
Yum! Brands Names Target CEO as Chairman
Yum! Brands appoints Target CEO Brian Cornell as non-executive chairman, succeeding retiring chairman Robert Walter.
Target is a company in Burnaze's franchise knowledge graph, mentioned since 1969. 207 stories link here, each summarized from the original publisher. - Target is opening eight new stores in October as part of its goal to launch over 300 new stores by 2035, following the recent opening of its 2,000th store earlier this year and a strong Q2 performance [[36a951]] - After a 3.8% year‑over‑year sales decline in Q3 2025, Target replaced its CEO and announced a cut of roughly 500 jobs to redirect resources to frontline store workers [[47304d]] - Target joined other retailers such as Walmart and AMC in rolling out “Quiet Hours,” a sensory‑friendly shopping period that lowers music, dims screens, and reduces distractions [[229344]] - In July, Target opened 11 new large‑format stores across 10 states, moving toward its target of 30 new stores in 2026 and 300 by 2035 [[bd13c9]] - Target hired former Walmart executive Jeff England as EVP and chief global supply‑chain and logistics officer, reinforcing a $6 billion capital‑expenditure plan to boost supply‑chain capabilities [[07c7e7]] Filed under Retail / Specialty retail.

Yum! Brands appoints Target CEO Brian Cornell as non-executive chairman, succeeding retiring chairman Robert Walter.

The 2018 Multi-Brand 50 ranking of the largest U.S. franchisees that operate more than one brand was published by franchise update media each spring.

The article discusses the importance of planning and budgeting for marketing campaigns in the new year.

Gary Hirth prepares to pass his Batteries Plus Bulbs business to his son Jeff, who has worked as a district facilities manager for Target.

MOOYAH Burgers, Fries & Shakes shares its franchise development website guide, emphasizing the importance of market availability, recent news, and franchisee testimonials.

Each year we work with FRANdata to compile a list of the country’s largest multi-unit franchisee organizations.

The U.S. Supreme Court will hear the case South Dakota v. Wayfair, Inc., which could affect the future of online commerce and determine if states can collect internet sales taxes.

Runyon says that to become a big brand, franchisors need “proven consumer appeal, a business model that reduces human variability through automation and repeatable processes in a steady or growing sector.”

The CEO of Target explains why online shopping alone won't cut it for retail brands and emphasizes the importance of investing in brick and mortar locations.

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Saladworks commits to innovation and uniform branding across its franchise system, leading to increased growth and sales.

The bird feeding industry has seen significant growth through franchising, with Wild Birds Unlimited being a successful example.

Target is acquiring Shipt, a same-day delivery service platform, for $550 million to enhance its online shopping capabilities.

Franchise Business Review has partnered with 1851 Franchise to identify the top leaders in the franchising industry.

Working for enterprise level companies in the past taught me a great deal about what I do.

Freshii closes 18 locations in Target stores due to disappointing sales, and is expected to open 90 to 95 new locations this year.

Walmart is testing a new service with August Home to deliver groceries directly to customers' refrigerators.

Nordstrom launches a new line of stores called Nordstrom Local focusing on experiences over merchandise, with eight dressing rooms and personal stylists.

Air Canada begins offering Freshii meals on its flights, providing passengers with a healthy and convenient food option.

No Limit Agency hires Bryan Van Dyke as President, a former managing director of Razorfish.

Amazon closes its purchase of Whole Foods for $13.7 billion, with immediate changes affecting customers and the retail industry, including lower prices and in-store benefits for Prime members.

Chipotle releases new app with mobile ordering to enhance customer experience and stay competitive.

Target is testing a next-day delivery service to compete with Amazon, allowing REDcard holders to easily order household items and dry goods.

The service is currently being tested with employees and is expected to have a soft launch this summer.