Content about Target

January 27, 2012

Just a few weeks after unveiling the locations of its first 24 stores in Canada, Target released an expanded list of stores that will debut in 2013.

MINNEAPOLIS — Just a few weeks after unveiling the locations of its first 24 stores in Canada, Target released an expanded list of stores that will debut in 2013.

The stores listed included two in Alberta, two in British Columbia, 29 in Ontario and one in Saskatchewan. Additional details can be viewed here.

January 26, 2012

CARA B Natural Products, a maker of ethnic personal care products, has just launched its collection of all-natural skin and hair care products formulated especially for ethnic babies and children in Target stores across the country.

CHARLOTTE, N.C. — CARA B Natural Products, a maker of ethnic personal care products, has just launched its collection of all-natural skin and hair care products formulated especially for ethnic babies and children in Target stores across the country.

January 26, 2012

Target has announced the names of 50 schools that were selected to receive a $100,000 grant to purchase much-needed resources and improve their learning environments.

MINNEAPOLIS — Target has announced the names of 50 schools that were selected to receive a $100,000 grant to purchase much-needed resources and improve their learning environments. The $5 million donation from Target to K through 12 schools in 31 states across the country is part of the company’s commitment to education, which includes plans to give $1 billion for education by the end of 2015.

January 25, 2012

Help Remedies last week launched a new product targeted toward those suffering from chest congestion.

NEW YORK — Help Remedies last week launched a new product targeted toward those suffering from chest congestion. The new expectorant, branded "Help I have chest congestion," contains the single active ingredient guaifenesin (200 mg), and is now available nationally at Target, the company stated.

January 24, 2012

Target has promoted John Mulligan to the position of EVP and CFO, effective April 1. Mulligan currently serves as SVP finance. He replaces Doug Scovanner, Target’s EVP and CFO for the past 18 years, who announced his retirement in November 2011.

MINNEAPOLIS — Target has promoted John Mulligan to the position of EVP and CFO, effective April 1. Mulligan currently serves as SVP finance. He replaces Doug Scovanner, Target’s EVP and CFO for the past 18 years, who announced his retirement in November 2011.

January 23, 2012

The Retail Industry Leaders Association has appointed new members to its board of directors, including a new board chairman.

NAPLES, Fla. — The Retail Industry Leaders Association has appointed new members to its board of directors, including a new board chairman.

RILA said Target chairman, president and CEO Gregg Steinhafel was appointed RILA chairman of the board. Steinhafel, who previously served as vice chairman, succeeds Bill Rhodes, who currently serves as chairman, president and CEO of AutoZone.

January 23, 2012

Walmart ranked No. 1 out of six retail pharmacy operators who were identified as part of the “Top 50 Organizations for Multicultural Business Opportunities" by DiversityBusiness.com last week. Other pharmacy retailers on the list included, in order, Kroger, Supervalu, Target, Walgreens and Ahold USA.

SOUTHPORT, Conn. — Walmart ranked No. 1 out of six retail pharmacy operators who were identified as part of the “Top 50 Organizations for Multicultural Business Opportunities" by DiversityBusiness.com last week. Other pharmacy retailers on the list included, in order, Kroger, Supervalu, Target, Walgreens and Ahold USA.

January 18, 2012

Target announced that it has temporarily suspended its efforts to sell its credit card receivables portfolio.

MINNEAPOLIS — Target announced that it has temporarily suspended its efforts to sell its credit card receivables portfolio. The company said it remains committed to selling the portfolio on appropriate terms, but based on discussions with potential partners the company has determined that it is not in its best interests to finalize a transaction at this time.

January 13, 2012

Target is bringing the experience of small, independent shops to the masses with its next design partnership, “The Shops at Target.”

MINNEAPOLIS — Target is bringing the experience of small, independent shops to the masses with its next design partnership, “The Shops at Target.”

Launching May 6 for a six-week run in all Target stores and online, “The Shops at Target” will provide customers with the feel of visiting some of the world’s most unique boutiques without having to travel beyond their nearest Target store.

January 12, 2012

Target's board of directors has approved a new $5 billion share repurchase program, which will be implemented upon the completion of the company's current $10 billion program.

MINNEAPOLIS — Target's board of directors has approved a new $5 billion share repurchase program, which will be implemented upon the completion of the company's current $10 billion program.

Target said while it expects to complete its current program early this year, it expects to complete the new $5 billion authorization in the next two to three years, saying the program "represents an opportunity to apply excess cash flow to what [the company believes] will be an attractive long-term investment."

January 6, 2012

Target revealed Thursday the locations of the first 24 Canadian stores.

MINNEAPOLIS — Target revealed Thursday the locations of the first 24 Canadian stores.

Target said the stores will open in March/early April 2013 and will be located in Brampton, Mississauga and Toronto, among others. Additional locations will be announced in the coming months.

January 5, 2012

Hair accessory brand Goody has announced the launch of its DoubleWear collection of jewelry-inspired elastics and headwraps.

ATLANTA — Hair accessory brand Goody has announced the launch of its DoubleWear collection of jewelry-inspired elastics and headwraps.

A recent Goody poll reported that most women wear an elastic on their wrist as a convenient way to keep it handy, but 68% of respondents said they were frustrated with how this look compromised their style. Enter DoubleWear.

