Target: Unprecedented results on Target.com and a strong turnout in stores on Thanksgiving Day

Record setting online sales and strong in-store traffic mark start of Target’s holiday season

MINNEAPOLIS, 2015-11-27 — /EPR Retail News/ — Target Corporation (NYSE: TGT) today reported a successful start to its Black Friday weekend, with unprecedented results on Target.com and a strong turnout in stores on Thanksgiving Day.

“Target got a head start going into Black Friday with the record-breaking launch of Adele’s new album and our ‘10 Days of Deals’ promotion. The momentum continued with our Black Friday presale, and on Thanksgiving, we saw millions of shoppers take advantage of great offers online and in our stores. Overall, the response from our guests has been very positive, with some of the best days we’ve seen on Target.com,” said Brian Cornell, Chairman of the Board and CEO Target, who greeted holiday shoppers at the Jersey City Target Store in New Jersey on Thanksgiving. “We expect to see the demand continue throughout the weekend and into December as we offer more savings on the year’s most popular gifts, including Star Wars and Apple products.”

“10 Days of Deals” and Black Friday Pre-Sale

Target’s “10 Days of Deals” began Sunday, Nov. 22, giving guests daily offers, including 10 percent off electronics and 20 percent off kitchenware. As part of the promotion, Target brought back the Black Friday pre-sale on Wednesday, Nov. 25. Sales were strong with the most popular items being Apple Watch and Apple iPads, Beats Solo 2 headphones, FitBit Charge HR and the Philips Sonicare 2 electric toothbrush.

Thanksgiving Day Access to Black Friday Sale

Guests were granted early access to nearly all of Target’s doorbusters on Target.com beginning Thanksgiving morning. Demand outpaced 2014’s record Thanksgiving performance, making it Target’s biggest day for online sales yet, driven largely by electronics.

Guests also continued to use the Order Pickup option at Target.com. Before 6 p.m. on Thanksgiving, the number of orders placed for in-store pick up increased by 35 percent as compared to 2014.

Top selling Black Friday items:

  • Apple iPads were top sellers in stores and online. On average, Target sold an iPad every second throughout the day on Thanksgiving. Apple Watch was especially popular in stores.
  • Gaming consoles were popular in stores and online, including Nintendo Wii U, which was the top selling item on Target.com.
  • TVs were one of most sought after items in stores— the 55” Westinghouse at $249.99 was Target’s top selling TV.
  • Movies were a big hit in stores with guests buying more than 3 million on Thanksgiving.
  • A three-foot stuffed teddy bear, priced at $10, was a surprise hit, with some stores selling out in minutes.
  • Top toys included LEGO, Barbie, Disney Princess and Star Wars. Target exclusives generated nearly one-third of Star Wars toy sales for the day.
  • Beats Solo 2 headphones were one of the top sellers on Target.com and in stores at $96.99 (reg. $199.99).

The Savings Continue—Spend $75, Get 20 Percent Off

Target’s “10 Days of Deals” continues through Tuesday, Dec. 1. Today, guests who spend $75 or more receive a 20 percent discount to use toward a future purchase on any day between Dec. 4 and Dec. 13. Additional offers include:

  • Saturday, Nov. 28: $50 off holiday shop purchase of $100 more
  • Sunday, Nov. 29: Buy two, get one free action figures and fashion dolls
  • Monday, Nov. 30: 15 percent off Target.com
  • Tuesday, Dec. 1: 25 percent off all beauty

As always, guests can use their REDcard for an additional five percent off on top of other discounts. Online shoppers can continue to take advantage of free shipping on Target.com through Dec. 25. And the 21 million savvy deal seekers who use Cartwheel will continue to find thousands of offers throughout the holiday season.

 

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,805 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, which today equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.

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Note: Target welcomes media to its stores. To contact your local store about shooting b-roll or photos or to request a local interview during the holiday season, please visit “Find a Store” at Target.com and contact the Leader on Duty.

Follow @TargetNews on Twitter for real-time news and trends on holiday at Target.

