Content about Target Corporation

November 18, 2011

Almost 2-in-5 people plan to shop Cyber Monday — the Monday after Thanksgiving when online retailers historically offer steep discounts and special promotions — according to a Consumer Pulse study of more than 1,400 U.S. consumers conducted by Boston-based custom research firm Chadwick Martin Bailey and iModerate Research Technologies that was released Friday.

BOSTON — Almost 2-in-5 people plan to shop Cyber Monday — the Monday after Thanksgiving when online retailers historically offer steep discounts and special promotions — according to a Consumer Pulse study of more than 1,400 U.S. consumers conducted by Boston-based custom research firm Chadwick Martin Bailey and iModerate Research Technologies that was released Friday.

November 16, 2011

Profits at Target grew 10.2% to 82 cents in the third quarter, compared with 74 cents the prior year, thanks to healthy sales growth and ongoing improvement in the company’s credit card business.

MINNEAPOLIS — Profits at Target grew 10.2% to 82 cents in the third quarter, compared with 74 cents the prior year, thanks to healthy sales growth and ongoing improvement in the company’s credit card business.

November 15, 2011

American Express has announced the launch of the American Express for Target card, a reloadable prepaid card with no monthly or maintenance fees, available exclusively at more than 1,000 U.S. Target stores.

NEW YORK — American Express has announced the launch of the American Express for Target card, a reloadable prepaid card with no monthly or maintenance fees, available exclusively at more than 1,000 U.S. Target stores.

November 15, 2011

Target is bringing its smaller-format store to the Los Angeles metropolitan area.

MINNEAPOLIS — Target is bringing its smaller-format store to the Los Angeles metropolitan area.

The 98,000-sq.-ft. CityTarget, which will be located in Westwood, Calif., will open in July 2012. It is the second store of its kind confirmed in the area, with the first being open in October 2012 in downtown Los Angeles.

Target currently has 58 other stores in Los Angeles.

November 8, 2011

Target shoppers have a new incentive for joining the retailer's REDcard Rewards loyalty program: free shipping on Target.com.

MINNEAPOLIS — Target shoppers have a new incentive for joining the retailer's REDcard Rewards loyalty program: free shipping on Target.com.

What's more, Target debit cards now can be used on Target.com, the company said.

November 1, 2011

The unexpected announcement that Target EVP and CFO Doug Scovanner will retire on March 31, 2012, has investors speculating about the reasons for his departure following the recent exit of other key executives.

MINNEAPOLIS — The unexpected announcement that Target EVP and CFO Doug Scovanner will retire on March 31, 2012, has investors speculating about the reasons for his departure following the recent exit of other key executives.

Analysts at Bernstein Research pointed to the fact that no successor has been named, suggesting that the retirement was not a long-planned event. However, the firm said it believed that despite the unexpected news, this appeared to be a true retirement and doesn't anticipate seeing Scovanner in a CFO role at another major company.

October 31, 2011

Target is getting an early jump on Black Friday this year, announcing that it will open its stores at midnight on Nov. 25.

MINNEAPOLIS — Target is getting an early jump on Black Friday this year, announcing that it will open its stores at midnight on Nov. 25.

“The holidays bring hectic schedules and tight budgets, so extending store hours and offering lots of additional ways to save makes Target a great choice for affordable, one-stop holiday shopping,” Target EVP stores Tina Schiel said.

October 27, 2011

Target has partnered with U.K. beauty expert Maria Hatzistefanis and now is carrying her Nip + Fab beauty brand in Target stores and online at Target.com.

MINNEAPOLIS — Target has partnered with U.K. beauty expert Maria Hatzistefanis and now is carrying her Nip + Fab beauty brand in Target stores and online at Target.com.

Launched in 2010 and previously available only across the pond, Nip + Fab is now available in the United States through its partnership with Target.

Beauty mavens can select from 14 different Nip + Fab skin solutions and body blends, including Nip + Fab Tummy Fix, Nip + Fab Pigmentation Fix and Nip + Fab Dark Circle Fix.

Hatzistefanis also has created the Rodial beauty brand.

October 14, 2011

Target announced that Steve Eastman, president of Target.com, left the retailer to pursue other opportunities. Eastman’s departure follows a late August relaunch of Target.com.

