Content about Target Corporation

January 24, 2014

Target is looking to open a new, smaller — much smaller — store in the base of an apartment building currently under construction near the University of Minnesota campus that will serve as a test for the new format dubbed TargetExpress, the New York Times has reported.

Clearly, the trend toward smaller continues. First it was Walmart Express and then CityTarget’s 80,000- to 125,000-sq.-ft. footprint, and now the even tinier TargetExpress. In fact, taking a look back at DSN’s “12 for 2012” story, which examined trends and issues impacting retail pharmacy in 2012, smaller formats were highlighted as one trend to watch. Obviously, it’s still one to watch.

Target is looking to open a new, smaller — much smaller — store in the base of an apartment building currently under construction near the University of Minnesota campus that will serve as a test for the new format dubbed TargetExpress, the New York Times has reported.

January 22, 2014

In light of the changing healthcare landscape due to healthcare reform, Target is discontinuing part-time health insurance coverage for its stores’ part-time associates, beginning April 1, according to a report in Target’s Bullseye View.

MINNEAPOLIS — In light of the changing healthcare landscape due to healthcare reform, Target is discontinuing part-time health insurance coverage for its stores’ part-time associates, beginning April 1, according to a report in Target’s Bullseye View.

January 17, 2014

Target has signed a lease to open a 20,000-sq.-ft. location in Minneapolis that will serve as a test of a new format called TargetExpress, the New York Times reported.

NEW YORK — Target Corp. has signed a lease to open a 20,000-sq.-ft. location in Minneapolis that will serve as a test of a new format called TargetExpress, the New York Times reported. The new unit, considerably smaller than CityTarget’s 80,000- to 125,000-sq.-ft. footprint, would be the chain’s smallest store to date.

January 14, 2014

The recent breach of customer data at Target has attracted the attention of two U.S. senators.

WASHINGTON — The recent breach of customer data at Target has attracted the attention of two U.S. senators.

January 14, 2014

Target is investing $5 million in a coalition of cyber-security organizations to launch a marketing campaign to educate the public about phishing scams and security, the mass merchandise retailer said.

MINNEAPOLIS — Target is investing $5 million in a coalition of cyber-security organizations to launch a marketing campaign to educate the public about phishing scams and security, the mass merchandise retailer said.

The coalition includes the National Cyber-Forensics and Training Alliance, the National Cyber Security Alliance and Better Business Bureaus.

January 13, 2014

Target is offering free credit monitoring for a year for customers who shop at its stores, the mass merchandise retailer said Monday.

MINNEAPOLIS — Target is offering free credit monitoring for a year for customers who shop at its stores, the mass merchandise retailer said Monday.

Target said it had contracted with ProtectMyID, a division of Experian, which will offer daily credit monitoring, identity theft insurance and access to assistance from fraud resolution agents, as well as a complimentary credit report. Customers have until April 23 to request an activation code, and then until April 30 to register for credit monitoring through ProtectMyID.

January 13, 2014

Supervalu on Monday elected retail executive Gerald Storch as the company’s new chair of its board of directors.

MINNEAPOLIS — Supervalu on Monday elected retail executive Jerry Storch as the company’s new chair of its board of directors. The appointment comes after Robert Miller, who served as chairman Supervalu since March 2013, announced he would resign his chairman position to focus on other demands.

January 10, 2014

Customers' mailing addresses, names, phone numbers and email addresses were among the data stolen as part of a massive breach of payment card data at Target, the mass merchandise retailer said Friday.

MINNEAPOLIS — Customers' mailing addresses, names, phone numbers and email addresses were among the data stolen as part of a massive breach of payment card data at Target, the mass merchandise retailer said Friday.

Target said the information stolen, affecting as many as 70 million people, was not a new breach, but was uncovered as part of the investigation of the original breach, which took place between Nov. 27 and Dec. 15 and resulted in the theft of payment card data from about 40 million customers.

December 27, 2013

Despite concerns about the performance of its new Canadian division expressed in the wake of its third-quarter earnings last month, Target said it received quite a lot of shoppers on Boxing Day.

MISSISSAUGA, Ontario — Despite concerns about the performance of its new Canadian division expressed in the wake of its third-quarter earnings last month, Target said it received quite a lot of shoppers on Boxing Day.

December 27, 2013

A national gay-rights organization has given Walgreens top marks for its practices related to gay, lesbian, bisexual and transgender people.

DEERFIELD, Ill. — A national gay-rights organization has given Walgreens top marks for its practices related to gay, lesbian, bisexual and transgender people.

In its 2014 Corporate Equality Index, the Human Rights Campaign Foundation gave the Deerfield, Ill.-based retail pharmacy chain a "perfect" score of 100. 2014 is the ninth year that Walgreens has won a perfect score.

