Former Target Vice Chairman Gerald Storch on Thursday warned that holiday spending will likely disappoint this year as inflation-battered consumers run low on savings and scrimp on spending due to geopolitical uncertainties. “It’s very clear that consumers are running out of money,” Storch, also the former CEO of Toys R Us in the 2000s and … Read more
![Target Launches ‘Wicked’ Clothes By Movie’s Costume Designer Paul Tazewell [INTERVIEW]](https://wwd.com/wp-content/uploads/2024/09/Target-8.15.24_Shot-1B_0230_MXW_V2_1x1.jpg?crop=0px%2C106px%2C2170px%2C1215px&resize=1000%2C563 "Target Launches ‘Wicked’ Clothes By Movie’s Costume Designer Paul Tazewell [INTERVIEW]")
Leading up to the big screen release of “Wicked” on Nov. 22, an exclusive collection by Paul Tazewell, the film’s costume designer, will land at target.com at 7 a.m. ET Thursday and Target stores on Sunday. The 30-piece clothing line for adults and kids was designed by Tazewell, who received an Academy Award nomination for … Read more
With the East and Gulf Coasts port strike continuing, U.S. retailers are getting increasingly anxious about their holiday season. They already had low expectations for sales gains in the 2 to 3 percent range, but now with container ports shut down from Maine to Texas, there’s a growing undercurrent of concern, in particular about the … Read more
Target has recently modified one of its most recognisable policies due to years of customer misuse. Target’s renowned return policy has finally been adjusted after years of retailers reporting customers returning items that were heavily used or stolen. In recent weeks, Target has quietly updated its return policy on its website, signalling its intention to … Read more
Target said on Monday it would employ about 100,000 seasonal workers, in line with the last three years of holiday hiring, as the retailer gears up for the all-important shopping period. Holiday retail sales are expected to grow at their slowest pace in six years, according to data from Deloitte, as persistent inflationary pressures have … Read more
A macaroni and cheese brand sold in mega-chains including Target, Safeway, and Stop & Shop was voluntarily recalled over concerns that the products may have spoiled due to refrigeration problems, according to a report. Reser’s Fine Foods recalled two of its macaroni & cheese products last week – the standard and the white cheddar version, … Read more
Target’s earnings are booming, driven by a surprising trend: the soaring popularity of adult toys and skincare products among Gen Z shoppers. This shift highlights how the retailer’s fresh focus on younger consumers is paying off. In August, Target reported a 3% jump in sales for its latest fiscal quarter, pushing shares up by about … Read more
When it comes to consumer demographics, retailers are constantly looking for ways to segment their shoppers and expand into other target cohorts. A new study by Coresight Research gives insight into who are the 2024 shoppers in the apparel and accessories, , and beauty sector — which is characterized by age and household income. … Read more
Target’s sales and customer traffic bounced back this week after it closed crime-afflicted stores – suggesting more retailers may begin shuttering locations over shoplifting, sources told The Post. The “cheap chic” discounter posted earnings and revenue that beat Wall Street’s forecasts on Wednesday as markdowns lured inflation-weary shoppers. But Target COO Michael Fiddelke also cited … Read more
Candy sold at Walmart, Target, Dollar General and other stores across the US has been recalled due to the risk of salmonella poisoning. “Palmer Candy Company, Sioux City, Iowa, is recalling its ‘White Coated Confectionery Items,’ because they have the potential to be contaminated with Salmonella, an organism that can cause serious and sometimes fatal infections … Read more
