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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Kohl’s announced details of the company’s strategic plans to invest in its store base and enhance the capabilities of its e-commerce fulfillment network. During the third quarter, Kohl’s will open four small format stores and its fifth e-commerce fulfillment center. The company continues to make progress on its initiatives to optimize and rightsize select Kohl’s stores across the country. “Our stores remain at the core of our omnichannel strategy and we will continue to invest in them by opening smaller formats, rightsizing and optimizing our selling space and working to ensure that shopping in our stores is an engaging and inspiring experience for our customers,” said Kevin Mansell, Kohl’s chairman, chief executive officer and president. “We have set a goal to be the best-in-class omnichannel retailer and opening our fifth e-commerce distribution center will support the delivery of online orders faster and more efficiently to customers nationwide.” Click Read More below for additional detail.
Savvas Learning Company, a next-generation K-12 learning solutions leader, is proud to announce that its high-quality learning solutions and innovative digital platform have earned eight edtech industry recognitions by numerous award programs. The enVision K-12 math series, SuccessMaker personalized learning program, and the Savvas Realize learning management system (LMS) are among recent winners of industry recognition. “At Savvas, we are committed to developing the highest-quality instructional solutions that are powered by cutting-edge technology in order to personalize teaching and learning and help all students succeed,” said Bethlam Forsa, CEO of Savvas Learning Company. “We are honored to receive these prestigious awards as they demonstrate the impact of our evidence-based, student-centered learning solutions in helping educators increase student engagement and accelerate academic outcomes.”
Fourth quarter GAAP net income decreased 36% to $433 million and GAAP diluted earnings per share decreased 52% to $1.33 driven by continued declines in Ratings revenue and amortization of acquired intangibles. For the full year, reported revenue increased 35% to $11.18 billion. 2022 GAAP net income increased 7% to $3.25 billion and GAAP diluted earnings per share decreased 18% to $10.20.