commitment to responsible sourcing with a pledge to improve worker well-being, achieve net-positive manufacturing, and derive key raw materials from ethical and sustainable sources.

Target strengthens supply chain team Beth Wright | 8 Nov 16

US department store retailer Target Corp is strengthening the team responsible for its supply chain, hiring former Walmart executive, Shekar Natarajan, to fill the newly-created role of senior vice president, network planning and operational design.

Target to host webinar on launching a 3D virtual strategy Beth Wright | 4 Nov 16

US department store retailer Target Corp is teaming up with Product Innovation, host of the PI Apparel (Product Innovation Apparel) events, to hold a webinar on 3D virtual strategies next week.

Managing change in the move to new technology tools Beth Wright | 25 Oct 16

With the road to implementing new technology often a daunting prospect – be it 3D design and virtual prototyping tools or product lifecycle management software – some of the tips for managing the process include clear communication, honest expectations, and good old-fashioned patience.

PVH and Hanesbrands CEOs awarded for CSR work Michelle Russell | 24 Oct 16

Emanuel Chirico, chief executive of PVH Corp, and Richard Noll, chief executive of Hanesbrands, have both been named '2016 Responsible CEO of the Year' – with Chirico also picking up a  Lifetime Achievement award.

Target teams with Victoria Beckham on new line Beth Wright | 21 Oct 16

US department store retailer Target Corp has revealed plans for a limited-edition spring collaboration with Victoria Beckham, which will include the designer's first foray into the kids' product category.

Target chief digital officer leaves after 4 months Beth Wright | 30 Sep 16

After just four months in the role, US retailer Target Corp's recently promoted chief digital officer Jason Goldberger has left the company.

Target confirms flex-format stores a key to growth Beth Wright | 22 Sep 16

US department store retailer Target Corp has confirmed to just-style that it sees smaller "flex-format" stores in its future, offering apparel products selected for local markets.

Target eyeing smaller stores for future growth? Beth Wright | 15 Sep 16

US department store retailer Target Corp could be preparing to open hundreds of smaller "flex-format" stores which would be a "major part" of the company's future growth.

US Q2 in brief - The Finish Line, Cherokee, Zumiez, Vince Holding, Tailored Brands Michelle Russell and Beth Wright | 9 Sep 16

In the most recent second-quarter filings from US apparel and footwear brands and retailers, Tailored Brands showed improvement on Q1 but saw earnings slide, while DSW booked mixed results. Abercrombie & Fitch widened its net losses but remained optimistic, while Destination Maternity revealed improved losses. Express, meanwhile, delivered what it described as a "disappointing" second-quarter, below management expectations, and Macy's saw a "distinct" improvement in its sales and earnings trends for the quarter. 

Target beats nearly half of five-year sustainability goals Beth Wright | 27 Jul 16

US department store retailer Target Corp says it has surpassed almost half of the 20 sustainability goals the company set itself five years ago, including using more than 14.5m recycled plastic bottles to produce fabric for its own-brand jeans.

Target hires Apple exec for global sourcing post Michelle Russell | 21 Jul 16

US department store retailer Target Corp has hired Apple executive Ben Cook as its senior vice president of global logistics, inventory allocation and replenishment.

Pact Organic teams up with Target on Fair Trade basics Leonie Barrie | 15 Jun 16

Apparel maker Pact Organic is to launch the first Fair Trade Certified organic cotton men's undershirts and boxer briefs at 460 Target stores across the US.

Volatile consumer environment weighs on Target Q1 Beth Wright | 19 May 16

US department store retailer Target Corp said its first-quarter results reflect an "increasingly volatile consumer environment" after posting a 5.4% fall in revenue in comparison with last year.

Target taps Nordstrom executive as merchandising chief Beth Wright | 18 May 16

US retailer Target Corp has ended a year-long search by appointing Nordstrom executive Mark Tritton as its new chief merchandising officer, in a role that oversees buying, product design and development, sourcing, visual merchandising strategy, and merchandising operations. 

US Q4 in brief: Cherokee Global Brands, Perry Ellis, Destination Maternity Michelle Russell | 15 Apr 16

In the most recent fourth-quarter filings from US apparel brands and retailers, Destination Maternity and Perry Ellis saw their losses narrow, while New York & Co moved to a net profit. However, Iconix Brand Group cut its outlook after swinging to a loss, Finish Line saw its net profit plummet 90%, and Cherokee Global Brands posted a mixed performance. 

VF and Target tackle sustainability at Vietnam suppliers Katie Smith | 15 Mar 16

US clothing giants VF Corp and Target Corp have joined forces with the International Finance Corporation (IFC) to help improve energy and water efficiency at their textile and apparel supplier factories in Vietnam, with the overall aim of reducing costs and boosting productivity. 

Amazon's Valdez joins Target as supply chain chief Katie Smith | 29 Feb 16

US general merchandise retailer Target Corp has appointed Amazon's Arthur Valdez as executive vice president, chief supply chain and logistics officer. 

Target taps Gap's Wlazlo as new head of apparel Michelle Russell | 19 Jan 16

Target Corp has appointed former Gap executive Michelle Wlazlo as its senior vice president of apparel and accessories as the department store retailer looks to improve its product assortment and customer experience. 

US Q3 in brief: Finish Line, Gymboree, Cherokee Global Brands, Men's Wearhouse Michelle Russell and Katie Smith | 7 Jan 16

In the most recent third-quarter filings from US apparel brands and retailers Gymboree, Aeropostale, Sears and New York & Co narrowed their losses, while Oxford Industries, Destination Maternity and J Crew saw theirs widen. Both The Finish Line and Men's Wearhouse swung to a loss. On a positive note, The Children's Place, Express, American Eagle Outfitters, G-III Apparel Group and Abercrombie & Fitch booked higher earnings. 

2015 – A year in review – Retail winners and losers Lee Adendorff | 15 Dec 15

Online apparel sales, the right product mix at the right price points and a successful stance against counterfeiters helped lift some retailers during 2015, but bankruptcy filings and inventory mis-management weighed on others.

US Q2 in brief: Finish Line, Zumiez, Cherokee, Gymboree Michelle Russell and Beth Wright | 25 Sep 15

Second-quarter earnings for the retail sector as a whole are forecast to be lower than the prior month, despite easy year-on-year comparisons. The Finish Line posted a small drop in net income, Zumiez saw its profit more than halve, Cherokee Global Brands posted a double-digit decline in net earnings, while Christopher & Banks swung to a loss, and Hudson's Bay was back in the black. 

Target promotes CFO to new COO role Katie Smith | 18 Aug 15

General merchandise retailer Target Corp has promoted John Mulligan to the newly created role of executive vice president and COO, overseeing stores, supply chain and properties.

JC Penney taps supply chain and omni-channel chiefs Katie Smith | 4 Aug 15

US department store retailer JC Penney has appointed a new executive vice president of omni-channel and senior vice president of supply chain to help propel its omni-channel growth strategy.








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