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Target Corporation
Target's shares tumble as retailer says first-quarter profits will be hurt by higher costs
Target Cash Registers Back Online After Chaotic Nationwide Tech Failure
If you can't wait for Amazon shipping, shop these other online retailers
Target International Shipping Available for Shoppers from Anywhere

Target Corporation

In an interview with CNBC's "Squawk Box ," he said Target's investments in online shopping options and its workforce will lead to "market share gains that I think will benefit the brand for years to come. Since its fiscal first quarter began Feb. The gain, which compares with an increase of 1. Cornell did not provide any specific estimates for its quarterly earnings. But he said higher labor costs, the sale of more low-margin items and write-downs of inventory in apparel and accessories because of a drop in sales will weigh on profits.

Target is spending more on worker pay and benefits. Those costs will continue to rise. Moody's retail analyst Charlie O'Shea said in a statement Target's update gives a clearer picture of a complex retail environment where customers shop differently and skip over some items altogether. He said its mix of items sold and the drop in apparel sales "indicates that consumers, once they decide to go to the store or hit the website, are focused on efficiency and 'needs vs wants'. He said investors are trying to figure out customers' purchasing patterns, as Target's sales show a progression from "pantry loading a little bit, then taking a rest, then shopping again, but on the online side of it.

But he said he thinks the stock's downturn is "more of a blip. One factor that has helped Target is the investments it's made to offer customers different ways to shop.

Customers can order online and either drive-up or walk inside the store to pick-up purchases. Cornell said the same-day services have gained popularity during the pandemic. Cornell told CNBC he expects some of customers' new habits to stick, as they discover the ease of driving up and having Target employees put purchases in their trunk or having a shopper from Shipt drop bags of groceries at their home.

He said he expects customers will continue consolidate their shopping into fewer trips. He said that trend would benefit the big-box store, too, since it sells many items from medicine and groceries to clothing. Some of Target's categories have performed better than others.

Even as more customers shop online, Cornell said stores play a pivotal role: The large footprint of stores across the U. Even as an essential retailer that's remained open, Cornell said Target has had to adapt to evolving business dynamics.

In late March, Target withdrew its guidance for the first quarter and fiscal year, postponed all new store remodels and delayed openings of many small-format stores. It said it would hold off on some strategic priorities, too, such as plans to add fresh food and alcohol to curbside pickup.

Target has watched customers shop and behave differently as the world around them changes. Initially, he said customers stocked up on household essentials, food, and medications.

As they heard they would shelter at home, he said Target saw a spike in supplies needed to work and attend school remotely and games to help them stay entertained. In recent weeks, he said, customers have listened to government and public health officials, and are starting to shop while wearing face masks.

Cornell said it is difficult to know how to communicate with customers and whether to do seasonal or holiday promotions. He said Target wants to make sure its advertising and customer messages fit with the times, but also "sprinkle in a little bit of joy. Target recognizes "there's going to be several more months where there's going to be significant concern as we work through this pandemic," Cornell said, adding it is doing surveys, talking to medical experts, and working government officials to try to plan for the future.

Skip Navigation. Markets Pre-Markets U. Key Points. Target CEO Brian Cornell said the retailer has benefited from investments in online shopping options, but it will have lower profits this quarter. The retailer is spending more on labor, selling fewer high-margin items and writing down apparel and other items that are not selling. Same-day online services have especially gained popularity. VIDEO But, he said, "unfortunately, I don't have a crystal ball.

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Shop the latest women's fashion, kids' clothing, babywear, entertainment, toys, homewares and much more at Target's Online Store. Target Corporation is an American retail corporation. It is the 8th-largest retailer in the United The first Target discount store opened in Roseville, Minnesota on May 1, The company operated SuperTarget locations as of September ; they each encompass an estimate of , Current status, Online.

Target Corporation is an American retail corporation. Target established itself as the day time division of the Dayton-Hudson Corporation in the s; it began expanding the store nationwide in the s and introduced new store formats under the Target brand in the s. The company has found success as a cheap-chic player in the industry.

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Now the Target app can help you have a more rewarding Target run! Introducing Target Circle, which gives you access to hundreds of deals, a birthday gift and the chance to support your community.

Target Cash Registers Back Online After Chaotic Nationwide Tech Failure

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If you can't wait for Amazon shipping, shop these other online retailers

We've interviewed experts and found the best options to help you cope during this uncertain time. Find all of our coronavirus-related coverage here , and let us know your thoughts here. In an effort to meet the skyrocketing demand for social distancing supplies, Amazon is only restocking essential goods in its warehouses. Some customers hoping to take advantage of convenient Prime shipping can expect to wait up to a month for many items, meaning it's time to diversify your online shopping habits. To help, we've rounded up a long list of stores to fill the Amazon-shaped hole in your heart. Though many of the retailers below have shuttered their physical locations, all are still fulfilling online orders at this time and can deliver essential and nonessential goods alike. The unfortunate truth is that pretty much all retailers are experiencing some shipping delays due to the pandemic, but you will still get what you need delivered within a few days. But if you have a favorite clothing, game, or homegoods shop nearby, this is a great time to check if it's completing online orders; many small stores are waiving or reducing shipping fees in the wake of social distancing, and you'll be supporting your local economy.

Daniella Cheslow. Alina Selyukh.

Our content is free because we may earn a commission when you click or make a purchase from links on our site. Learn more about how we make money. No one wants to go to the store nowadays. Traditional shopping in the age of quarantine and coronavirus brings with it the obvious health concerns.

Target International Shipping Available for Shoppers from Anywhere

Like many essential businesses that have remained open amid coronavirus-related shutdowns, Target is experiencing a surge in shoppers, many of whom are panic-buying high-demand items like toilet paper and hand sanitizer in large quantities. To accommodate for the coronavirus impact , Target has already announced major changes in its stores, such as limits on purchase quantities, a temporary suspension of returns, and a reduction of store hours. For those going to the superstore in the foreseeable future, the trip is likely to be different from your average Target run. Business Insider spoke to four Target employees from stores in California, Virginia, New York, and the Midwest who revealed the best way to get the most out of shopping there during the pandemic. From how to nab the essentials to some unexpected items to buy, here's what they had to say. Three employees from the Midwest, New York, and Virginia stores said that the earlier you get there, the better. The New York employee said that 9 a. Adam Ryan, the liaison for the employee activist group Target Workers Unite and a current employee at a store in Christiansburg, Virginia, also said that people should respect the designated shopping hours for elderly and immunocompromised guests. Like most stores open during the pandemic, Target runs out of high-demand items pretty quickly. Employees don't always know what items the store will be getting in advance, so the Midwest employee recommends people call the store before they come to ask about what is currently in stock. Target still offers online shopping and order pick-up. A Target employee in a Midwest store said she recommends that people take advantage of these services. Stores can easily become too crowded if friends and family show up together for a big shopping trip.