For more information and assets, visit Target.com/Pressroom.

media hotline
We strive to return all of our media inquiries within one business day.
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SOURCE: Target Brands, Inc.

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Target: Unprecedented results on Target.com and a strong turnout in stores on Thanksgiving Day

Target: Unprecedented results on Target.com and a strong turnout in stores on Thanksgiving Day

15 percent off Target.com sitewide on Cyber Monday, Nov. 30

Target.com will be 15 percent off sitewide on Cyber Monday; Plus deeper discounts on top holiday items throughout Cyber Week

MINNEAPOLIS, 2015-11-24 — /EPR Retail News/ — Target Corporation (NYSE: TGT) today announced its strongest Cyber Week offers ever, including 15 percent off Target.com sitewide on Cyber Monday (Nov. 30).  The sitewide offer marks the first time Target has discounted virtually everything on Target.com.  In addition, Target will offer a host of e-doorbusters on Cyber Monday, as well as steep discounts within key departments like apparel and toys, all Cyber Week long.

“We’re making Target.com a not-to-be-missed destination for deal-seekers on Cyber Monday and throughout Cyber Week,” said Jason Goldberger, president of Target.com and  Mobile.  “We’re confident holiday shoppers who are looking to quickly and conveniently check items off their lists won’t want to miss Target’s deep discounts as well as free shipping and returns on Target.com.”

On Cyber Monday, in addition to the 15 percent off sitewide offer with promo code CYBER15, holiday shoppers will have access to nearly 75 e-doorbusters. Almost three quarters of those items will be more than 50 percent off for one day only. The offerings include:

Beginning Sunday, Nov. 29, guests can visit Target.com/WeeklyAd to view a selection of week-long Cyber Week deals, available at Target.com.  Guests will find department-wide promotions in areas including toys and baby, in addition to discounts on top gifting items across electronics, home, apparel and more. Top deals include:

  • 30 percent off apparel, shoes and accessories for women, men and kids
  • 30 percent off hundreds of specialty and plush toys
  • 48” Samsung 4K Ultra HD TV, $599.99 –Save $300 plus a free $100 Target GiftCard
  • 50 percent off select KitchenAid Professional 5-Qt. Stand Mixers, plus 20 percent off all other KitchenAid appliances
  • 30 percent off Dyson Ball Compact Allergy Vacuum, plus 25 percent off all other Dyson vacuums
  • Spend $250 on a baby department purchase and get a free $50 Target GiftCard
  • Stack Your Savings: On Cyber Monday, guests can apply the 15 percent discount with the CYBER15 promo stacked on top of other week-long promotions such as the 30 percent off apparel, accessories and shoes offer
  • More Stacking: As part of Target’s “10 Days of Deals,” which is now underway, guests who spend $75 or more at a Target store on Black Friday, Nov. 27, will receive a 20 percent discount on an entire purchase Dec. 4-13. That 20 percent discount can be stacked with Cyber Week deals on Friday, Dec. 4 or Saturday, Dec. 5

For additional information, visit A Bullseye View to read Jason Goldberger’s point of view on why events like Cyber Week and Black Friday matter even more to today’s always-on shoppers.

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,805 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, which today equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.

media contact

Eddie Baeb
p: 612-761-9658

SOURCE: Target Brands, Inc.

Sonia Kashuk’s 2nd capsule collection of luxe, limited-edition cosmetics inspired from the markets in Istanbul available August 2015 at Target® and Target.com

Minneapolis, 2015-8-26— /EPR Retail News/ — Fall 2015 is all about wearable color. Drawing inspiration from the markets in Istanbul, Sonia Kashuk designed a line of seasonal shades to create her second capsule collection of luxe, limited-edition cosmetics. The formulas are packaged in burgundy plaid – a staple of the season – reimagined in a modern, graphic print. Available August 2015 at Target® and Target.com.