January 5, 2012

Target chairman, president and CEO Gregg Steinhafel assured investors last month that December comps would exceed November’s 1.8% increase, but then Thursday morning reported a disappointing 1.6% increase and a reduced profit forecast.

MINNEAPOLIS — Joe Namath he’s not. Target chairman, president and CEO Gregg Steinhafel assured investors last month that December comps would exceed November’s 1.8% increase, but then Thursday morning reported a disappointing 1.6% increase and a reduced profit forecast.

January 4, 2012

Despite an overall decrease in free standing insert coupon activity, retailer promotion pages within the FSI vehicles recorded a 30.7% increase to more than 17 billion pages in 2011, continuing the significant annual increases in retailer promotion activity, which began in 2007, Kantar Media reported Wednesday.

MINNEAPOLIS — Despite an overall decrease in free standing insert coupon activity, retailer promotion pages within the FSI vehicles recorded a 30.7% increase to more than 17 billion pages in 2011, continuing the significant annual increases in retailer promotion activity, which began in 2007, Kantar Media reported Wednesday.

Overall, the number of free-standing insert coupons distributed through 2011 dropped 6.5% compared with 2010. This decline in FSI coupon activity followed two consecutive years of annual increases of 8% in 2009 and 7.2% in 2010.

December 23, 2011

Rather than take off for Christmas, the editors of Drug Store News took a look at the year ahead and the stories, issues and trends that will make headlines in retail pharmacy in 2012.

Rather than take off for Christmas, the editors of Drug Store News took a look at the year ahead and the stories, issues and trends that will make headlines in retail pharmacy in 2012.

December 22, 2011

Dec. 26 could be a big savings day for Target shoppers, the retailer said.

MINNEAPOLIS — Dec. 26 could be a big savings day for Target shoppers, the retailer said.

Target announced that beginning next Monday, customers can save up to 50% off on such items as women’s and kids’ apparel, as well as home and holiday decor, in stores and online at Target.com. Doors will open at Target stores nationwide at 7 a.m. on Monday.

December 6, 2011

Target may have a chance to bounce back from its anemic 1.8% November comps increase during a period that included strong Black Friday performances for most retailers with its "Almost Last Minute Sale," a new savings event that will offer discounts on items from the most popular gift categories.

MINNEAPOLIS — Target may have a chance to bounce back from its anemic 1.8% November comps increase during a period that included strong Black Friday performances for most retailers with its "Almost Last Minute Sale," a new savings event that will offer discounts on items from the most popular gift categories, including home, apparel and accessories, toys, and electronics.

The three-day sale will take place Dec. 8 through Dec. 10 in stores and at Target.com.

December 5, 2011

Optimism, skepticism, confidence and concern were among the range of emotions shared by Walmart suppliers who participated in the second annual Walmart Supplier Survey conducted by Drug Store News’ sister publication Connecting Northwest Arkansas.


Optimism, skepticism, confidence and concern were among the range of emotions shared by Walmart suppliers who participated in the second annual Walmart Supplier Survey conducted by Drug Store News’ sister publication Connecting Northwest Arkansas.


(To view the full results of the Walmart Supplier Survey, click here.)

December 2, 2011

Target reported November same-store sales increased 1.8%, which was toward the low end of the company’s guidance that called for an increase in the low to mid single-digit range.

MINNEAPOLIS — Target reported November same-store sales increased 1.8%, which was toward the low end of the company’s guidance that called for an increase in the low to mid single-digit range.

November 28, 2011

Target will donate $5 million to local schools nationwide as part of the company's commitment to give $1 billion for education by the end of 2015.

MINNEAPOLIS — Target will donate $5 million to local schools nationwide as part of the company's commitment to give $1 billion for education by the end of 2015.

November 23, 2011

Hair care brand Not Your Mother’s has announced that it is adding more than 7,500 new retail outlets to its distribution in January.

TAMPA, Fla. — Hair care brand Not Your Mother’s has announced that it is adding more than 7,500 new retail outlets to its distribution in January.

November 23, 2011

Target merchandising executive Casey Carl was given added responsibilities for the retailer’s online businesses, following a series of snafus related to an August relaunch that resulted in the departure of former online president Steve Eastman.

MINNEAPOLIS — Target merchandising executive Casey Carl was given added responsibilities for the retailer’s online businesses, following a series of snafus related to an August relaunch that resulted in the departure of former online president Steve Eastman.

Carl will serve as president of multichannel with responsibility for Target’s digital platforms including mobile, social and Target.com, while retaining his prior responsibilities as SVP merchandising for entertainment, toys, sporting goods and electronics.

November 18, 2011

Target is selling off the pharmacy business of the Zellers stores it bought as part of an effort to expand into Canada and start over, according to published reports.

NEW YORK — Target is selling off the pharmacy business of the Zellers stores it bought as part of an effort to expand into Canada and start over, according to published reports.

Toronto-based newspaper The Globe & Mail reported that Target would sell Zellers' scripts to other retailers as it prepared to close the stores down for remodeling. The company plans to re-open them as Target stores, with pharmacies, in 2013. Industry observers value Zellers' pharmacy business at about C$500 million, according to the newspaper.

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.