MINNEAPOLIS  — Target announced that Steve Eastman, president of Target.com, left the retailer to pursue other opportunities. Eastman’s departure follows a late August relaunch of Target.com.

The relaunch process did not go smoothly as Target brought its online operations in-house after a lengthy relationship with Amazon.com. Target’s goal was to reinvent the online environment and create a user-friendly and reliable experience, but that proved not to be the case initially as critics panned the site design and there were difficulties with functionality.

October 12, 2011

The Network of Executive Women has elected five new members at large to its board of directors.

CHICAGO — The Network of Executive Women has elected five new members at large to its board of directors.

New board members are Mike Byron, president of supplier diversity for Supervalu; Sarah Chartrand, SVP diversity, talent management and organizational development for Ahold USA; Marnette Perry, SVP Kroger; Suzanne Sears, VP global market development at Kimberly-Clark; and Karen Stuckey, SVP merchandising and general merchandise manager of the home division for Walmart Stores.

October 7, 2011

The news that Shoppers Drug Mart has appointed former McKesson Canada executive Domenic Pilla as its new president and CEO not only is significant news in its own right, but also is important as Pilla will inherit a chain that is wrestling with the impact of drug reforms in several provinces and faces its share of competitive challenges.

WHAT IT MEANS AND WHY IT'S IMPORTANT — The news that Shoppers Drug Mart has appointed former McKesson Canada executive Domenic Pilla as its new president and CEO not only is significant news in its own right, but also is important as Pilla will inherit a chain that is wrestling with the impact of drug reforms in several provinces and faces its share of competitive challenges.

October 6, 2011

Target is the latest in a line of retailers to put out a list of what it thinks will be the top toys of the holiday season.

MINNEAPOLIS — Target is the latest in a line of retailers to put out a list of what it thinks will be the top toys of the holiday season. Many of Target's hottest toys, including FIJIT friends and the LeapFrog branded LeapPad, are also on toy lists for Toys"R"Us, Kmart and Walmart.

October 6, 2011

Target reported a moderately better-than-expected 5.3% same-store sales increase for September that was driven by broad-based gains in all categories and geographic regions, the company reported Thursday.

MINNEAPOLIS — Target reported a moderately better-than-expected 5.3% same-store sales increase for September that was driven by broad-based gains in all categories and geographic regions, the company reported Thursday. The increase was almost entirely due to larger average transaction sizes and came on top of a prior year increase of 1.3%. The company also noted that customer traffic as measured by comparable-store transaction increase a little more than 1%.

October 3, 2011

Michael Francis, Target's EVP and chief marketing officer, and the person charged with leading the retailer's expansion into Canada, has left the company, Target announced Monday.

MINNEAPOLIS — Michael Francis, Target's EVP and chief marketing officer, and the person charged with leading the retailer's expansion into Canada, has left the company, Target announced Monday.

“We would like to thank Michael for his many contributions and wish him the best in his future endeavors” said Target chairman, president and CEO Gregg Steinhafel said.

September 27, 2011

Target is encouraging consumers having a tough time selecting a Halloween costume this year to let their friends decide.

MINNEAPOLIS — Target is encouraging consumers having a tough time selecting a Halloween costume this year to let their friends decide.

The retailer has launched a Facebook application through which Facebook fans can create a poll via "Ask Your Friends: Halloween Edition." The app allows users to select up to four costumes to be voted on. Selections can be made for men, women, kids, infant and toddler, as well as pets.

September 15, 2011

Target's just-released Missoni collection resonated so well with consumers that the demand for the line lead to the crashing of Target's website on Tuesday.

MINNEAPOLIS — Target's just-released Missoni collection resonated so well with consumers that the demand for the line lead to the crashing of Target's website on Tuesday. Various newspapers reported that the collection was flying off the shelves of stores, and that some stores were sold out within minutes.

Target posted a note on its website: "Woof! We are suddenly extremely popular. You may not be able to access our site momentarily due to unusually high traffic. Please stay here and we'll try to get you in as soon as we can!"

September 12, 2011

Target has assisted Texas wildfire relief efforts by donating $60,000.

MINNEAPOLIS — Target has assisted Texas wildfire relief efforts by donating $60,000.

