Content about Target Corporation

March 22, 2013

About $209.3 million worth of Target's debt has been put up for sale as the company moves to refinance $679 million worth of debt due between 2028 and 2031, the mass merchandise retailer said.

MINNEAPOLIS — About $209.3 million worth of Target Corp.'s debt has been put up for sale as the company moves to refinance $679 million worth of debt due between 2028 and 2031, the mass merchandise retailer said.

Target announced plans to purchase $170 million in 6.75% debentures due 2028, $154.9 million in 6.65% debentures due 2028 and $354 million in 7% debentures due 2031.

The company said the $209.3 million tendered so far represented 20.31%, 25.22% and 38.32% of the totals of the three respective security titles.

 

March 20, 2013

Google is looking to launch a competitor to Amazon Prime, according to published reports.

NEW YORK — Google is looking to launch a competitor to Amazon Prime, according to published reports.

TechCrunch reported that Google was dogfooding a service called Google Shopping Express, which would offer same-day delivery from brick-and-mortar stores in the San Francisco Bay Area, but so far only to Google employees. Target, Nob Hill Foods and Babies'R'Us have been named as possible partners in the service, as well as five other stores in the area.

March 18, 2013

Target Corp. is opening 17 new stores in Canada's Ontario province Tuesday and four more on March 28, the mass merchandise retailer said Monday.

MISSISSAUGA, Ontario — Target Corp. is opening 17 new stores in Canada's Ontario province Tuesday and four more on March 28, the mass merchandise retailer said Monday.

Target said the soft openings follow the launch of three pilot stores and will allow the company to engage in volume testing ahead of their April grand opening. The company plans to open 124 stores across Canada this year.

March 15, 2013

Target has purchased two online retailers of cooking equipment in a move designed to expand its cooking and kitchenware business, said the mass merchandise retailer, which has lately made major investments in multichannel retailing.

MINNEAPOLIS — Target Corp. has purchased two online retailers of cooking equipment in a move designed to expand its cooking and kitchenware business, said the mass merchandise retailer, which has lately made major investments in multichannel retailing.

Target announced the purchase of Cooking.com and CHEFS Catalog, both of which will continue to operate under their current names as a single, wholly owned subsidiary of Target. Financial terms of the deals were not disclosed.

March 14, 2013

Target has sold its consumer credit card portfolio to TD Bank Group for $5.7 billion, the mass merchandise retailer said.

MINNEAPOLIS — Target Corp. has sold its consumer credit card portfolio to TD Bank Group for $5.7 billion, the mass merchandise retailer said.

March 13, 2013

Oral care company Orabrush has announced Target as the most recent retailer to carry its patented tongue cleaner and tongue foam nationwide. Orabrush’s oral care products are sold in more than 30,000 retail stores worldwide.

PROVO, Utah — Oral care company Orabrush has announced Target as the most recent retailer to carry its patented tongue cleaner and tongue foam nationwide. Orabrush’s oral care products are sold in more than 30,000 retail stores worldwide.

Orabrush's tongue cleaner features individual, ultra-soft bristles that are designed to reach deep into the uneven crevices of the tongue to loosen bad-breath-causing bacteria, as well as a scraper that removes the bacteria and residue from the tongue.

March 13, 2013

Target is expanding its retail clinic presence in the Chicago area, according to published reports.

NEW YORK — Target is expanding its retail clinic presence in the Chicago area, according to published reports.

The Chicago Tribune reported Wednesday that the mass merchandise retailer would open three clinics — two in the suburbs and one in the city. Construction is scheduled to start on May 28, and grand openings are planned for Aug. 18. The Target on Division Street, scheduled to open in October, will also have a clinic.

March 11, 2013

Red Carpet Manicure, a maker of an at-home LED gel manicure system, has announced a new partnership with Target.

HAUPPAUGE, N.Y. — Red Carpet Manicure, a maker of an at-home LED gel manicure system, has announced a new partnership with Target.
 
