None of us want to be taken for granted, especially when we are performing our role so outstandingly.
Target retail stores are performing well and their product lines for women continue to inspire.
At target.com they remind us that their offerings for women who embrace life are ever changing and innovative. They smile, “Looking great and feeling your best is easy when you know exactly what to get. With a stylish selection of on-trend women’s clothing, shoes & accessories, we’ve got your next look covered (at prices you’ll love).
First, start with the everyday basics you’ll wear again & again. Great-fitting women’s jeans, women’s cardigans & graphic tees will be your wardrobe faves. TV fan? Our collection of Stranger Things sweaters & clothing are great conversation-starters. Find stylish & comfortable sweater dresses or bomber jackets when you’re heading out with friends. Plus, we’ll keep you up to date on the latest trends, like chic faux fur vests, off-the-shoulder tops & distressed jeans.”
A beautiful woman who designs and builds her sense of style, whether she knows it or not, is starting conversations among onlookers even when she is doing something as simple as walking town a city street.
Or jogging with a stroller.
Target continues, “Find yoga pants & leggings that make it easy to relax—or stay on the move. Don’t forget your first layer. Find the perfect strapless bra, backless bra, bralette, tights or pantyhose to help you rock your look with confidence. Baby on board? Our selection of nursing bras, stylish maternity clothing & maternity swimsuits is a must for new moms.”
In a time when many brick and mortar retailers have greatly struggled, Target is doing just fine.
Recently the National Retail Federation’s staged their Annual Big Show.
It is the world’s largest retail conference, with nearly 40,000 attendees and 700 exhibitors filling the Javitz Center in New York.
We love their perspective. At javitscenter.com they explain, “The Javits Center is more than just a convention center. Named after the legendary and lifelong New Yorker, Senator Jacob K. Javits, this self-sustaining New York icon has become a wildlife sanctuary, a community partner and a nationwide nexus where the latest ideas in business and pop culture converge under one very green roof.
We employ thousands of experienced event and construction professionals dedicated to coordinating and constructing events with major brands from around the world, generating waves of economic activity across the region. And with a historic expansion project underway, we‘re preparing to host an even wider variety of events in the years to come, attracting new generations of visitors to Manhattan’s West Side.”
It amazing how many dynamic events are occurring all around us that we previously have been unaware of but are extremely glad that we have been notified.
As you might imagine, much was presented and discussed there and one of the retailers that the industry should be proud of is Target.
The global financial media giant Forbes Magazine reported, “In 2018, Target posted its best results in more than a decade. Target Corporation chairman and CEO Brian Cornell spoke to a capacity crowd in a wide-ranging talk, where he said that three out of every four digital orders at Target is now fulfilled at a store. He also told the crowd that over the last few years, Target has introduced 20 new brands. Cornell was inspiring and quotable, and the chain is a longtime favorite among women consumers.”
One of his most memorable remarks from his presentation was that there is substitute for the human connection.
Especially when it comes to women.
One of our female friends was a little depressed that Sears was struggling. She loved shopping there and hopes that they in some form survive.
If you love shopping at Target, it appears that you will have fun shopping there deep into the future.
Here is an excerpt of a recent report that speaks to their continued financial growth and an introduction to some of the women in leadership positions who are helping to propel that success.
MINNEAPOLIS, Jan. 10, 2019 /PRNewswire/ —
Target Corporation (NYSE: TGT) today announced that its comparable sales in the combined November/December period grew 5.7 percent, on top of 3.4 percent growth in the same period last year. Results reflected strong traffic, positive store comps and comparable digital sales growth of 29 percent. Target expects that 2018 will be the fifth consecutive year in which its digital sales grow more than 25 percent.
Brian Cornell, chairman and Chief Executive Officer of Target Corporation, said, “We are very pleased with Target’s holiday season performance, which came on top of really strong results in the same period last year. This performance demonstrates the benefit of placing our stores at the center of every way we serve our guests, including both in-store shopping and digital fulfillment.
Given our fourth quarter outlook, we are on track to deliver Target’s strongest full-year comparable sales growth since 2005, market-share gains across all of our core merchandising categories, and double digit growth in Adjusted EPS. In 2019, we expect to build on this momentum as we gain further scale in our fulfillment capabilities and deliver profitable growth throughout the year.”
Fourth Quarter and Full-Year 2018 Guidance
Target continues to expect fourth quarter 2018 comparable sales growth of approximately 5 percent. For the full year, the Company continues to expect Adjusted EPS of $5.30 to $5.50 and GAAP EPS of $5.41 to $5.61. The 11-cent difference between expected full-year Adjusted EPS and GAAP EPS is driven by discrete items already reported through third quarter 2018.
Target Corporation today also announced that Chief Financial Officer Cathy Smith will be retiring from the Company. Smith will continue in her role as Chief Financial Officer until her successor is named, and then move to an advisory role until May 2020 to ensure a smooth transition. Target is conducting a comprehensive internal and external search for its next CFO and a search firm has been retained to assist in the process.
“On behalf of our Board of Directors and Target’s entire team, I want to thank Cathy for her leadership and valuable contributions since joining the Company in 2015. Cathy’s deep expertise and leadership helped usher in strategic change for Target and positioned us for sustainable, long-term growth,” said Cornell. “I appreciate the role Cathy will continue to play as we identify a successor and manage a seamless transition.”
“I’m proud of the team’s accomplishments and all the progress we’ve made. I am excited about what is in store for Target and myself as I plan for retirement, including freeing up more time for my family,” said Smith. “As we look ahead to 2019, Target is in a position of strength and poised to continue building on its momentum.”
In addition, Target is announcing a series of changes to its Leadership Team to accelerate progress and drive efficiencies. All changes are effective immediately.
- Stephanie Lundquist, who has served as Target’s Chief HR Officer since 2016, has been named President of Food and Beverage. In a new role for the Company, Lundquist will oversee the full spectrum of all merchandising and operations for Food and Beverage, including strategy development and implementation. She and the newly integrated team will focus on accelerating progress, strengthening cross-functional alignment and driving operational excellence throughout the enterprise. Lundquist joined Target in 2005 and brings enterprise leadership and operations experience to her role. She will remain a direct report to CEO Brian Cornell and a member of the Company’s Leadership Team.
- Melissa Kremer, Senior Vice President HR, has been promoted to Target’s Chief HR Officer, taking on leadership of the enterprise-wide human resources strategy for Target’s 350,000 team members globally. Kremer, who has been with the Company since 2004, has led HR strategy and operations; HR business partnership, including support of Target’s largest commercial businesses; and the talent management functions of recruiting, learning, leadership development and strategic workforce planning. Kremer will join Target’s Leadership Team and report to CEO Brian Cornell.
- Katie Boylan, Senior Vice President, Communications, has been named Chief Communications Officer, with oversight of internal communication, corporate and brand communication, public affairs and crisis and issues management. She will report to the CEO. Boylan, who joined Target in 2011, brings 20 years of experience to her role, including work with multiple national consumer brands.
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at more than 1,800 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, which today equals millions of dollars a week. For the latest store count or for more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.
SOURCE Target Corporation
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Opening photo Target.com credit via Odyssey