Target Corp.’s turnaround gained traction last quarter, but the retailer worried investors after striking a more cautious tone about the coming months. The company that has been struggling to revive growth after a pandemic-fueled boom showed Wednesday that it’s making progress. Comparable sales jumped 5.6% last quarter, the biggest increase since the end of 2021 and triple the gain analysts were expecting. The chain also raised its annual revenue guidance by 2 percentage points to about 4%. Target is looking to win back increasingly selective shoppers amid resurgent concerns about inflation as the conflict in the Middle East boosts gas prices. Competitors such as Walmart Inc. and Costco Wholesale Corp. have been gaining market share with low prices, increased online options and expanded selections. For more on Target's results, we speak with Jennifer Bartashus, Senior Retail Staples Analyst for Bloomberg Intelligence. (Source: Bloomberg)

Target Corp. has quietly emerged as one of this year’s hottest retail stocks, outperforming many staples and big-box peers. The rally has also raised the bar heading into quarterly results.

Target Corp.’s new chief executive officer is setting big expectations for Wall Street and pledging a return to growth powered by trendy new food products, in-store beauty services and other changes.

A payments director at the Minneapolis-based retail giant Target Corp. said her fast-track credentials for airport security were revoked following an interaction with a federal border patrol agent who claimed he had facial recognition and was recording with a “body cam.”

President Donald Trump indicated he’ll make changes to his administration’s deportation crackdown in Minnesota after the killing of two US citizens during immigration raids sparked nationwide uproar. The president said he was sending US border czar Tom Homan — who is seen as relatively measured compared to rivals, including Homeland Security Secretary Kristi Noem — to Minneapolis in a bid to deescalate tensions.  Trump also spoke with Minnesota Governor Tim Walz, telling the Democrat who he has derided as “grossly incompetent” that he would consider independent investigations into the shootings and reducing the number of federal agents in his state. Wendy Schiller, Professor of Political Science at Brown University, joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)

Target Corp.’s incoming chief executive officer acknowledged the “incredibly painful” violence in Minneapolis in a video message sent to employees Monday after a second fatal shooting by federal agents in the company’s hometown.

Target Corp., Whole Foods Market and Walmart Inc. will be added as defendants in lawsuits against baby formula maker ByHeart for selling a product potentially contaminated with spores that cause infant botulism.