Target’s profits have been suffering this year — much of it, by their own admission, due to “organized retail crime.”
After releasing its third quarter earnings, the Minneapolis-based retail giant told reporters on an earnings call that it had thus far lost $400 million in gross profit margin compared to last year.
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An upcoming drag event in Boise, Idaho that will be targeting young children has received the sponsorship of numerous major corporations, including Target, Wells Fargo, CitiBank, and Hewlett-Packard.
As reported by Breitbart, the Boise Pride Festival will feature an additional event titled “Drag Kids on Stage.” Marketing itself as “a drag show like none other,” the event description says that children as young as 11 will be on-stage.
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Corporations previously outspoken about hot-button social issues have stayed quiet on the likely overturning of Roe v. Wade after a dramatic fight between Disney and Florida Republican Gov. Ron DeSantis over the company’s political activism.
Following the leak of a draft opinion indicating the Supreme Court is likely to overturn Roe v. Wade, Democrats are trying to ram through a bill legalizing third trimester abortions; however, corporations are largely staying out of the fray, following Disney’s disastrous battle with Republican Florida Gov. Ron DeSantis that ended with the company losing its special tax privileges.
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Target will permanently close all stores for Thanksgiving heading into the holiday shopping season, multiple sources reported.
Retailers were forced to extend the holiday shopping rush with sales beginning in October, the Associated Press reported.
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A Target store in St. Paul came under fire for their Juneteenth display in their employee break room which had hot sauce, red Kool-Aid, and watermelon. Someone, presumably an employee, shared photos of the display on social media, leading to public backlash. One of the public comments called “every single Target employee who thought that the display represented Juneteenth,” racist.
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Target CEO Brian Cornell received a pay raise amid the pandemic last year, boosting his total compensation to 805 times the salary of a median Target employee, Axios reported.
Target paid Cornell $19.75 million in 2020, an increase of nearly $800,000 from the year before, regulatory filings showed, Axios reported. The average Target employee’s salary, meanwhile, was $24,535.
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Costco will raise its company-wide minimum wage to $16 per hour, a one-dollar increase that raises its wages higher than its fellow big-box retailers, the company’s CEO said during a congressional hearing Thursday.
Costco plans to raise its minimum wage from $15 to $16 because it is committed to paying workers “very competitive retail wages,” CEO Craig Jelinek said during a Senate Budget Committee hearing Thursday. Jelinek stopped short of advocating in favor of a federal minimum wage overhaul, instead saying he was solely focused on Costco.
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Target is pledging to ensure that Black employees make up at least 20 percent of its workforce. The Minneapolis-based corporation based their goal on a diversity report of 2019.
Target stated that the data indicated a need for more “equitable outcomes for Black team members.” For this ethnicity only, the corporation promises to broaden leadership pathways, develop hiring and retention programs, increase mentorship and sponsorship programs, tailor benefits.
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Target, CVS Health and Publix Super Markets on Thursday joined the growing list of national chains that will require customers to wear face masks regardless of where cities or states stand on the issue.
Target’s mandatory face mask policy will go into effect Aug. 1, and all CVS stores will begin requiring them on Monday. Publix Super Markets Inc., based in Lakeland, Florida, said that its rule will kick in on Tuesday at all 1,200 stores.
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Both Target and Best Buy have announced plans to make Juneteenth a company-wide holiday, an idea that Sen. John Cornyn (R-TX) wants to institute on the federal level.
“One of the most defining days in our nation’s history was when President Lincoln issued the Emancipation Proclamation on January 1, 1863, finally freeing all slaves in Confederate territory. But slaves in Texas wouldn’t learn this life-altering news for two and a half years,” Cornyn said during a Senate floor speech Thursday.
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Target Corporation announced Thursday that it will temporarily close 24 stores throughout the Metro area in the wake of mass looting and rioting in Minneapolis.
Wednesday night’s riots in response to the death of George Floyd left one Target store in south Minneapolis completely demolished.
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The author of a petition calling on Target to stop using plastic bags delivered more than 450,000 signatures to the company’s Minneapolis headquarters Thursday.
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Several prominent businesses headquartered in Minnesota signed on to an amicus brief in support of upholding the Deferred Action for Childhood Arrivals (DACA) program.
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Sears will live on— at least for now. The company’s chairman and largest shareholder, Eddie Lampert, won a bankruptcy auction for Sears in New York, averting liquidation of the iconic chain, according to a source familiar with the negotiations. The person agreed to speak on condition of anonymity because they…
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