Target’s third quarter saw healthy sales — both in-store and online — but the retailer’s earnings saw the impact of its ongoing investments in store remodels and supply chain.
Following the launch of a hair care line at Target, celebrity hairstylist Kristin Ess unveiled a new hair tool line, which also can be found on the retailer's shelves.
Target plans to open a new small-format store near Columbus Circle at the intersection of 61st Street and Broadway in New York City, which will be its 28th location in the metropolitan area.
Target's new line of lower-priced owned-brand products, Smartly is comprised of more than 70 items, such as hand soap, paper plates, household cleaners and razors, which range in price from 59 cents to $11.99.
Target’s net income totaled $799 million, or $1.49 per share, and its same-store sales increased 6.5%, which was the retailer's highest comp growth in 13 years.
