Content about Target Corporation

May 5, 2011

The 13.1% increase in same-store sales Target reported for April was toward the low end of the company’s projection of an increase in the mid-teens, and begs the question whether Walmart’s mid-month launch of a new marketing campaign contributed to the weakness.

MINNEAPOLIS — The 13.1% increase in same-store sales Target reported for April was toward the low end of the company’s projection of an increase in the mid-teens, and begs the question whether Walmart’s mid-month launch of a new marketing campaign contributed to the weakness.

May 2, 2011

Target announced that it has donated $200,000 in cash to the American Red Cross to support tornado relief efforts in the Southern United States.

MINNEAPOLIS — Target announced that it has donated $200,000 in cash to the American Red Cross to support tornado relief efforts in the Southern United States.

An additional donation of more than $75,000 will include product and relief kits containing hygiene and food items that will be distributed to hardest-hit areas.

April 27, 2011

A new natural baby care line from One recently hit Target shelves and also is available online at Target.com and Walgreens.com, the manufacturer announced.

NEW YORK — A new natural baby care line from One recently hit Target shelves and also is available online at Target.com and Walgreens.com, the manufacturer announced.

April 26, 2011

Target announced that it will adopt green refrigeration technologies in its stores as part of its new membership in the U.S. Environmental Protection Agency's GreenChill program.

MINNEAPOLIS — Target announced that it will adopt green refrigeration technologies in its stores as part of its new membership in the U.S. Environmental Protection Agency's GreenChill program.

April 25, 2011

Target is branching out.


Buoyed by surging profits and customer satisfaction scores, the Minneapolis-based giant is reaching into Canada, preparing a new small-store format for urban areas and going after a bigger share of the nation’s grocery dollar. Target also is spending billions on store renovations, aggressively leveraging a new loyalty card program and growing its commitment to health at its pharmacies and in-store clinics.


April 25, 2011

Target is encouraging customers to direct their sights toward its in-store pharmacies with its “Ask Us” campaign. The campaign includes signage located throughout the store designed to direct shoppers to seek information from pharmacists about everything from allergies to generic discounts, promoting Target’s pharmacists as experts on medicines.


The signage includes floor graphics in the aisles leading to the pharmacy counter, signs hanging from ceilings and placards posted on endcaps. 


April 19, 2011

Target said that its in-store recycling stations collected and recycled more than 170 million shopping bags, weighing more than 1,800 tons, between April and December 2010.

MINNEAPOLIS — Target said that its in-store recycling stations collected and recycled more than 170 million shopping bags, weighing more than 1,800 tons, between April and December 2010.

The retailer also said that its in-store recycling stations, which were launched to make it easier for guests to recycle common household items, also collected and recycled more than 700 tons of bottles and cans, as well as nearly 2 million units of such small electronics as MP3 players and cell phones during the nine-month period.

April 13, 2011

Target expects sales from its upcoming Canadian stores to total more than $6 billion by 2017, Dow Jones reported.

NEW YORK — Target expects sales from its upcoming Canadian stores to total more than $6 billion by 2017, Dow Jones reported.

Speaking to Wall Street analysts, CFO Douglas Scovanner said Tuesday that Target expects to have more than 200 stores in Canada within the next five to 10 years, with the stores generating about $6 billion Canadian ($6.27 billion in U.S. dollars based on Tuesday’s exchange rate).

Target’s initial group of stores will open through the chain’s purchase in January of up to 220 leases held by Hudson's Bay Co.'s Zellers stores.

April 8, 2011

Target once again has taken the top spot as the retailer with the strongest consumer brand equity, according to the latest Harris poll.

NEW YORK — Target once again has taken the top spot as the retailer with the strongest consumer brand equity, according to the latest Harris poll.

This marked the second consecutive year Target has led the way in the "value retail" category, with an increasing gap noted between the company and runner-up Walmart, according to the "2011 Harris Poll EquiTrend" study. Target led the way with a ranking of 74.1, while Walmart had a ranking of 70.8. The industry average in the value retail category was 67.3.

April 7, 2011

Target's March sales dropped 4.5% to $5.95 billion, compared with the year-ago period.

MINNEAPOLIS — Target's March sales dropped 4.5% to $5.95 billion, compared with the year-ago period.

The retailer also disclosed that comparable-store sales for the five weeks dropped 5.5%, which was in line with expectations, as they reflected the later timing of the Easter holiday, according to the company's chairman, president and CEO, Gregg Steinhafel.

"Our stores are well-prepared for the upcoming Easter season, and we continue to expect a mid-teens increase in Target's April comparable-store sales," Steinhafel noted.

April 1, 2011

Some of the nation's most popular retailers earned a spot on Interbrand's annual ranking of the 50 most valuable U.S. retail brands.

NEW YORK — Some of the nation's most popular retailers earned a spot on Interbrand's annual ranking of the 50 most valuable U.S. retail brands.

Walmart topped the list, with Target coming in the No. 2 spot, while CVS/pharmacy, Walgreens and Sam's Club respectively earned the fifth, sixth and seventh spots.

Other retailers on the list included Publix, Dollar General, Costco, Whole Foods and Family Dollar.

March 30, 2011

Target announced that as part of its Earth Month celebration, it is offering customers the chance to win a "Refresh Your Nest" home makeover worth up to $50,000 with the help of LEED-accredited designer Sabrina Soto, as well as hundreds of other sustainable prizes.

MINNEAPOLIS — Target announced that as part of its Earth Month celebration, it is offering customers the chance to win a "Refresh Your Nest" home makeover worth up to $50,000 with the help of LEED-accredited designer Sabrina Soto, as well as hundreds of other sustainable prizes.

Guests can log on to Target.com/Eco to enter the sweepstakes.

