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MINNEAPOLIS, May 21, 2025 – Target Corp (NYSE:TGT), a prominent player in the Consumer Staples Distribution & Retail industry with a market capitalization of $44.6 billion, disclosed the departure of two of its executive officers in a recent filing with the Securities and Exchange Commission. Christina Hennington, Executive Vice President and Chief Strategy and Growth Officer, will transition from her current role effective May 25 and will serve as a strategic advisor until September 7, 2025. Hennington’s departure is classified as an involuntary termination without cause, which entitles her to severance under the company’s Income Continuation Plan. She will also receive vesting of a portion of her long-term incentives.
Amy Tu, Executive Vice President and Chief Legal & Compliance Officer, is set to step down from her role as of May 21, 2025, with her employment ending on June 1, 2025. Similar to Hennington, Tu will be eligible for severance under the Income Continuation Plan due to involuntary termination without cause, alongside vesting of a portion of her long-term incentives.
The details of the transition agreements for both executives will be included in Target’s Quarterly Report on Form 10-Q for the fiscal quarter ending August 2, 2025. The company has not yet announced successors for the departing executives.
These leadership changes come as Target continues to navigate the retail landscape amidst evolving consumer habits and a competitive market. The departure of key executives often leads to shifts in corporate strategy and operations, although the full impact of these transitions on Target’s future initiatives remains to be seen.
Target Corporation, headquartered in Minneapolis, Minnesota, operates as a general merchandise retailer in the United States. The information reported is based on the company’s 8-K filing with the SEC.
In other recent news, Target Corporation has expanded its Target Circle 360 program, offering no price markups on same-day delivery across Shipt’s network of over 100 retailers and grocers. This enhancement aims to provide members with a more cost-effective shopping experience, including access to stores such as CVS, PetSmart, and Lowe’s (NYSE:LOW). Meanwhile, Barclays (LON:BARC) has adjusted its price target for Target to $102, citing a challenging first quarter and potential declines in transaction volumes. Telsey Advisory Group also revised its price target to $130, maintaining an Outperform rating, while noting concerns over softer consumer spending and increased costs. Citi analysts raised their price target to $97, retaining a Neutral stance, and highlighted weaker-than-expected first-quarter sales and earnings projections. Morgan Stanley (NYSE:MS) continues to rate Target as Overweight with a $160 price target, emphasizing the company’s undervalued position compared to peers despite potential execution challenges. These developments reflect a mix of strategic initiatives and cautious analyst outlooks for Target’s near-term financial performance.
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