TARGET

The retailer reported net earnings of $183 million in the second quarter of fiscal 2022, down a whopping 90% from $1.82 billion in the same quarter a year earlier.

The report takes an in-depth look at the progress made toward the Target Forward sustainability strategy, as well as cybersecurity and governance.

Target is adding three new sites in the next year — two in greater Chicago and one in the Denver metro area, according to a post on the retailer's website. 

New this year, the retailer will increase its Target Circle offerings for college students and extend its popular Teacher Prep event.

The discounter has completed its 1,000th store remodel, featuring its latest in-store design.

Taking place July 11 to 13, Target Deal Days will feature savings on food and beverage, electronics, beauty, home, apparel, and toys.

Casa Cantina premixed cocktails include classic margarita, strawberry margarita and piña colada.

Target is planning several actions in the second quarter, including additional markdowns, removing excess inventory and canceling orders.

Goatote's reusable bag kiosks are available in stores across New Jersey’s Jersey City, Howell Township, Watchung, North Plainfield, Wall Township and Marlton areas.

Target had lower-than-expected sales in discretionary categories, as well as costs related to freight, supply chain disruptions, and increased compensation and headcount in its distribution centers.

The retailer announced several new appointments, including a new role focused on further differentiating its end-to-end guest experience.

Retailers are seeking effective ways to grab shoppers’ attention, particularly in impulse-driven segments such as candy, snacks, single-serve beverages, magazines, new products and seasonal goods.