December 26, 2013

Another key area, in which the learnings of ExtraCare are helping to inform the overall CVS Caremark retail strategy and personalize the shopping experience is in the way CVS Caremark designs and merchandises its stores.

Another key area, in which the learnings of ExtraCare are helping to inform the overall CVS Caremark retail strategy and personalize the shopping experience is in the way CVS Caremark designs and merchandises its stores.

December 23, 2013

The chief executive of Target is reaching out to consumers in the wake of the widespread hacking of credit and debit card data at Target stores that the company confirmed last week.

MINNEAPOLIS — The chief executive of Target is reaching out to consumers in the wake of the widespread hacking of credit and debit card data at Target stores that the company confirmed last week.

In a statement on the mass-merchandise retailer's website, president, chairman and CEO Gregg Steinhafel sought to ameliorate customers' worries about the possibility that their cards were compromised. He emphasized that the issue had been "identified and eliminated," while the retailer extended a 10% discount to customers who shopped at its stores on Saturday and Sunday.

December 19, 2013

About 40 million credit and debit card accounts of Target customers were compromised between late November and the middle of this month, the mass merchandise retailer said Thursday.

MINNEAPOLIS — About 40 million credit and debit card accounts of Target customers were compromised between late November and the middle of this month, the mass merchandise retailer said Thursday.

Target confirmed earlier reports from the online security blog Krebs on Security that the company experienced a breach affecting nearly all of its stores. The breach was initially thought to have started the day before Thanksgiving and ended on Dec. 6, but investigators later found that it had lasted until Sunday.

December 18, 2013

As consumers are reaching the final days to squeeze in their holiday shopping, Target has announced some last-minute deals.

MINNEAPOLIS — As consumers are reaching the final days to squeeze in their holiday shopping, Target has announced some last-minute deals.

Guests using Cartwheel, the retailer's unique savings program, can take advantage of a one-day sale on Dec. 19 when around 40 great gift items — ranging from toys to cookware — will have special offers with discounts ranging from 10% to 60% off. Cartwheel has gained more than 1 million new users this season alone, putting the number of guests signed up for the program at 4 million.

December 6, 2013

Target has introduced a section of its website that features products popular on Pinterest.

NEW YORK — Target has introduced a section of its website that features products popular on Pinterest.

The Target Awesome Shop includes products from several lines, including beauty, each of which is among those most-pinned on Pinterest in the last few days, but only if they have at least a four-star guest review.

The website is currently in beta testing and was put together "in a matter of a few weeks" by Target's Rapid Accelerated Development team, a small group of digital experts working for the company.

 

December 5, 2013

The Environmental Protection Agency has recognized Target for its efforts to reduce its carbon emissions, the agency said.

NEW YORK — The Environmental Protection Agency has recognized Target for its efforts to reduce its carbon emissions, the agency said.

According to the EPA, Target's technology center engineering team singlehandedly reduced the company's carbon emissions by 18,000 tons since 2006 and is committed to having 75% of Target buildings certified by the agency's Energy Star program by 2016.

December 2, 2013

Rite Aid announced Monday the promotion of Karen Staniforth to group VP pharmacy initiatives and clinical services from her current position of VP pharmacy for the chain's mid-Atlantic division. In her new position, Staniforth will oversee the company's strategy around the Wellness Ambassadors, specially trained staff who walk the aisles of the stores and provide information on health and wellness products and programs, as well as serve as a "bridge" between the front end and the pharmacy.

From the beginning, Wellness Ambassadors have been a crucial part of Rite Aid's Wellness store remodel program, and early on, John Standley, its chairman and CEO, noted that Wellness stores with Wellness Ambassadors showed stronger sales than those without them. As of the chain's second-quarter 2014, the results of which it announced in September, there were 1,700 Wellness Ambassadors at 1,019 stores.

Rite Aid announced Monday the promotion of Karen Staniforth to group VP pharmacy initiatives and clinical services from her current position of VP pharmacy for the chain's mid-Atlantic division. In her new position, Staniforth will oversee the company's strategy around the Wellness Ambassadors, specially trained staff who walk the aisles of the stores and provide information on health and wellness products and programs, as well as serve as a "bridge" between the front end and the pharmacy.

November 26, 2013

Canada's Thanksgiving happened last month, and its major day of frenzied holiday shopping traditionally happens on Boxing Day, the day after Christmas, but Black Friday shopping has been making waves up there in recent years as well.

MISSISSAUGA, Ontario — Canada's Thanksgiving happened last month, and its major day of frenzied holiday shopping traditionally happens on Boxing Day, the day after Christmas, but Black Friday shopping has been making waves up there in recent years as well.

Target said it would be "pulling out all the stops" to offer customers at its Canadian stores deals for the holiday, opening stores at 7 a.m. and closing at 11 p.m., offering discounts on products like high-definition televisions, digital cameras, clothing and accessories, toys and kitchen appliances.

