Content about Target

August 16, 2012

A new company formed by leading U.S. retailers is looking to offer consumers a mobile commerce experience that will combine the convenience of paying at the register with customizable offers.

DALLAS — A new company formed by leading U.S. retailers is looking to offer consumers a mobile commerce experience that will combine the convenience of paying at the register with customizable offers.

August 15, 2012

Target's second-quarter sales increased 3.5% to $16.5 billion and the company’s profits grew 2.9% to $1.06 per share, 5 cents higher than analysts expected.

MINNEAPOLIS — Target's second-quarter sales increased 3.5% to $16.5 billion and the company’s profits grew 2.9% to $1.06 per share, 5 cents higher than analysts expected.

August 14, 2012

Nobody likes getting a shot, but a new survey indicates that fear of needles also may prompt people to avoid getting flu vaccinations.

MINNEAPOLIS — Nobody likes getting a shot, but a new survey indicates that fear of needles also may prompt people to avoid getting flu vaccinations.

Target announced results of a new online survey conducted on its behalf by Harris Interactive showing that 60% of American adults would skip flu vaccinations, with 23% of those avoiding vaccinations because they don't like needles. The survey polled 2,160 adults between July 10 and July 12; no margin of error could be calculated as the survey was not based on a probability sample.

August 14, 2012

Target’s in-store health clinics recently started offering consultations for eyelash lengthening and the treatment of hyperpigmentation of the skin and unwanted facial hair, according to a local news report.

MINNEAPOLIS — Target’s in-store health clinics recently started offering consultations for eyelash lengthening and the treatment of hyperpigmentation of the skin and unwanted facial hair, according to a local news report.

August 8, 2012

The Retail Industry Leaders Association is urging President Barack Obama and Gov. Mitt Romney to consider the retail industry's role in the U.S. economy as the presidential candidates "advance their visions for the future."

ARLINGTON, Va. — The Retail Industry Leaders Association is urging President Barack Obama and Gov. Mitt Romney to consider the retail industry's role in the U.S. economy as the presidential candidates "advance their visions for the future."

August 2, 2012

Target's net retail sales and comparable-store sales both realized gains of more than 3% during July, the retailer said.

MINNEAPOLIS — Target's net retail sales and comparable-store sales both realized gains of more than 3% during July, the retailer said.

Target net retail sales increased 3.2% to nearly $5 billion, while comps rose 3.1%. Target chairman, president and CEO Gregg Steinhafel said the company "was pleased" with the comps rise, which was in line with the company's expectation going into the quarter.

July 27, 2012

Target is using the power of social media to help raise money for needy schools.

MINNEAPOLIS — Target is using the power of social media to help raise money for needy schools.

The retailer has launched a campaign via its Facebook page that will enable fans to vote for schools they think deserve a share of Target's $5 million "Give With Target" initiative this fall. The two-part giving campaign provides $2.5 million in grants to in-need schools, as well as up to $2.5 million in Target GiftCards to local schools.

July 25, 2012

Target is opening an in-store cafe serving natural and healthy food in its new Chicago store, according to published reports.

NEW YORK — Target is opening an in-store cafe serving natural and healthy food in its new Chicago store, according to published reports.

USA Today reported that the retailer's new CityTarget store will include Pret A Manger — French for "ready to eat" — a chain of cafes that serves sandwiches, soups, drinks and breakfast items with natural and organic ingredients.

July 23, 2012

Target announced it is remodeling 30 of its stores to offer an expanded selection of affordable and quality fresh foods to its customers.

MINNEAPOLIS — Target announced it is remodeling 30 of its stores to offer an expanded selection of affordable and quality fresh foods to its customers.

July 20, 2012

The first of Target's smaller-format CityTarget urban stores are slated to open on July 25 in Chicago, Los Angeles and Seattle.

MINNEAPOLIS — The first of Target's smaller-format CityTarget urban stores are slated to open on July 25 in Chicago, Los Angeles and Seattle.

Two years in the making, the smaller stores will feature broad offerings in a space two-thirds the size of a regular Target store – or 80,000 sq. ft. to 100,000 sq. ft., compared with 135,000 sq. ft. to 175,000 sq. ft.

July 17, 2012

Target once again is bringing Black Friday to the summer.

MINNEAPOLIS — Target once again is bringing Black Friday to the summer. This year, the retailer is expanding the sale to two full days: July 20 to 21. Target also will hold its first-ever Summer Cyber Week sale from July 22 to 28, featuring daily deals on Target.com for must-have products such as electronics, apparel, baby gear and more.

July 12, 2012

Target confirmed the list of the stores that it intends to open across Canada in 2013.

MINNEAPOLIS — Target confirmed the list of the stores that it intends to open across Canada in 2013.

As previously reported, Target purchased the leasehold interests of 189 sites currently operated by Zellers, and is slated to open 125 to 135 stores in Canada, the majority of which will open in 2013. Thursday's announcement confirms the first 125 stores that will open in 2013, and later this year, Target will confirm additional store locations that will open starting in early 2014 and beyond.

July 5, 2012

Target reported a 2.1% same-store sales increase for the month of June that was toward the low end of the company’s expectations.

MINNEAPOLIS — Target reported a 2.1% same-store sales increase for the month of June that was toward the low end of the company’s expectations.

Despite June sales that were softer than expected, Target left its second-quarter profit forecast intact as the weaker-than-expected result offset a better-than-expected performance the previous month.

June 28, 2012

Target is assisting Colorado wildfire relief efforts with a $30,000 donation, the retailer said.

MINNEAPOLIS — Target is assisting Colorado wildfire relief efforts with a $30,000 donation, the retailer said.

