Target Corp. is celebrating the opening of eight new stores this summer — including its 320th location in California. The openings are part of the 20 new locations that Target plans to open this year, and also reflect the retailer’s commitment to building more than 300 stores over the next decade. Target is also leaning into larger footprints. Three of the new locations top the chain’s 125,000-sq.-ft. store average.
Target opening eight stores in July and August — here are the locations | Chain Store Age
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Second Quarter 2021 Financial Highlights: • Total revenues of $804.3 million rose 4.9% compared to the prior year quarter ◦ Same store revenues (as defined and reconciled on Table No. 5 below) increased 6.8% compared to the second quarter of 2020 • Total digital revenues were $259.3 million or 32.2% of total revenues • Net income attributable to Gannett of $15.1 million • Adjusted EBITDA totaled $115.8 million, an increase of $37.8 million or 48.4% compared to the second quarter of 2020 and represented a 14.4% margin • Net cash flow provided by operating activities of $31.3 million • Free cash flow of $23.1 million
Total revenues across all categories for July 2023 were down 10.9% as compared to July 2022, coming in at $902.6 million. Year-to-date revenues were down 0.9%, at $6.5 billion for the first seven months of the year. Trade (Consumer Books) revenues were down 5.9% in July, coming in at $599.1 million. In terms of physical paper format revenues during the month of July, in the Trade (Consumer Books) category, Hardback revenues were down 1.6%, coming in at $165.8 million; Paperbacks were down 11.9%, with $232.1 million in revenue; Mass Market was down 31.3% to $10.2 million; and Special Bindings were down 3.5%, with $16.0 million in revenue.
For the third quarter ended October 28, 2023, net sales decreased 6.8 percent versus the same period in fiscal 2022. Gross merchandise value ("GMV") decreased 7.1 percent. Third quarter net sales include a 270 basis point negative impact from the wind-down of Canadian operations. Anniversary Sale timing, with one week shifting from the second quarter to the third quarter, had a positive impact of approximately 200 basis points on net sales compared with 2022. Excluding the impacts of the Canadian wind-down and Anniversary Sale timing shift, net sales would have been down approximately 6 percent. During the quarter, Nordstrom banner net sales decreased 9.4 percent and GMV decreased 9.8 percent. Net sales for Nordstrom Rack decreased 1.8 percent. During the third quarter, active grew by double-digits, and beauty and accessories were up by low single-digits, versus 2022.