Grand Bazaar Color Palette – Inspired by the rich colors and textures at the famous bazaars, Sonia created this classic palette with warm, earthy pinks for eyes and cheeks. The matte pale pink and deep rose blush shades deliver a natural-looking flush to cheeks, while the quad of soft, blendable eye shadows in universally flattering shades give you the flexibility to create beautiful color combinations for day or night. Includes, a pearly white, muted pink, subtle shimmery auburn and deep plum shadows to highlight and define eyes. Now available in Spice Market.
Price: $19.99

Grand Bazaar Illuminating Loose Powder – Impart a candlelit glow with Sonia’s new high- performance illuminating loose powder, which naturally catches the light for a luxe, radiant finish. The silky, ultra lightweight formula instantly brightens and evens the complexion. Now available in Exotic Crystal, a soft, rose gold pink.
Price: $12.99

Grand Bazaar Matte Lipstick – Create a polished lip look for fall with sophisticated shades of velvety matte color. The creamy formula applies smoothly and moisturizes lips with wild mango butter. The two new shades include: Crushed Berry, a rich bordeaux and Crushed Petal, a pinky mauve.
Price: $11.99 (each)

Grand Bazaar Liquid Lip – Treat lips to this highly-pigmented, long-wearing liquid lip color in classic wine-colored hues. Created with a blend of oils, the creamy formula leaves lips with a balm-like softness and delivers vibrant color payoff with a glossy finish. The two new shades include: Blush Wine, a soft, pinky violet and Vintage Wine, a full-bodied burgundy.
Price: $11.99 (each)

Grand Bazaar Nail Colour – Lacquer your nails in the season’s must-have hue with Sonia’s signature Nail Colour. The long-wearing 3-free formula glides on easily and delivers a chip- resistant, ultra-sheen finish. Now available in Spice it Up, a cinnamon marsala.
Price: $4.59

Grand Bazaar Hidden Treasure Chubby Brush Set – This is it, true beauty on the go! The 5- piece set with full sized heads works perfectly with the Grand Baazar Color Palette, which both slip into the carrying case for touch-ups anytime, anywhere. This set includes a powder brush, small eye shadow brush, concealer brush, crease brush and smudge brush.
Price: $19.99

Grand Bazaar The Sultan Kabuki Brush –The dome-shaped brush with plush bristles will evenly distribute a translucent layer of powder or bronzer for an airbrushed look. Perfectly pairs with the Grand Baazar Illuminating Loose Powder for a flawless application.
Price: $12.99

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We strive to return all of our media inquiries within one business day.

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Sonia Kashuk Fall 2015 Skincare Collection will be available August 2015 at Target® and Target.com

Minneapolis, 2015-8-26— /EPR Retail News/ — Known as the pioneer of bringing luxury the masses, Sonia Kashuk continues her focus on design, performance, and quality with a new skincare collection. Exquisitely designed packaging and beautiful textures with outstanding performance transforms the art of makeup removal into an indulgent ritual. The edited range highlights the cornerstone of a good skincare routine with luxurious cleansers, an exfoliating toner and detoxifying mask, each formulated with innovative ingredients to deliver effective results, at a surprisingly affordable price. Available August 2015 at Target® and Target.com.

NEW Resurface Gentle Exfoliating Wash – This creamy, paraben and sulfate-free scrub cleanses and exfoliates in one simple step to reveal fresh, even-toned skin. Micronized, hard- shelled algae gently polishes away dead skin cells and a regenerating botanical complex stimulates cell renewal. Hydrating grape seed and sunflower seed oils, soothing aloe vera and pro-vitamin B5 condition the skin for a healthy glow.
Price: $14.99

NEW Renew Micro Exfoliating Toner – This light, refreshing toner provides gentle exfoliation for a radiant looking complexion. Willow bark extract works to exfoliate, aloe vera and pro- vitamin B5 soothes the skin and sodium hyaluronate locks in moisture. The paraben and alcohol- free formula doesn’t strip the skin and contains Vitamin C and resveratrol to help protect against future damage. Price: $14.99

