The Latest Breaking News from Target

Discount retailer Target is set to announce its third-quarter results later in November, and analysts expect a low single-digit drop in earnings.

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Target is cutting 1,800 corporate roles, its first major layoffs in a decade, as stagnant sales and a leadership change push the retailer to restructure.

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Target Corporation (NYSE:TGT) plans to cut around 1,800 corporate roles as the retailer looks to get back to growth, according to several media reports citing an internal memo sent on Thursday.

Target cuts 1,800 corporate jobs to streamline operations and boost sluggish sales.

Phil Spencer has confirmed that Microsoft is developing the next Xbox console, describing it as a first-party device and hinting that it builds on the Xbox Ally’s cross-platform vision. As Xbox faces mounting pressure to hit ambitious profit targets and redefine what “next-gen” means, the company’s future hardware could blend…

Target is eliminating about 1,800 corporate positions in an effort to streamline decision-making and accelerate initiatives to rebuild the flagging discount retailer’s customer base