Available in Target stores and online at Target.com are the LED gel manicure products, including the removal kit and LED professional light. Twenty on-trend shades will be available nationwide, including Star Power and White Hot perfect for spring and summer style, and Ooo La Liscious, which was worn by Rihanna at the 2013 Grammy Awards.
 


March 8, 2013

It has been just over a year since Frank Scorpiniti took the helm at Canada's Rexall Pharma Plus. And, as the Canadian retail market continues to heat up, the company has officially taken the lid off a reinvention of its business, from its stores and its brand, to the products and services in its stores.

It has been just over a year since Frank Scorpiniti took the helm at Canada's Rexall Pharma Plus. And, as the Canadian retail market continues to heat up, the company has officially taken the lid off a reinvention of its business, from its stores and its brand, to the products and services in its stores.

March 6, 2013

Fast Company magazine and Target Corp. are sponsoring a competition to develop a new mobile experience for Target, with a grand prize of $75,000.

NEW YORK — Fast Company magazine and Target are sponsoring a competition to develop a new mobile experience for Target, with a grand prize of $75,000.

The Co.Labs and Target Retail Accelerator is a competition to create either a mobile app or a mobile-enabled website design for the retailer, taking places at the Fast Co. Grill in Austin, Texas, blocks away from the SXSW conference. Entries will be accepted between this Friday and April 30, and seven finalists will be selected in May and awarded $10,000 to develop their prototypes.

March 4, 2013

Target will open its first locations in Canada on Tuesday, the mass-merchandise retailer said.

MISSISSAUGA, Ontario — Target will open its first locations in Canada on Tuesday, the mass merchandise retailer said.

February 27, 2013

Target is planning a rollout in Canada that will be bigger than any single year's worth of its store openings in the United States ever, executives of the company said Wednesday morning in a call with Wall Street analysts to discuss the mass merchandise retailer's fourth-quarter and full-year 2012 results.

MINNEAPOLIS — Target is planning a rollout in Canada that will be bigger than any single year's worth of its store openings in the United States ever, executives of the company said Wednesday morning in a call with Wall Street analysts to discuss the mass merchandise retailer's fourth-quarter and full-year 2012 results.

February 26, 2013

Several pharmacy retailers got top place in a recent consumer satisfaction survey.

ANN ARBOR, Mich. — Several pharmacy retailers got top place in a recent consumer satisfaction survey.

A report released Tuesday by the American Customer Satisfaction Index ranked Rite Aid at the top among drug store chains, with a score of 77, a 3% improvement over last year. Walgreens gained 1%, for a score of 76, while CVS ranked 75, a 3% gain. The survey noted that CVS hit a low two years ago due to cost-cutting efforts.

February 25, 2013

Target will open a new store in East Kendall, Fla., one of the 18 it plans to open this year in the United States, the mass merchandise retailer said.

MINNEAPOLIS — Target will open a new store in East Kendall, Fla., one of the 18 it plans to open this year in the United States, the mass merchandise retailer said.

The 173,000-square-foot store will include a variety of products, including fresh produce, fresh packaged meat and pre-packaged baked goods.

"Target is excited to open our new store in October," Target VP stores for the southern region Sid Keswani said. "We look forward to deepening our commitment to south Florida, our guests and team members there."

February 14, 2013

Target has a deal with pop music group Mindless Behavior to let fans write lyrics for the band, the mass merchandise retailer said.

MINNEAPOLIS — Target has a deal with pop music group Mindless Behavior to let fans write lyrics for the band, the mass merchandise retailer said Thursday.

The contest, called "Your Lyrics, Their Voices," gives fans the opportunity to write their own song lyrics for a verse of a special fan edition of the title track for the album "All Around the World."

February 11, 2013

Target is selling a special edition of Justin Timberlake's new studio album, the mass-merchandise retailer said.

MINNEAPOLIS — Target is selling a special edition of Justin Timberlake's new studio album, the mass-merchandise retailer said Monday.

