Customers walk with their purchases from a Target store, in Methuen, Mass. Target Corp. reports earnings, Wednesday, Aug. 16, 2017
Earns Target, Methuen, USA - 27 Jun 2016
It's going to be a difficult holiday season for retailers. Amazon, which crushed Christmas for the online sector, and cut into bricks-and-mortar sales, is expected to be as aggressive as ever. Wal-Mart Stores Inc.,which has been trying to answer Amazon's incursions, is emphasizing the synergies between e-commerce and its vast fleet of stores, and will boost its promotional activity.So where does that leave the smaller Target Corp.? The Minneapolis-based mass merchant believes it will distinguish itself through service, and on Wednesday said revealed plans to hire about 100,000 employees across the U.S. for the holiday season.Target's net income in the recent second quarter slipped 1.2 percent to $672 million from $680 million a year earlier. Share buybacks boosted earnings per share to $1.22, from $1.07, beating analyst estimates of $1.19. The increase was driven by traffic growth of 2.1 percent.Sales in the quarter ended July 29 rose 1.6 percent to $16.4 billion from $16.2 billion on a 1.3 percent comparable-store sales gain. In the digital channel, comps rose 32 percent on top of 16 percent growth in the second quarter of 2016, outpacing the industry, and Target plans to invent more in 2018.
But Target is facing a tougher prior-year comparison in third-quarter and comps are expected to be flat, with full-year comps projected to range from flat to down 1 percent.
Wednesday's announcement is part of Target's efforts to provide an exceptional shopping experience and ensure that its 1,816 stores will be staffed to deliver a seamless experience for consumers.
Target will hire an additional 4,500 team members at the company’s distribution and fulfillment centers to replenish products to stores and fulfill digital sales throughout the season.In stores, seasonal employees will make sure shelves are well stocked and answer questions about Target’s new exclusive brands. As the retailer continues to grow its order pick-up service and ship-from-store capabilities, team members will fulfill online orders at stores.“Target has made significant investments in our business throughout 2017, and our commitment to hire 100,000 team members for the holidays will make shopping at Target even easier and more fun during one of the busiest times of the year," said Janna Potts, chief stores office of Target. "[They] play such an important role in helping guests prepare to celebrate the holidays with their families. As always, we'll provide our seasonal team members with meaningful opportunities to build and develop skills, and offer great benefits, including a variety of schedules and discounts.”Target will host hiring events at its 1,816 stores, Oct. 13 through Oct. 15., from 10 a.m. to 6 p.m. eligible applicants could potentially interview on-the-spot and receive a conditional job offer. There's also targetseasonaljobs.com to apply for seasonal jobs online, starting today.
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia