Group 1: Thanksgiving Closures - Most federal and financial institutions will pause operations on Thanksgiving Day, including banks, post offices, and the stock market (NYSE and Nasdaq) [2] - Major shipping carriers such as United Parcel Service Inc. and FedEx Corp. will suspend standard pickup and delivery services on this day [2] - Retail giants like Walmart Inc., Target Corp., Costco Wholesale Corp., Macy's Inc., and Kohl's Corp. will remain closed on Thanksgiving Day [3] Group 2: Thanksgiving Openings - Many grocery chains, including Kroger Co., Whole Foods, and Sprouts Farmers Market Inc., will be open on Thanksgiving, albeit with reduced hours [4] - Select pharmacies like CVS Health Corp. and Walgreens will operate, but customers should check local store hours as pharmacy counters may be closed [4] Group 3: Black Friday Operations - Business operations will resume on Black Friday, November 28, with banks and post offices reopening for regular service [6] - The stock market will open but will close early at 1 p.m. ET on Black Friday [6] - Major retailers, including Walmart and Target, will open at 6 a.m. for Black Friday deals, marking the start of the shopping season [6]

Financial Performance - GAAP diluted earnings per share were $1.51, and adjusted diluted earnings per share were $1.78, reflecting a decrease of 18.2% and 3.9% respectively compared to the prior year[59]. - Net sales for the third quarter were $25.3 billion, a decrease of 1.5% from the comparable prior-year period, with operating income of $0.9 billion, down 18.9%[65]. - Comparable sales decreased by 2.7%, driven by a 2.2% decrease in traffic and a 0.5% decrease in average transaction amount[71]. - Net earnings for the three months ended November 1, 2025, were $689 million, a decrease of 19.3% compared to $854 million in the same period last year[94]. - Cash flows from operating activities decreased to $3.5 billion for the nine months ended November 1, 2025, down from $4.1 billion in the prior year, attributed to lower net earnings and inventory purchases[100]. Cost and Expenses - The after-tax return on invested capital (ROIC) for the trailing twelve months was 13.4%, down from 15.9% in the prior year[60]. - The gross margin rate for the three months ended November 1, 2025, was 28.2%, slightly down from 28.3% in the prior year[78]. - Selling, General, and Administrative (SG&A) expense rate increased to 21.9% from 21.3% in the prior year, impacted by business transformation costs[83]. - GAAP diluted earnings per share for the three months ended November 1, 2025, was $1.51, while adjusted EPS was $1.78, reflecting a business transformation cost adjustment of $161 million[91]. Business Transformation - The company is undergoing a multi-year business transformation initiative, which may incur additional costs in future periods[63]. - Target Circle Card penetration was 16.9% for the three months ended November 1, 2025, down from 17.7% in the prior year[74]. Inventory and Liquidity - Inventory increased to $14.9 billion as of November 1, 2025, compared to $12.7 billion in February 2025, reflecting seasonal inventory build ahead of the holiday sales period[101]. - Cash and cash equivalents were $3.8 billion as of November 1, 2025, compared to $4.8 billion in February 2025, indicating a decrease in liquidity[99]. - The company believes its sources of liquidity will be adequate to meet contractual obligations, working capital, planned capital expenditures, and execute share repurchase programs[110]. Debt and Credit - The company issued $1.0 billion of unsecured debt in both March and June 2025, and repaid $1.5 billion of unsecured debt in April 2025[107]. - As of November 1, 2025, the company's credit ratings were A2 (Moody's), A (S&P), and A (Fitch) for long-term debt, and P-1 (Moody's), A-1 (S&P), and F1 (Fitch) for commercial paper[106]. - The company has a new committed $1.0 billion 364-day unsecured revolving credit facility expiring in October 2026, alongside a $3.0 billion unsecured revolving credit facility expiring in October 2028[108]. Tax and Dividends - The effective income tax rate decreased to 19.8% for the three months ended November 1, 2025, down from 21.7% in the prior year, mainly due to benefits from tax credits[88]. - Dividends paid totaled $518 million for the three months ended November 1, 2025, representing a per share increase of 1.8% compared to the same period last year[103]. Market and Risk Management - There have been no material changes in primary risk exposures or management of market risks since the last disclosure[115]. - The company does not expect any recently issued accounting pronouncements to materially affect its financial statements[111]. - Forward-looking statements include expectations regarding future financial performance, liquidity sources, and capital expenditures[113].