Target said its edition of Timberlake's album, "The 20/20 Experience," would feature two bonus tracks, "Dress On" and "Body Count."

February 7, 2013

Despite continuing to face regulatory headwinds in the Canadian market, executives at Canadian pharmacy retailer Shoppers Drug Mart were “pleased” with fourth-quarter results and indicated that the company will continue to pursue acquisition opportunities.

TORONTO — Despite continuing to face regulatory headwinds in the Canadian market, executives at Canadian pharmacy retailer Shoppers Drug Mart were “pleased” with fourth-quarter results and indicated that the company will continue to pursue acquisition opportunities.

February 7, 2013

Target reported net sales of nearly $6 billion in January, the company said, a 29.6% increase over January 2012.

MINNEAPOLIS — Target Corp. reported net sales of nearly $6 billion in January, the company said Thursday.

The mass merchandise retailer reported sales of $5.97 billion, a 29.6% increase over the $4.6 billion reported in January 2012. Comps for the period, which ended Saturday, increased 3.1%.

February 5, 2013

Target has made its REDcard cards available for customers at its Canadian stores, the mass merchandise retailer said.

TORONTO — Target has made its REDcard cards available for customers at its Canadian stores, the mass merchandise retailer said.

January 28, 2013

YouGov's BrandIndex has named 25 brands to its "2012 Annual US Top Buzz Rankings," YouGov said.

NEW YORK — YouGov's BrandIndex has named 25 brands to its "2012 Annual US Top Buzz Rankings," YouGov said.

The index measures public perception of thousands of brands based on interviews with thousands of consumers every day, with more than 2.5 million interviews every year.

January 28, 2013

Target will dedicate about 10,000 sq. ft. at nine of its stores in the Detroit area to fresh groceries, the mass merchandise chain said Monday.

MINNEAPOLIS — Target will dedicate about 10,000 sq. ft. at nine of its stores in the Detroit area to fresh groceries, the mass merchandise chain said Monday.

The company said the remodeling effort was part of its ongoing effort to remodel stores across the country, and the new layout also would include reinventions in departments such as beauty, home, shoes and baby. Fresh foods will include produce, packaged meat and prepackaged baked goods, as well as frozen and dry food offerings.

January 8, 2013

Target Corp. has launched a campaign to price match online retailers, the mass-merchandise retailer said.

MINNEAPOLIS — Target Corp. has launched a campaign to price match online retailers, the mass-merchandise retailer said Tuesday.

The Minneapolis-based retailer said it planned to price match online retailers like Amazon.com, Walmart.com, BestBuy.com and Toysrus.com year-round; Target stores would also price match items on the company's own website.

December 17, 2012

Target has launched new products and a co-pay assistance program for customers with diabetes, the mass merchandise retailer said.

NEW YORK — Target has launched new products and a co-pay assistance program for customers with diabetes, the mass merchandise retailer said.

Target announced the release of new blood glucose meters and test strips. The retailer also offers products like alternative site lancets, alcohol prep pads and diabetic nutritional shakes.

The company also announced the launch of a $4 co-pay assistance program, as well as a free private-label blood glucose meter for customers who qualify for the program.

December 14, 2012

Commuters in Philadelphia who have forgotten to go holiday shopping may want to head to their nearest bus stop.

PHILADELPHIA — Commuters in Philadelphia who have forgotten to go holiday shopping may want to head to their nearest bus stop.

The shelter of the bus stop across the street from 30th Street Station includes a display from Target that allows passengers to buy gift items by scanning QR codes with their mobile phones.

December 13, 2012

Target announced plans to open a new store in Baltimore by October 2013. The retail giant has said approximately 200 new team members will be hired for the new location, part of the Canton Crossing Shopping Center on Boston Street.

MINNEAPOLIS — Target announced plans to open a new store in Baltimore by October 2013. The retail giant has said approximately 200 new team members will be hired for the new location, part of the Canton Crossing Shopping Center on Boston Street.