NEW Detox Purifying Black Mask – This clay-based mask contains kaolin to absorb oil and impurities from skin. With superb anti-aging qualities, the mask features a combination of effective alpha-hydroxy acids – glycolic acid to slough off dead skin cells, lactic acid to stimulate cell growth, mandelic acid for anti-bacterial properties and salicylic acid to smooth texture. White tea provides antioxidant protection and aloe vera, calendula flower and chamomile extracts soothe and moisturize. Eucalyptus and peppermint essential oils have astringent properties to tone the skin, while cucumber and licorice extracts brighten for a more unified complexion. Price: $15.99

NEW Dissolve Gel to Oil Makeup Removing Cleanser – The ground-breaking formula applies to skin as a gel and transforms into a weightless oil to melt away makeup, debris and impurities. Skin is left clean without being stripped of its natural oils and radiance. Vegetable glycerin and coconut oil naturally cleanse the skin, while camellia oil purifies. Abyssinica seed oil nourishes and protects against moisture loss. The paraben-free formula is suitable for all skin types. Price: $14.99 (Launching in November 2015)

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We strive to return all of our media inquiries within one business day.

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Sonia Kashuk Fall 2015 Collection at Target® and Target.com from August 2015

Minneapolis, 2015-8-26— /EPR Retail News/ — Available August 2015 at Target® and Target.com.

NEW Chic Defining Lightening Stick – The perfect complement to the best-selling Chic Defining Contour Stick, this creamy formula glides on to mimic natural light reflections for a lifting effect. The soft-textured stick contains African Walnut Seed Oil and Pistachio Butter – both rich in fatty acids and antioxidants – for coverage that melts into skin, sculpting features for a flawless face.
Price: $10.99

NEW Undercover Liquid Concealer – This anti-aging liquid concealer creates the look of lifted, luminous and smooth skin. The soft and creamy formula is packed with power actives including Vitis Vita for triple anti-aging benefits – hydration, protection and detoxification. The anti-fatigue, anti-puffiness complex revives eyes and the rounded sponge applicator provides a fool-proof application. Available in two shades: Light & Medium.
Price: $9.99 each

NEW The Brow Kit – Groom brows for the most face flattering arch with these must-have tools. Includes tweezers and small scissors for shaping, a double-ended spoolie and brush for grooming and a universal pommade to deliver bold definition by filling in sparseness and holding strays in place.
Price: $19.99

NEW Longwear Eye Definer – Create sultry, defined eyes with this buildable, creamy and highly-pigmented liner. Available in four shades, the long-wearing formula is perfect for creating on-trend eye looks in fall’s most-wanted hues. Available in seven shades: Black Onyx, Black Diamond, Dark Chocolate, Dark Purple, Burnished, Olive and Slate.
Price: $7.99 each

SHADE ADDITIONS

Eyeshadow Quad – These earthy shades are an ethereal combination. The satin-finish formula feels creamy upon application and fuses to skin for maximum coverage and wear. Mother Nature features wearable, shimmery neutrals paired with a lush green and sophisticated violet-grey shade.
Price: $13.69

Nail Colour –Sonia’s signature 3-free formula delivers creamy, long-lasting color with a high- shine, chip-resistant finish. Available in two new shades: Peace & Love, a deep violet, and Dyno-Mite, a burnt orange and cult favorites: Starlet Scarlet, a true red, Wicked Attraction, a rich oxblood and Tumultuous Teal, a deep blue-green.
Price: $4.79 each

NEW Lip Definer – An innovative new formulation of Sonia’s best-selling liner. The formula glides on to easily contour lips with rich color in a smooth finish. Available in the existing nine shades: Hibiscus, Maple, Natural, Nude, Petal, Pink Whisper, Plum, Rosewood and True Red.
Price: $5.99 each

NEW Undetectable Loose Powder – Brighten and smooth imperfections. This high performance setting powder absorbs excess oil and diffuses light to soften fine lines and imperfections for an airbrushed appearance. Available in two shades: Light and Medium.
Price: $9.99 each