Target said a $17,500 cash donation was distributed among several American Red Cross chapters in Colorado, in addition to $5,000 in product donations for essentials such as water and food. A separate donation of $7,500 in gift cards was given to other nonprofit organizations in the affected areas.

This year, Target has given $500,000 to the American Red Cross as part of the nonprofit’s annual disaster giving program.

June 25, 2012

Target has donated $15,000 in monetary support and product to assist with Duluth, Minn., flood relief efforts.

MINNEAPOLIS — Target has donated $15,000 in monetary support and product to assist with Duluth, Minn., flood relief efforts.

A $10,000 cash donation was given to the American Red Cross Northland Chapter to support their response efforts. An additional $5,000 in gift cards will be donated to local nonprofit organizations for such essentials as water and food.

June 18, 2012

Target has released its 2011 corporate responsibility report, and while the company was happy to offer insight into its past performance, its focus is on the future.

MINNEAPOLIS — Target has released its 2011 corporate responsibility report, and while the company was happy to offer insight into its past performance, its focus is on the future. In that vein, the company has introduced new corporate responsibility goals:

  • To increase its sustainable seafood selection by ennsuring its fresh and frozen seafood offerings are 100% sustainable and traceable by the end of fiscal year 2015;

  • Make at least 50% of its own-brand packaging designs more sustainable by 2016;

June 15, 2012

Canned peaches, criminal records and political contributions were among the top shareholder concerns expressed at Target's annual meeting.

CHICAGO — Canned peaches, criminal records and political contributions were among the top shareholder concerns expressed at Target’s annual meeting on Wednesday afternoon.

June 11, 2012

Beauty brand Pixi, developed by makeup artist Petra Strand, is focusing on the eyes this fall as evidenced by its new product lineup slated to hit Target stores and Target.com in August.

MINNEAPOLIS — Beauty brand Pixi, developed by makeup artist Petra Strand, is focusing on the eyes this fall, as evidenced by its new product lineup slated to hit Target stores and Target.com in August.

New products for fall 2012 include:

Large Lash Mascara ($18): This mascara amplifies lashes with extreme volume and intense color. The oversized brush separates lashes, creating volume in a single sweep. Added vitamins E and B5, and bamboo extract work to nourish and condition for healthy, silky lashes.

June 8, 2012

Beauty brand JK Jemma Kidd — which was created by makeup artist, product designer and style icon Jemma Kidd — has unveiled its fall 2012 collection that will be available exclusively at Target stores and on Target.com beginning in August.

MINNEAPOLIS — Beauty brand JK Jemma Kidd — which was created by makeup artist, product designer and style icon Jemma Kidd — has unveiled its fall 2012 collection that will be available exclusively at Target stores and on Target.com beginning in August.

The fall collection includes:

24/7 Long-Wear Lip Colour ($15 each): This semi-matte lipstick provides rich color payoff and long-lasting results. Macadamia and avocado oils hydrate and condition lips for glide-on application, while vitamins A, C and E nourish and protect.

May 31, 2012

Target reported a 4.4% increase in May same-store sales that was toward the upper end of a guidance range that called for a low-to-mid single-digit increase.

MINNEAPOLIS — Target reported a 4.4% increase in May same-store sales that was toward the upper end of a guidance range that called for a low-to-mid single-digit increase.

May 23, 2012

Target has joined the Shopkick program, making it the largest retailer to reward its guests for using the app via their smartphones.

MINNEAPOLIS — Target has joined the Shopkick program, making it the largest retailer to reward its guests for using the app via their smartphones. Target guests nationwide can earn points for shopping at Target that can be redeemed for a variety of rewards.

May 22, 2012

Target will open a single-level store in New Mexico, the first of its kind in the state. The store, located in Albuquerque, is scheduled to open in 2013 and will occupy 155,000 sq. ft.

MINNEAPOLIS — Target will open a single-level store in New Mexico, the first of its kind in the state. The store, located in Albuquerque, is scheduled to open in 2013 and will occupy 155,000 sq. ft.

The store will feature covered, ground-level parking, with the store elevated directly above. It will offer guests the everyday essentials and exclusive brands they have come to expect from Target. In addition, the store will include a selection of fresh produce, fresh packaged meat and pre-packaged baked goods to further enhance guests’ experience.

May 22, 2012

Walmart topped the list of retailers on the BrandZ Top 100 Most Valuable Global Brands, according to a study commissioned by WPP Group and conducted by Millward Brown Optimor.

NEW YORK — Walmart topped the list of retailers on the BrandZ Top 100 Most Valuable Global Brands, according to a study commissioned by WPP Group and conducted by Millward Brown Optimor.

The BrandZ Top 100 Most Valuable Global Brands study identifies and ranks the world's most valuable 100 brands by their dollar value, an analysis based on financial data combined with consumer measures of brand equity.

May 17, 2012

Target has announced its plans to open new Target Clinic locations at four Target stores in northern Virginia and four Target stores in North Carolina, marking the first Target Clinics to open in these states.

MINNEAPOLIS — Target has announced its plans to open new Target Clinic locations at four Target stores in northern Virginia and four Target stores in North Carolina, marking the first Target Clinics to open in these states.

The new clinics currently are under construction and will open on July 29.

May 16, 2012

First-quarter earnings at Target exceeded a profit forecast the company increased last month after a strong start to the quarter.

MINNEAPOLIS — First-quarter earnings at Target exceeded a profit forecast the company increased last month after a strong start to the quarter.

Sales increased 6.1% to $16.5 billion and same-store sales advanced 5.3%. The sales momentum, combined with rigid expense control, enabled the company to report first-quarter earnings per share of $1.04, which exceeded a guidance range that had been increased to 96 cents to $1.02 from 88 cents to 98 cents in early April, following better-than-expected same-store sales during the first two months of the quarter.