March 30, 2011

Target announced plans to remodel several stores in the Charlotte, N.C., area.

MINNEAPOLIS — Target announced plans to remodel several stores in the Charlotte, N.C., area.

According to the company, the remodeling began March 27 and includes such features as an open-market fresh food layout, complete with a selection of fresh produce, fresh meat and baked goods. The new layout also features reinventions in several other areas throughout the store, including beauty, home, baby and shoes.

March 18, 2011

Target has made a donation to Save the Children to assist with Japan’s earthquake and tsunami relief efforts.

MINNEAPOLIS — Target has made a donation to Save the Children to assist with Japan’s earthquake and tsunami relief efforts.

The retailer said it has donated $500,000 to the cause.

Target said it encourages shoppers and team members to visit the Save the Children website to learn more about how they can help victims of the earthquake and tsunami.

March 17, 2011

Target has made the Ethisphere Institute’s World’s Most Ethical Companies for 2011 list, the retail chain said Thursday.

MINNEAPOLIS — Target has made the Ethisphere Institute’s World’s Most Ethical Companies for 2011 list, the retail chain said Thursday.

Target said the institute, an international business ethics organization, honored Target for business practices and initiatives that benefit the community. This is the fifth consecutive year in which the company has won the award.

March 10, 2011

Pop singer Lady Gaga has dissolved her partnership with mass merchandiser Target, according to published reports.

MINNEAPOLIS — Pop singer Lady Gaga has dissolved her partnership with mass merchandiser Target, according to published reports.

Last month, Lady Gaga, whose real name is Stefani Germanotta, teamed up with Target to promote her latest album, “Born This Way,” selling an exclusive special edition of it through the retailer.

March 9, 2011

Target Clinic is slated to open eight new locations in three markets.

MINNEAPOLIS — Target Clinic is slated to open eight new locations in three markets.

The clinics will open in Target stores in the Twin Cities, Chicago and Ft. Lauderdale-Davie areas by the end of July, bringing the total clinic count to 44. The first new Target Clinic location opened March 2 in Minnesota.

Target said expanding its clinic business will increase access to healthcare services.

March 4, 2011

A funny thing happened on the way to the cash register. A coveted diabetic shopper intent on saving money saw promotions that resonated with value. She was hooked.

On this trip, promotions influenced her to expand her basket from just insulin to related care items, foot cream and a sugar-free treat. It was as if the retailer and suppliers completely understood her daily regimen, lifestyle, shopping behaviors, willingness to spend and purchase triggers. Indeed, they did.

How? They mastered the process of promotion optimization.

March 3, 2011

February same-store sales at Target advanced 1.8%, thanks to the addition of fresh food and consumables that are part of an aggressive remodeling program causing more people to shop its stores.

MINNEAPOLIS — February same-store sales at Target advanced 1.8%, thanks to the addition of fresh food and consumables that are part of an aggressive remodeling program causing more people to shop its stores.

The company said more than half of its February same-store sales gain were driven by an increase in transactions combined with a small increase in the average transaction size. The 1.8% gain comes on top of a 2.4% increase in February 2010.

February 25, 2011

As Walgreens pays tribute to its store brand via hard-hitting ads that position its health-and-wellness products as the ones that its pharmacists recommend, CVS/pharmacy officially has unveiled its new Just the Basics private-label line — both developments that should serve as warning signs to vendors.

WHAT IT MEANS AND WHY IT'S IMPORTANT — As Walgreens pays tribute to its store brand via hard-hitting ads that position its health-and-wellness products as the ones that its pharmacists recommend, CVS/pharmacy officially has unveiled its new Just the Basics private-label line — both developments that should serve as warning signs to vendors.

(THE NEWS: CVS/pharmacy's Just the Basics line makes debut. For the full story, click here)

February 24, 2011

Fourth-quarter earnings per share at Target advanced 17% to $1.45, compared with $1.24 the prior year, thanks to a seven-cent-per-share tax benefit.

MINNEAPOLIS — Fourth-quarter earnings per share at Target advanced 17% to $1.45, compared with $1.24 the prior year, thanks to a seven-cent-per-share tax benefit.

Quarterly profits were slightly more than $1 billion, compared with $936 million the prior year. Fourth-quarter sales increased 2.8% to $20.3 billion, compared with $19.7 billion in the prior year, and were aided by a 2.4% increase in same-store sales.

February 18, 2011

Walgreens is ready for its closeup.


After a two-year, top-to-bottom makeover — and a relentless focus on its core customers and its broad mission as a health, wellness and convenient shopping destination — the company that wants to “own well” has honed its message to consumers: Walgreens is ready to be the nation’s top wellness destination.

February 18, 2011



Talk about a bold retail vision. Walgreens president and CEO Greg Wasson said the nation’s top pharmacy retailer wants nothing less than to “own well.”

February 16, 2011

Another Target store is coming to downtown Chicago, as the retailer disclosed it would open a small-format store under the new CityTarget banner in the Sullivan Center at South State Street and Madison Street.

MINNEAPOLIS — Another Target store is coming to downtown Chicago, as the retailer disclosed it would open a small-format store under the new CityTarget banner in the Sullivan Center at South State Street and Madison Street.

February 15, 2011

Pop singer Lady Gaga has partnered with mass merchandise retailer Target to allow customers to pre-order a deluxe edition of her new album, “Born This Way.” Customers can order the album through Target and download the title track for free at Target.com/Gaga until Feb. 26.

MINNEAPOLIS — Pop singer Lady Gaga has partnered with mass merchandise retailer Target to allow customers to pre-order a deluxe edition of her new album, “Born This Way.” Customers can order the album through Target and download the title track for free at Target.com/Gaga until Feb. 26.