NEW Undetectable Pressed Powder – Set makeup for long-lasting results. The weightless and microfine-pressed powder seals makeup for enhanced wear and refines the complexion to leave skin looking even and smooth. Available in two shades: Light and Medium.
Price: $9.99 each

UPDATED Kashuk Tools – Kashuk Tools are getting sleeker. A touch of gold elevates the high quality and iconic brush line. The Kashuk Tools line includes:

Precision Pencision Pencil Brush No. 31 – $9.99

Synthetic Concealer Brush No. 32 – $10.99

Contour Brush Brush No. 30 – $15.79

Domed Blusher Brush No. 29 – $17.99

Medium Eye Shadow Brush No. 28 – $10.99

Synthetic Angled Eye Liner Brush No. 27 – $9.99

Angled Crease Brush No. 26 – $10.99

Dense Blush/ Powder Brush No. 24 – $17.99

Large Domed Eye Shadow Brush No. 20 – $12.99

Medium Multipurpose Powder Brush No. 17 – $17.99

Synthetic Domed Multipupose Brush No. 16 – $18.99

Small Kabuki Brush No. 15 – $17.99

Brow Groomer with Metal Comb No. 14 – $8.99

Synthetic Crease Shadow Brush No. 08 – $10.99

Small Eye Shadow Brush No. 07 – $9.99

Blusher Brush No. 02 – $17.99

Synthetic Foundation Brush No. 05 – $14.99

Synthetic Flat Top Multipurpose Brush No. 04 – $15.99

Large Powder Brush No. 01 – $19.99

media hotline

We strive to return all of our media inquiries within one business day.

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Target Provides Update on Data Breach and Financial Performance

Company extends credit monitoring and identity theft protection to all guests

Minneapolis, MN, US,  2014-1-13 — /EPR Retail News/ — Target today announced updates on its continuing investigation into the recent data breach and its expected fourth quarter financial performance. As part of Target’s ongoing forensic investigation, it has been determined that certain guest information — separate from the payment card data previously disclosed — was taken during the data breach.

This theft is not a new breach, but was uncovered as part of the ongoing investigation. At this time, the investigation has determined that the stolen information includes names, mailing addresses, phone numbers or email addresses for up to 70 million individuals.

Much of this data is partial in nature, but in cases where Target has an email address, the Company will attempt to contact affected guests.  This communication will be informational, including tips to guard against consumer scams. Target will not ask those guests to provide any personal information as part of that communication. In addition, guests can find the tips on our website.

“I know that it is frustrating for our guests to learn that this information was taken and we are truly sorry they are having to endure this,” said Gregg Steinhafel, chairman, president and chief executive officer, Target. “I also want our guests to know that understanding and sharing the facts related to this incident is important to me and the entire Target team.”

Guests will have zero liability for the cost of any fraudulent charges arising from the breach. To provide further peace of mind, Target is offering one year of free credit monitoring and identity theft protection to all guests who shopped our U.S. stores. Guests will have three months to enroll in the program. Additional details will be shared next week. To learn more, please go to target.com/databreach.

Update on Fourth Quarter Outlook

The Company also provided an update to its expected fourth quarter 2013 financial results. In its U.S. Segment, Target now expects fourth quarter 2013 adjusted EPS of $1.20 to $1.30, compared with prior guidance of $1.50 to $1.60. This outlook anticipates a fourth quarter 2013 comparable sales decline of approximately (2.5)%, compared with prior guidance of approximately flat comparable sales. The updated sales expectation reflects:

  • Stronger-than-expected fourth quarter sales prior to the Company’s December 19, 2013, announcement of a payment card data breach;
  • Meaningfully weaker-than-expected sales since the announcement, which have shown improvement in the last several days, and;
  • A comparable sales decline of (2)% to (6)% for the remainder of the quarter.

Prior to the announcement of the payment card data breach, fourth quarter REDcard penetration was in line with year-to-date trends. Since the announcement, penetration growth has moderated but remains hundreds of basis points stronger than a year ago.