Prat Vemana, the chief information and product officer for Target, this week experienced something brand new as a shopper. He bought sleepwear through the retailer’s app in OpenAI’s ChatGPT. The C-suite executive’s new shopping behavior reflects a seismic shift happening for retailers as they head into Black Friday and a holiday season that’s projected to surpass $1 trillion in spending for the first time in the U.S. Shoppers who have spent the past few decades migrating to web-based shops, then to mobile ...

Core Insights - Millions of Americans are expected to shop between Thanksgiving and Cyber Monday, with online sales projected to reach $18 billion on Black Friday and a total of $78 billion during the five-day "cyber week" [3][8] - The National Retail Federation anticipates holiday spending will exceed $1 trillion for the first time, with a year-over-year increase of 3.7% to 4.2% despite inflation around 2.7% and declining consumer confidence [4][8] Retail Strategies - Retailers are implementing various strategies to attract consumers, including digital wishlists, sweepstakes, and unique in-store experiences, such as Nordstrom's funhouse-style mirrors and Bloomingdale's oversized Burberry scarf display [2][3] - Companies like Target and Urban Outfitters are focusing on exclusive merchandise and collectibles to entice shoppers, while others like Walmart's Sam's Club are promoting traditional products [9][13] Consumer Behavior - There is a trend of consumers planning to spend less this holiday season compared to last year, with some affluent shoppers also showing signs of spending fatigue [4][8] - Retailers are aware of consumer caution and are adjusting their pricing strategies, with many big-box stores reducing prices on essential items [6]

We recently published 11 Stocks Jim Cramer Shared His Insights On.  Target Corporation (NYSE:TGT) is one of the stocks Jim Cramer discussed. While Cramer has repeatedly praised Walmart and Costco throughout 2025, he hasn’t been similarly optimistic about Target Corporation (NYSE:TGT). He started the year with a warning that the firm might be facing a profitability squeeze and then proceeded to outline that it was facing tough competition from Walmart and Costco. In January, Cramer remarked that while Targ ...

Walmart Inc. ( WMT ) and Target Corporation ( TGT ) sit at the top of America’s retail landscape, both built on the promise of selling the everyday stuff people buy whether times are good orI focus on producing objective, data-driven research, mostly about small- to mid-cap companies, as these tend to be overlooked by many investors. From time to time, though, I also look at large-cap names, just to give a fuller sense of the broader equity markets.Analyst’s Disclosure:I/we have a beneficial long position i ...

Nov 25, 2025 12:00 PM Eastern Standard Time This expanded agreement provides Vasomune with increased financial support and the ability to pursue more development opportunities to mitigate pathological vascular leakage. About Vasomune Therapeutics, Inc. Vasomune Therapeutics, Inc. is a private clinical-stage biopharmaceutical company developing the next generation of medicines to boost the body's ability to defend against vascular leak. Founded in 2014, Vasomune has focused on vascular normalization strategi ...

Core Insights - The article provides a market analysis of major retail companies including Walmart Inc, Target Corporation, TJX Companies Inc, and Macy's Inc, highlighting their performance and market trends [1] Group 1: Company Performance - Walmart Inc continues to lead the market with strong sales growth, driven by its e-commerce expansion and grocery offerings [1] - Target Corporation has faced challenges with inventory management and pricing strategies, impacting its overall sales performance [1] - TJX Companies Inc shows resilience with a steady increase in foot traffic and sales, benefiting from its off-price retail model [1] - Macy's Inc is undergoing a transformation strategy to enhance its online presence and improve customer experience, although it faces stiff competition [1] Group 2: Market Trends - The retail sector is experiencing a shift towards e-commerce, with companies investing heavily in digital platforms to capture consumer spending [1] - Consumer behavior is changing, with an increased focus on value and discount shopping, benefiting off-price retailers like TJX [1] - The competitive landscape is intensifying, requiring traditional retailers to adapt quickly to changing market dynamics and consumer preferences [1]

Target is moving forward with plans to expand its footprint through new, larger-format stores despite weak sales.  The Minneapolis-based retailer announced last week during its earnings call that it will invest billions to upgrade existing locations and open additional large-format stores as it works to reverse its sales slump and return to profitable growth.The company will raise capital expenditures – the money it invests in long-term assets like technology and infrastructure – to $5 billion in the next f ...

Semiconductor stock Applied Materials Inc (NASDAQ:AMAT) is up 1.7% to trade at $235.81 at last check, on the heels of an upgrade to "buy" from "neutral" at UBS. The firm also hiked its price target to $285 from $250, citing a "significantly more bullish outlook for wafer fab equipment."Heading into today, analysts were split toward the equity. Sixteen of the 35 brokerages in coverage carried a tepid "hold" recommendation, leaving ample room for more upgrades in the coming weeks. AMAT has been an outperforme ...