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Target Corp. is pushing back on media reports this week that it has changed its policies around self-checkout technology in response to shoplifting or customer dissatisfaction. A number of news outlets reported over the weekend and yesterday that the retail giant has limited self-checkout registers to 10 items or fewer, but Target made that announcement more than a year ago. “Target is not removing self-checkout,” a spokesperson told Fast Company when reached for comment. “We offer it in the vast majority of our stores and have no plans to change this.” The company declined to share additional details about how theft—or “shrink” in industry parlance—has shaped…

It’s fair to say that Minneapolis-based Target is going through a rough patch as a result of declining sales and customers. After facing boycotts, tariffs, and a massive surge of federal U.S. Immigration and Customs Enforcement (ICE) operations in its hometown, Target, long overdue for a big change, made one this weekend—appointing a new CEO. Michael Fiddelke, who began his career at Target more than two decades ago, officially took over as chief executive officer on Sunday. He was previously Target’s chief operating officer and its former chief financial officer. (Last summer, the retailer announced he’d be succeeding longtime CEO Brian Cornell.) “While we have r…

Yesterday, Target Corporation announced news that no one wants to hear—especially just before the holidays. The Minneapolis-based retail giant informed employees that it is gearing up to eliminate 1,800 corporate roles at the company. Here’s when the layoffs will happen and what it means for the company and its employees. Target to cull its corporate workforce by 8% On Thursday, Target’s chief operating officer, Michael Fiddelke, who is set to become the company’s new CEO in February, reportedly sent a memo to employees at the 440,000-strong company. According to numerous media reports, Fiddelke’s memo didn’t beat around the bush: the company has decided …

Target Corporation has reportedly announced that it will cut about 500 roles at the company, partially in an effort to reallocate financial resources to boost the in-store customer experience. The job cuts would be the second major wave of cuts that Target has made in the last five months, and come less than two weeks after the company’s new CEO stepped into the role. Here’s what you need to know. What’s happened? On Monday, media outlets including CNBC and MarketWatch reported on a memo sent to Target employees by the company’s chief stores officer, Adrienne Costanzo, and its chief supply chain and logistics officer, Gretchen McCarthy. In the memo, the e…

Sales at Target fell more than expected in the first quarter and the retailer warned they will slip for all of 2025 year as its customers, worried over the impact of tariffs and the economy, pull back on spending. Target also said that customer boycotts have also done some damage. The company scaled back many diversity, equity and inclusion initiatives in January after they came under attack by conservative activists and the White House. Target’s retreat created another backlash, with more customers angered by the retailer’s reduction of LGBTQ+-themed merchandise for Pride Month in June of 2023. Shares fell more than 4% before the opening bell Wednesday. Sales fell 2.8…

Target Corporation on Tuesday reported its all-important fourth-quarter results, which run from the key holiday shopping season in November through January. Unfortunately for the company, its results were, at best, a mixed bag. Yet despite the underwhelming earnings report, shares in the company are currently rising. Here’s what you need to know. Target’s Q4 2025 at a glance Before the opening bell this morning, Target reported its fourth-quarter earnings, which ended on January 31. Out of all the earnings periods Target reports over the year, Q4 is the most important because it covers the holiday shopping season when consumers are traditionally most will…

Target will stop selling cereals containing synthetic colors by the end of May. The Minneapolis-based discounter said Friday it had been phasing out synthetic colors in cereals for several years. Right now, 85% of its cereal sales already come from products made without synthetic dyes. Target said it has worked with national brands and its private brands to reformulate products as needed. Some cereals — including Trix and Lucky Charms, which are made by General Mills — will have updated formulations, Target said. Target said it will no longer carry brands that don’t reformulate, but it didn’t name the brands. General Mills announced last year that it planned t…

Today, retail giant Target Corporation (NYSE: TGT) reported its third-quarter fiscal 2025 earnings. Unfortunately, for the company and its investors, the results were a continuation of what Target has been seeing for years now: declining sales. Here’s what you need to know about Target’s Q3 and the impact the earnings are having on the company’s stock price today. Target’s Q3 2025 at a glance Here’s what the big box retailer reported for its Q3 2025: Net sales: $25.3 billion (down 1.4% from the same period in 2024) Adjusted earnings per share (EPS): $1.78 (down from $1.85 in the same period in 2024) Operating income: $948 million (down 18.9%) Net…

The branding and packaging for Target’s beloved Up&Up brand is now more colorful than ever. Over the course of three years, design agency Collins reimagined the wide-ranging private-label brand, which has more than 2,000 products spanning aluminum foil and copy paper to pet grooming products and a wrist blood pressure monitor. The Up&Up brand does nearly $3 billion in annual sales for Target. The retailer wanted to relaunch it with reformulated products, reduced plastic usage, and hundreds of new items, which began rolling out in stores last year and will continue through early 2025. [Image: Target]New private-label packaging elevates bargain shoppingThis comes at…