The Company is not able to provide an update to its expected fourth quarter 2013 GAAP EPS, however, GAAP results are expected to include:

  • (5) to (10) cents of dilution related to store closings (detail below), real estate impairments, and similar discrete events;
  • approximately (45) cents of dilution related to the Company’s Canadian Segment, compared with prior guidance of (22) to (32) cents, driven by the gross margin impact of continued efforts to clear excess inventory, and;
  • net dilution of (1) cent due to the expected reduction in the beneficial interest asset related to the sale of our credit card portfolio, partially offset by the resolution of income tax matters.

In addition, fourth quarter 2013 GAAP EPS may include charges related to the data breach. At this time, the Company is not able to estimate the costs, or a range of costs, related to the data breach. Costs may include liabilities to payment card networks for reimbursements of credit card fraud and card reissuance costs, liabilities related to REDcard fraud and card re-issuance, liabilities from civil litigation, governmental investigations and enforcement proceedings, expenses for legal, investigative and consulting fees, and incremental expenses and capital investments for remediation activities. These costs may have a material adverse effect on Target’s results of operations in fourth quarter 2013 and/or future periods.

“In light of the recent data breach, our top priority is taking care of our guests and helping them feel confident in shopping at Target,” said John Mulligan, EVP & CFO. “At the same time, we remain keenly focused on driving profitable top-line growth and investing our resources to deliver superior financial results over time. While we are disappointed in our 2013 performance, we continue to manage our business with great discipline and leverage our expense optimization efforts to reinvest in multichannel initiatives that generate long-term value for our shareholders.”

Store Closings

After careful consideration of each location’s financial performance, Target also announced today that it plans to close eight U.S. stores on May 3, 2014.

The stores affected by this announcement are located in: West Dundee, Ill.; Las Vegas, Nev.; North Las Vegas, Nev.; Duluth, GA; Memphis, Tenn.; Orange Park, Fla.; Middletown, Ohio; and Trotwood, Ohio. Eligible team members at these stores will be offered an opportunity to transfer to a similar position at a nearby Target location.

Miscellaneous

Statements in this release regarding fourth quarter 2013 sales and adjusted earnings guidance, the expected dilution related to store closings, real estate impairments and similar discrete events, the expected dilution related to the Company’s Canadian Segment, and the impact of the data breach on the Company’s results of operations are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements speak only as of the date they are made and are subject to risks and uncertainties which could cause the Company’s actual results to differ materially. The most important risks and uncertainties include: (i) loss of guest confidence in the Company’s ability to protect their information because of the data breach, and the adverse impact such loss of confidence may have on sales, (ii) the outcome of our pending and ongoing investigation, including our discovery of additional information relating to the data breach and our guests’ and other stakeholders’ reactions to that additional information, (iii) costs related to our investigation and resulting liabilities, and (iv) the risks described in Item 1A of the Company’s Form 10-K for the fiscal year ended February 2, 2013.

The adjusted diluted earnings per share expectation for fourth quarter 2013 excludes the dilution related to store closings, real estate impairments and similar discrete events, dilution related to the Company’s Canadian segment, the expected reduction in the beneficial interest asset, the resolution of income tax matters, and any charges related to the data breach. This measure is not in accordance with, or an alternative for, generally accepted accounting principles in the United States. The most comparable GAAP measure is diluted earnings per share. Management believes adjusted EPS is useful in providing period-to-period comparisons of the results of the Company’s U.S. operations. Adjusted EPS should not be considered in isolation or as a substitution for analysis of the Company’s results as reported under GAAP. Other companies may calculate adjusted EPS differently than the Company does, limiting the usefulness of the measure for comparisons with other companies.

About Target

Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,921 stores — 1,797 in the United States and 124 in Canada — and at Target.com. Since 1946, Target has given 5 percent of its profit through community grants and programs; today, that giving equals more than $4 million a week. For more information about Target’s commitment to corporate responsibility, visit Target.com/corporateresponsibility.

For more information, visit Target.com/Pressroom.

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media hotline
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Target - logo

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