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On March 5, 2014, Target Corp.'s chief information officer Beth Jacob resigned, having been in the role since 2008; this is thought to be due to the company's overhaul of its information security systems. [53] On June 15, 2015, CVS Health announced its agreement to acquire Target's pharmacy and retail clinic businesses. The deal expanded CVS to ...
Target also announced a $14 million commitment to local youth soccer through two new national initiatives—an $8 million local soccer grant program, and a $6 million partnership with the U.S. Soccer Foundation to build 100 new soccer play spaces by 2020. [212] Target is the official sponsor of 2017 [213] and 2018 [214] MLS All Star Games.
By 1992, the number of Target stores had doubled during Ulrich's tenure, to just over 500, with just shy of fifty more opening each year. In 1994, Kenneth Macke retired as chairman and chief executive of Target's parent company, Dayton Hudson Corporation, and Ulrich succeeded him in the position.
Steinhafel received a severance package of $61 million and agreed to "remain employed by Target in an advisory capacity to assist with the transition through no later than August 23, 2014." [10] Steinhafel is a Director, Member of Nominating and Governance Committee and Member of Compensation & Human Resources Committee for The Toro Company.
Shipt is an American delivery service owned by Target Corporation.It is headquartered in Birmingham, Alabama.. In December 2017, it was announced that Target Corporation was acquiring Shipt for $550 million and that it would operate as an independent subsidiary following the acquisition.
In 2022, Target announced [12] that their board of directors had eliminated the company’s mandatory retirement policy that would have forced the CEO to retire at age 65. In 2023, Cornell's total compensation at Target was $18.1 million, or 719 times the median employee pay at Target for that year. [ 13 ]
At Target, Jones stressed the need for content creation as a form of marketing and brand building. [10] Progressive Grocer called Jones the "architect of Target’s on-demand shopping experience". [5] He helped launch the savings app Cartwheel [19] and oversaw the extension of naming rights for the Target Center in Minneapolis. [20]
Target Optical was founded by the Cole National Corporation in 1995 [1] in Cleveland, Ohio. In 2004, the Cole National Corporation was acquired by the Italian Luxottica S.p.A. along with other Cole National Corporation holdings such as Pearle Vision. Luxottica folded Cole's operations into its North American Retail Group and the Cole structure ...