We're back on Morning [music] Trade Live. This week's deluge of retail earnings will continue tomorrow morning with Walmart set to report its quarterly results. The report will be the first following the announcement that current CEO Doug McMillan will be stepping down this upcoming February.So, here's a look at the chart. Shares of Walmart are up at 20% year-over-year. And let's check in on the price action of some of the other major players in the sectors as well today because we have already heard from a ...

Core Insights - Target is facing challenges with soft traffic and uneven sales, prompting the company to innovate by integrating a storefront within ChatGPT [1][4] - The upcoming beta launch will transform OpenAI's assistant into a personal shopper capable of assembling multi-item carts and managing grocery orders, representing a significant tech and narrative strategy for Target [2][4] - Despite exceeding profit expectations in its latest earnings report, Target continues to experience lower sales and decreased store traffic, indicating ongoing struggles [3] Technology Integration - The AI initiative is part of Target's broader strategy to attract customers back, with the ChatGPT app allowing users to create curated shopping lists through conversation [4][5] - This operational approach aims to enhance logistics, including Drive Up pickups and in-store fulfillment, by integrating AI with Target's inventory systems [5][6] - Target has been utilizing OpenAI technology internally, with 18,000 employees using ChatGPT Enterprise and various tools to improve customer service and operational efficiency [7][8]

VENICE, NEW YORK, UNITED STATES - 2025/10/21: Sign at the entrance to a Target store in Venice, Florida. (Photo by Erik McGregor/LightRocket via Getty Images)LightRocket via Getty ImagesTarget (NYSE: TGT) shares declined by approximately 3% in pre-market trading following its Q3 fiscal 2025 results, impacted by weaker revenue and falling comparable sales even though it surpassed EPS expectations. At first glance, the quarter appears weak: net sales decreased by 1.5% year-over-year, and comparable sales fell ...

U.S. equity markets opened Wednesday, November 19, 2025, with a cautious uptick, as investors keenly awaited the highly anticipated quarterly earnings report from artificial intelligence (AI) chip giant Nvidia (NVDA) after the closing bell. The slight gains at the open followed a challenging Tuesday session that saw major indexes extend their losing streaks amid persistent concerns over elevated AI-tied valuations and a mixed economic outlook.Market Indexes Edge Up at the OpenAs trading commenced this morni ...

This morning, though, we get results from Target. Target and target narratives, profit forecasts, as we were talking about discounts and slowing demand weighing on earnings. Bloomberg retail reporter Emily Cohen joins us now.So what are we learning about the consumer that we're already a little bit worried about, Emily. Yeah, I mean, Target is seeing a consumer that is shopping. It's spending, not leaning into the the discretionary things that target is known for.The the retailer trimmed its forecast again ...

Financial Data and Key Metrics Changes - In Q3, net sales were down 1.5% year-over-year, slightly better than year-to-date performance but about 60 basis points softer than Q2 [38] - Q3 GAAP EPS was $1.51 compared to $1.85 a year ago, while adjusted EPS was $1.78, about 4% lower than the previous year [42] - Gross margin rate for Q3 was 28.2%, about 10 basis points lower than last year, with pressures from higher markdowns offset by lower inventory shrink [40][41] Business Line Data and Key Metrics Changes - Comparable sales in Q3 were down 2.7%, with growth in food and beverage and Fun 101 partially offsetting declines in discretionary categories like home and apparel [28] - Digital comparable sales grew 2.4%, driven by over 35% growth in same-day delivery [28] - Fun 101 saw nearly 10% comp growth in toys and double-digit growth in music and video games, indicating strong performance in categories with unique assortments [28][30] Market Data and Key Metrics Changes - Consumer sentiment is at a three-year low, with concerns about jobs and affordability impacting spending behavior [31] - The company noted that guests are prioritizing value and spending more on essentials while looking for deals in discretionary categories [31] Company Strategy and Development Direction - The company is focused on three priorities: solidifying design-led merchandising authority, enhancing the shopping experience, and leveraging technology for efficiency [9][10] - Plans for next year include increasing capital expenditures to about $5 billion, which is $1 billion more than the current year, to support store experience and remodel programs [24][48] - The company is modernizing its cross-functional teams to improve decision-making and speed in product offerings [64][75] Management's Comments on Operating Environment and Future Outlook - Management expressed that they are not satisfied with current results and are committed to driving change to return to sustainable growth [49][80] - The company is actively addressing challenges in the external environment and is focused on making necessary investments to improve performance [47][48] Other Important Information - The company has eliminated approximately 1,800 roles at headquarters to streamline operations and enhance agility [10] - The upcoming financial community meeting will take place in Minneapolis on March 3rd, providing insights into the company's evolution and strategy [53] Q&A Session Summary Question: Can we rule out a reset of margin during this investment phase? - Management indicated that they are committed to making the right investments to achieve desired outcomes, focusing on efficiency and experience improvements [57][59] Question: What are the most urgent gaps and capabilities? - Management highlighted the importance of merchandising authority and the positive response seen in categories like FUN 101, indicating a focus on elevating the guest experience [61][62] Question: How does the company view the $5 billion CapEx investment? - The company sees this investment as crucial for driving growth, particularly in new stores and remodels, while also emphasizing the importance of technology [70][75]

Accessibility StatementSkip Navigation Target's new app experience in ChatGPT will stand out by offering curated browsing, multi-item purchases in a single transaction, fresh food shopping and multiple fulfillment options MINNEAPOLIS, Nov. 19, 2025 /PRNewswire/ -- Target Corporation (NYSE: TGT) today announced that consumers will be able to discover and shop Target right inside ChatGPT, part of an effort to reimagine AI- powered shopping as a curated, conversational experience — and just in time for holiday ...

Net sales were 1.5% lower than 2024, and comparable sales declined 2.7%. Bottom line results Home / News & Features COMPANY Q3 2025 Results and Positioning Target for Its Next Chapter of Growth Nov 19, 2025| 5-minute read Copy link to share C- This morning, Target announced our third quarter 2025 earnings. Check out the full results and read on for a snapshot. Q3 2025 results were in line with our expectations Topline sales Adjusted EPS* of $1.78 was about 4% lower than last year, and GAAP EPS was $1.51. Gr ...

This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Dive Brief: After hinting at the experience in October, Target will launch a beta version of an app on OpenAI’s ChatGPT next week. The on-platform app will allow customers to make multi-item purchases, buy fresh food products and select from drive up, pick up or shipping fulfillment options, per a Wednesday press release. The mass retailer said consumers will be a ...

Target is grappling with another quarter of falling sales as US shoppers continue to rein in discretionary spending, weighing on the retailer's financial performance and prompting a cut to its full-ye... ...