Target News Updates

Faced with high prices, dwindling savings and slowing wage growth, Americans are searching for deals and unique merchandise while shying away from big purchases. 

Target is emerging from more than a year of weak comparable sales. A 5.6% jump in the first quarter offset a 3.8% decline in 2025.

Target is expanding the size of the grocery section by more than 20% in nearly 150 remodeled stores and more than 50% in 300 new locations, carving out additional space for fresh produce and trendy items.

Target is reorganizing its strategy team in the latest move to simplify the company’s structure and improve efficiency under new CEO Michael Fiddelke.

Total spending for the period was up 9.3% from last year’s Prime Day sale, held in July, according to Adobe, which tracks visits to retail websites.

U.S. consumers will spend $26.3 billion online at Amazon and other retailers during the four-day sale, up 9% from last year’s event in July, according to Adobe.

New CEO Michael Fiddelke said he remained guardedly optimistic given where the company is in its operational overhaul.

Target is requiring that some remote workers relocate to the retailer’s headquarters in what is the company’s largest return-to-office mandate in recent months.

Investigators tracking a stolen cargo trailer with Target merchandise in Illinois discovered a Chicago-area warehouse with $3 million in looted goods.

Target's new CEO is setting big expectations for Wall Street and pledging a return to growth powered by trendy new food products, in-store beauty services and other changes.