Target said that a $25,000 cash donation was made to the American Red Cross with the additional cash and product donations — including 12,000 bottles of water, 3,600 bottles of Gatorade, 500 boxes of snacks, clothing, diapers, toiletries and bedding — made to other nonprofit organizations in the Texas area.

September 6, 2011

Target announced its commitment to assist with Hurricane Irene relief efforts through a donation totaling $250,000 in cash and products.

MINNEAPOLIS — Target announced its commitment to assist with Hurricane Irene relief efforts through a donation totaling $250,000 in cash and products.

The retailer said that the donations will be distributed among such relief agencies as the American Red Cross and the Salvation Army. What's more, Target also is giving gift cards and 10,000 relief kits — which include bottled water, soap, deodorant, toothpaste and nonperishable food items — to several local, regional and national nonprofits.

August 31, 2011

Target has announced new beauty exclusives that are hitting shelves for fall 2011.

MINNEAPOLIS — Target has announced new beauty exclusives that are hitting shelves for fall 2011.

Hair accessories brand Goody is bringing exclusively to Target in October its fall Regency collection, which features 32 pieces, including headbands, hairpins, clips and elastics. Prices range from $2.19 to $8.99.

Highlights of new offerings include:

  • Ruched Flower Salon Clips ($5.99)

  • Infinity Beaded Head Wrap ($6.99)

  • Metal Flower Salon Clip ($6.99)

August 29, 2011

Economic troubles and an interest in saving money are just two of the growing number of reasons why it behooves nontraditional retailers to start thinking about offering fresh food in their stores, especially pharmacy retailers.

WHAT IT MEANS AND WHY IT'S IMPORTANT — Economic troubles and an interest in saving money are just two of the growing number of reasons why it behooves nontraditional retailers to start thinking about offering fresh food in their stores, especially pharmacy retailers.

(THE NEWS: Food trips to nontraditional stores — mass, dollar, drug — on rise. For the full story, click here)

August 24, 2011


Retailers, expecting thrifty behavior from consumers, are starting the back-to-school season with early promotions. “Retailers are already running door-buster promotions,” said Perry Smith, an analyst with the NPD Group.


Retailers, expecting thrifty behavior from consumers, are starting the back-to-school season with early promotions. “Retailers are already running door-buster promotions,” said Perry Smith, an analyst with the NPD Group. “The consumer has been holding out for last-minute shopping hoping for the best deals. In some cases, people are shopping after school starts.”


August 24, 2011

Specialty retailer GNC on Tuesday announced it has agreed to acquire LuckyVitamin.com, an online discount retailer of branded nutritional supplements.

PITTSBURGH — Specialty retailer GNC on Tuesday announced it has agreed to acquire LuckyVitamin.com, an online discount retailer of branded nutritional supplements.

The acquisition is being funded with cash on hand, and is expected to close within 30 days, subject to customary closing conditions, GNC stated.

Terms of the deal were not disclosed.

August 24, 2011

Meijer announced that it has opened a new, smaller-format grocery store in the Chicago area.

GRAND RAPIDS, Mich. — Meijer announced that it has opened a new, smaller-format grocery store in the Chicago area.

The 90,000-sq.-ft. Meijer Marketplace store in Melrose Park will feature national and Meijer brand grocery items, along with a full-service pharmacy offering a variety of national and Meijer brand health and beauty products, the company reported.

August 17, 2011

Customers can save on back-to-school shopping by trading in used electronics and video games for store credit, Target said.

MINNEAPOLIS — Customers can save on back-to-school shopping by trading in used electronics and video games for store credit, Target said.

The mass merchandiser said it expanded its Electronics Trade-In service to 1,490 stores with Target Mobile centers, and also added new product categories. The chain offers the program under a partnership with consumer electronics upgrade and trade-in company NextWorth, giving customers credit in return. The service is accepting calculators, DVDs, video games, Nintendo DS units, cell phones, iPods and iPads.

August 15, 2011

Target is adding fresh, handmade food to its small-format store in Chicago, the mass merchandiser said.

MINNEAPOLIS — Target is adding fresh, handmade food to its small-format store in Chicago, the mass merchandiser said.

Target announced that Pret A Manger would open a location inside the State Street CityTarget when the store opens next July. The London-based café chain sells sandwiches, soups, salads, coffee and other items, and operates stores in several U.S. and U.K. cities and Hong Kong.