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The Latest Breaking News from Target

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…

Benzinga

'We Faced Unexpectedly High Costs': Why Target Shares Are Falling Today

Target Corp (NYSE: TGT) shares are trading significantly lower Wednesday after the company announced worse-than-expected earnings results and reported an unexpected drop in operating income margin rate.

Benzinga

Recap: Target Q1 Earnings

Target (NYSE:TGT) reported its Q1 earnings results on Wednesday, May 18, 2022 at 06:30 AM. Here's what investors need to know about the announcement.

Benzinga

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Virginia Target workers seek to unionize amid surge in labor organizing efforts

Company has already reportedly pushed back by trying to use union dues as a tactic to deter workers from supporting the union

The Guardian - US

As baby formula shortage worsens, families take desperate steps

LOS ANGELES — Like most new moms, 26-year-old Veronica Gutierrez's life revolves around feeding her 3-month-old daughter, Alessandra.

Los Angeles Times

Target Whale Trades For May 16

Someone with a lot of money to spend has taken a bearish stance on Target (NYSE:TGT). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

What 7 Analyst Ratings Have To Say About Target

Over the past 3 months, 7 analysts have published their opinion on Target (NYSE:TGT) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Benzinga

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Market wrap: Federal election and hawkish RBA move expected to dominate markets this week

The month of May has lived up to its reputation as a volatile one for markets. The ASX200 closed the week 1.8 per cent lower at 7075.

The New Daily

Baby formula shortage forces parents to pay $120 for single can as Target, CVS and Walgreens limit sales

CVS and Walgreens are limiting customers to three toddler and infant formulas per purchase as the shortage worsens across the US

The Independent UK

Amid Baby Formula Shortage, Retailers Put Cap On Purchases: Report

The U.S. faced a nationwide shortage of the most popular baby formula brands in the week starting April 24, according to the latest figures from Datasembly, which tracks out-of-stock messages on retailers' websites and apps. An average rate is less than 10%. Reasons For The Shortage: Supply chain issues caused by the COVID-19…

Benzinga

Target Whale Trades For May 10

Someone with a lot of money to spend has taken a bullish stance on Target (NYSE:TGT). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Looking Into Target's Recent Short Interest

Target's (NYSE:TGT) short percent of float has fallen 16.83% since its last report. The company recently reported that it has 11.85 million shares sold short, which is 2.57% of all regular shares that are available for trading.

Benzinga

Baby formula shortage forces parents to pay $120 for single can as Target, CVS and Walgreens limit sales

CVS and Walgreens are limiting customers to three toddler and infant formulas per purchase as the shortage worsens across the US

The Independent UK

What Are Whales Doing With Target

A whale with a lot of money to spend has taken a noticeably bullish stance on Target. Looking at options history for Target (NYSE:TGT) we detected 13 strange trades.

Benzinga

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Tribune News Service

Parmy Olson: Online privacy becomes critical if Roe v. Wade is overturned

About 10 years ago, a story about Target Corp.’s uncanny ability to detect a customer’s pregnancy made waves. An angry man had gone into a Target store in Minneapolis, demanding to speak to a manager and flashing coupons that his teenage daughter had received in the mail for baby clothes…

ABC News

Retail staff wear body cameras to counter abuse, threats from customers

As staff at one retail store in Brisbane start using body cameras in a bid to curb abuse and threats from customers, the National Retail Association calls out rising violence experienced by workers.

Tribune News Service

Commentary: End police violence against Black Americans

On April 4, an unarmed Black man named Patrick Lyoya was killed by police in Grand Rapids, Michigan, after being pulled over for having mismatched license plates; a white officer shot him in the back of his head. On April 17, Syracuse police aggressively detained a Black boy, just 8…

The Philadelphia Inquirer

New Jersey's statewide plastic bag ban goes into effect this week. Are stores and shoppers ready?

Bruce Millington, beer coordinator at the Wegmans liquor store in Cherry Hill, wonders how customers who are unprepared for New Jersey's statewide ban on single use plastic bags will manage while juggling heavy, loose bottles of wine out to their cars.

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Pedestrian.tv

Target US Has Revealed Its Latest Pride Collection And Ofc It’s Giving Token Allyship Street Fashion Realness

US Target has already unveiled at least part of it's Pride Month clothing line in stores.

Benzinga

Here's How Much $1000 Invested In Target 5 Years Ago Would Be Worth Today

Target (NYSE:TGT) has outperformed the market over the past 5 years by 20.92% on an annualized basis producing an average annual return of 32.75%. Currently, Target has a market capitalization of $107.37 billion.

Chicago Tribune

Whole Foods to close 6 stores nationally, including one in a Chicago 'food desert'

CHICAGO — Six years ago Whole Foods Market opened a store with much fanfare in Englewood, a South Side neighborhood that had few other groceries at the time. Lines of customers, many of them clutching Whole Foods tote bags, stretched out the door on opening day. Live music filled the…

Benzinga

What Are Whales Doing With Target

A whale with a lot of money to spend has taken a noticeably bearish stance on Target. Looking at options history for Target (NYSE:TGT) we detected 10 strange trades.

Benzinga

Executives Sell Around $165M Of 5 Stocks

Although US stock futures traded lower this morning on Monday, there were a few notable insider trades.

Salon

The best budget buys at Costco

Yes, rotisserie chicken makes this list — but there's much, much more

Mic

Most big corporations still aren’t paying a $15 minimum wage

That number, by the way, has been the goal for so long it’s not even a livable wage anymore.

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