Most of the retail executive’s pay came in the form of $12.3 million in stock awards and $4.5 million in incentive pay.

The retailer plans to accelerate the pace of new store openings, update fulfillment capabilities and add more local distribution centers.

The big-box retailer is mixing up its senior leadership team in an attempt to capture more market share amid a troubling retail environment.

The milestone marks Target’s 10th billion-dollar owned brand.

Here’s why and what other retailers can learn from the big-box giant.

Meanwhile, the big-box retailer continues to grow its bottom line, despite an increasingly challenging retail environment.

Target also revealed holiday sales were boosted by online shopping.

But across the retail industry, intimate apparel continues to be among the list of pandemic winners.

Select Journelle bras, sleepwear and lingerie can now be found at target.com.

Comparable traffic grew 4.5 percent during the quarter, while digital sales surged 155 percent.

Profits surged more than 81 percent during the quarter, with both in-store and digital sales growth.

Target’s minimum wage will soon be $15 an hour, while Juneteenth becomes a company holiday.

Ceo Brian Cornell told the annual shareholders meeting that the retailer will seek to bring more people of color into its business.

The retailer will begin testing smaller, flexible format stores.

The retailer joined J.C. Penney, Macy’s and Kohl’s and more in posting disappointing holiday sales.