When Pokémon launched in 1996, the brand offered just a pair of video games, a single region within its world for players to explore, and 151 creatures for them to capture and train. 30 years later, Pokémon mania is stronger than ever. The most recent mainline games in the series, Pokémon Scarlet and Violet, sold 10 million copies in their first three days, while the accompanying Pokémon Trading Card Game printed 10.2 million new cards between 2024 and 2025. The franchise now features 1,025 Pokémon across its more than a hundred video game titles under the Pokémon umbrella, including the mobile gaming phenomenon Pokémon Go, which ranks among the highest-grossing mobil…

Americans are feeling financially stretched: 92% cut back on spending last year, including curbing essentials like healthcare and groceries. Is this really the time for Target to be focused on trendy throw pillows, luxury beauty products, and premium sodas? At Target’s investor day on Tuesday, CEO Michael Fiddelke tried to convince Wall Street that the retailer is about to undergo a massive turnaround, after years of declining comparable sales, most recently in this last quarter. His reinvention plan is anchored in stylish design, differentiation from other retailers, and delighting the customer in-store. But none of these strategies seemed built for the economic mome…

As summer nears and states like Texas are already facing extreme heat, tariffs are about to make cooling your home a lot more expensive—and experts don’t expect prices to come down any time soon. The U.S. heating and cooling industry is highly dependent on overseas manufacturers, both for fully assembled units like air conditioners, heat pumps, and HVACs, and for the component parts used to build them. According to the Observatory of Economic Complexity, the U.S. imported more than $15 billion in AC units last year, mainly from Mexico and China. But according to Aydin Mehr, general manager of the HVAC contractor UniColorado, overseas manufacturers essentially hal…

When I launched TaskRabbit in 2008, I thought entrepreneurship was about persistence. The narrative in Silicon Valley was simple. If you believe in an idea strongly enough and push hard enough, success eventually follows. Years later, after building TaskRabbit into one of the companies that helped define the early gig economy, I started hosting a podcast called “Breaking Precedent.” I wanted to talk with founders, investors, and innovators who had changed the rules in their industries. What I expected to hear were stories about grit and determination. What I actually heard were stories about something else entirely. Again and again, the most pivotal moments in the…

In 2008, we published the first listing on a bare-bones website called RunMyErrand.com: a single task, posted by someone who needed help, to be completed by an individual who had opted into making their time and abilities available. At the time, it was an untested idea, launched in the midst of the worst financial downturn in a generation, and there was no established language for what we were building. The term “gig economy” did not yet exist, and there was no widely accepted model for how a person in need might hire a stranger through a digital marketplace to complete a unit of work. This was before Uber, Instacart, and Postmates, and before on-demand labor became a…

Today, Wednesday, April 15, 2026, is Tax Day. During trying economic times, the tax deadline can feel like a punishment. It’s difficult to watch money being taken out of hard-earned paychecks when household budgets run on thin margins. To take the sting out of Tax Day, many businesses have special deals to soften the blow. Freebies and deals for Tax Day 2026 Many restaurants are ready to make your stomach happy should you need consoling on Tax Day. If you need the food to come to you, 7-Eleven has you covered. Use the 7NOW Delivery app to get $10.40 off of orders of $25 or more. Just remember to enter the promo code WRITEOFF on April 15. Another d…

Being advised to max out your 401(k) is Personal Finance 101. But is that universally solid guidance? Tax-sheltered retirement plans offer the convenience of automatic investments and tax breaks—pretax contributions and tax-deferred compounding for traditional 401(k)s and tax-free compounding and withdrawals for Roth contributions. But the availability and quality of the 401(k) are also important considerations. Some workers don’t have access to an employer-provided retirement plan, and 401(k) quality can be uneven. High administrative costs, meager employer matching contributions, and costly investment lineups can detract from 401(k)s’ tax-saving features. …

It’s the life of a saleswoman. Taylor Swift’s 12th studio album, “The Life of a Showgirl,” sold 2.7 million copies in traditional album sales — which include physical and digital formats — in its first day in the U.S. That’s according to Luminate, an industry data and analytics company. The album was released Friday. The sales are impressive for a number of reasons. Swift has broken her record for most first-week sales… in one day. Her last album, 2024’s “The Tortured Poets Department,” amassed 2.61 million equivalent album units in the U.S. in its first week. “The Life of a Showgirl” has also become the second-largest sales week for any album in the modern er…