Content about Target Corporation

MINNEAPOLIS — Target said that although its comparable-store sales were below expectations in the South and Northeast, the company believes overall sales will be driven by two of its recent initiatives.

Target chairman, president and CEO, Gregg Steinhafel, said that while the company "expects the economy to remain challenging, Target's PFresh remodel program and REDcard Rewards 5% savings program continue to operate in line with expectations."

WHAT IT MEANS AND WHY IT'S IMPORTANT — The news that Shoppers Drug Mart president and CEO Jürgen Schreiber is stepping down has taken investors and many industry observers by surprise; the reality is that the company has been wading through some corporate-level changes in recent years, and the Canadian retail market is facing its fair share of competitive challenges.

(THE NEWS: Shoppers CEO steps down. For the news, click here)

ATLANTA — Hair accessories brand Goody is gearing up for spring with the launch of its new Modern Organica collection, exclusively available at Target next month.

This season, headbands comprised of shells and barrettes dressed in colorful knits will help beauty mavens get back on-trend while staying true to their roots. Mother of pearl embellishments provide a feminine feature, while earth stones and nature-inspired designs add a glamorous touch.

MINNEAPOLIS — Target announced that its chief marketing officer, Michael Francis, will serve as the executive committee sponsor of Target’s entrance into the Canadian market. In this role, Francis will oversee the extension of Target’s brand as part of the corporation’s first-ever expansion of its stores beyond the United States, the company reported.

MINNEAPOLIS — There were three takeaways to come out of Supervalu’s third-quarter analyst call Tuesday morning: The deep discount banner Save-A-Lot will be the most significant catalyst for growth going forward; Supervalu aggressively is addressing pricing issues that have had consumers who are more accustomed to the “hi” in the grocer’s "hi-lo" pricing strategy shopping elsewhere; and while traditional Supervalu banners Acme, Shaw’s and even Jewel-Osco do not have a “For Sale” sign on their respective front lawns, at least

MINNEAPOLIS — Target is opening 21 stores across 12 states, the retailer announced Tuesday.

Among the openings are five stores in California, a third store in Hawaii and a SuperTarget in Minnesota.

“Target takes great pride in designing stores that meet the needs of our guests and the communities we serve,” said John Griffith, Target EVP. “With the addition of an expanded fresh food assortment, our new stores will offer guests everything they need in one convenient location.”

BOULDER, Colo. — Now 10 years operating its unique footprint in the shadow of the Rocky Mountains, Pharmaca Integrative Pharmacy has been revving its growth engine lately. Pharmaca is targeting three new store openings in 2011, and between three and six new stores each year through 2015 — a pace that would put the chain at 44 locations in time for its 15th anniversary. “We will be expanding outside of the states in which we currently operate in the future,” said Mark Panzer, Pharmaca president and CEO.


WHAT IT MEANS AND WHY IT'S IMPORTANT — Target’s pharmacy division got a big boost early this month when the Industrial Designers Society of America named its ClearRx bottle for prescription drugs the Design of the Decade. The award — coupled with another J.D. Power customer satisfaction award earlier this year — are affirmation that the 1,752-store big-box giant is on the right track as it renews its niche in health and wellness.


BENTONVILLE, Ark. — Walmart’s Neighborhood Market concept finally is getting its due more than 12 years after the first unit opened in late 1998. Next year, the company expected to open between 30 and 40 small stores, the majority of which will be Neighborhood Market units, in addition to a handful of pilot stores measuring less than 30,000 sq. ft. that the company views as a potential growth vehicle for either urban or rural markets.


MINNEAPOLIS — A location-based retail app now is available for Target shoppers in select markets.

MINNEAPOLIS — Target announced that it is launching a month-long anti-smoking campaign in connection with the American Cancer Society's 2010 Great American Smokeout to support guests and team members in their efforts to quit smoking.