November 25, 2013

Target Corp. has donated $50,000 to assist in relief efforts in the Midwest following a devastating tornado outbreak there earlier this month.

MINNEAPOLIS — Target Corp. has donated $50,000 to assist in relief efforts in the Midwest following a devastating tornado outbreak there earlier this month.

The mass-merchandise retailer's donation includes $45,000 in cash to the American Red Cross and $5,000 to non-profit organizations for relief efforts in Illinois, Indiana, Kentucky, Michigan and Missouri. In addition, all Target stores in affected areas will remain open.

November 21, 2013

Target Corp. posted sales of $17.3 billion in third-quarter 2013, a 4% increase over the same period last year, and a $341 million profit, down by 46.4% from a year ago, the mass merchandise retailer said Thursday.

MINNEAPOLIS — Target Corp. posted sales of $17.3 billion in third-quarter 2013, a 4% increase over the same period last year, and a $341 million profit, down by 46.4% from a year ago, the mass merchandise retailer said Thursday.

The results from the quarter reflected a earnings-per-share dilution of 29 cents related to the chain's new Canadian segment. Same-store sales in the U.S. segment grew by 0.9%, near the low end of the company's fiscal 2013 guidance, while total sales were $16.9 billion, up 2% from third-quarter 2012's $16.6 billion.

November 15, 2013

Rite Aid is testing a revamped beauty section in at least one of its Genuine Well Being stores, in New York's West Village. Dubbed Beauty Vision, the section features a wider assortment of brands, a spruced-up look and a Beauty Vision adviser who can help customers learn about various brands and products. The chain is promoting the new concept with a special event on Tuesday featuring Eddie Funkhouser, creator of the eponymous cosmetic brand.

Assuming president Obama's healthcare reform initiative works out - notwithstanding the rough start it's had so far - and tens of millions of uninsured Americans get healthcare coverage, it's going to mean a lot of potential new customers for pharmacy retailers. But while that will drive script count and get people through the door, it will also drive pharmacy margins down. This means retailers will need to do more to make themselves stand out in the front end, and one of the best ways to do that is with beauty.

DSN took a close look at Rite Aid's new beauty concept this week. See it for yourself.

Rite Aid is testing a revamped beauty section in at least one of its Genuine Well Being stores, in New York's West Village. Dubbed Beauty Vision, the section features a wider assortment of brands, a spruced-up look and a Beauty Vision adviser who can help customers learn about various brands and products. The chain is promoting the new concept with a special event on Tuesday featuring Eddie Funkhouser, creator of the eponymous cosmetic brand.

November 15, 2013

Following a successful test run last summer, Target has announced the expansion of its Beauty Concierge program to nearly 100 stores in three metro areas across the country — making the program now available in nearly 300 Target locations nationwide.

Why is this important? Customers want an experience when shopping. And getting customers more engaged in product and experience with "brand-agnostic experts" is a safe bet.

Following a successful test run last summer, Target has announced the expansion of its Beauty Concierge program to nearly 100 stores in three metro areas across the country — making the program now available in nearly 300 Target locations nationwide.

Why is this important? Customers want an experience when shopping. And getting customers more engaged in product and experience with "brand-agnostic experts" is a safe bet.

November 15, 2013

Target Corp. is donating $100,000 to relief efforts in the Philippines following Typhoon Haiyan, the mass merchandise retailer said.

MINNEAPOLIS — Target Corp. is donating $100,000 to relief efforts in the Philippines following Typhoon Haiyan, the mass merchandise retailer said.

Target said it would make the donation to Save the Children, which is working in affected areas to provide support.

"We are deeply saddened by the devastation in the Philippines," Target president and CEO Gregg Steinhafel said. "We hope our donation to Save the Children will provide critical resources and relief to children and families in the Philippines as they recover from Typhoon Haiyan."

November 15, 2013

Walmart managed to achieve its third-quarter profit target despite reporting weaker than expected U.S. sales, which prompted the company to issue a tepid outlook for fourth-quarter sales at Walmart U.S. stores and Sam’s Club units.

Walmart managed to achieve its third-quarter profit target despite reporting weaker than expected U.S. sales, which prompted the company to issue a tepid outlook for fourth-quarter sales at Walmart U.S. stores and Sam’s Club units.

November 13, 2013

Target has expanded its Beauty Concierge program in three metropolitan areas across the country, the mass-merchandise retailer said Wednesday.

MINNEAPOLIS — Target has expanded its Beauty Concierge program in three metropolitan areas across the country, the mass-merchandise retailer said Wednesday.

The company said it implemented the program at 95 stores in New York and New Jersey, the San Francisco Bay Area and Dallas-Fort Worth. Stores are staffed with a beauty concierge, a specially trained, brand-agnostic assistant who answers customers' questions in the store and provides personalized, detailed and unbiased information about beauty and personal care products.