Content about Target

December 5, 2011
Suppliers’ views on working with Walmart

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 comps light in November

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 gives back to schools

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
Not Your Mother's bolstering distribution by 7,500-plus retail outlets

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.com under new leadership

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
Report: Target to sell Zellers pharmacy scripts, start over when stores re-open

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 exceed estimates at Target

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 launches Target prepaid card

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.

November 15, 2011
CityTarget to open in Westwood, Calif.

Target is bringing its smaller-format store to the Los Angeles metropolitan area.

MINNEAPOLIS — Target is bringing its smaller-format store to the Los Angeles metropolitan area.

The 98,000-sq.-ft. CityTarget, which will be located in Westwood, Calif., will open in July 2012. It is the second store of its kind confirmed in the area, with the first being open in October 2012 in downtown Los Angeles.

Target currently has 58 other stores in Los Angeles.

November 14, 2011
Valoramas launches Latino-centric online shopping club

Valoramas on Monday announced the launch of an online bilingual membership club for Latinos in the United States at Valoramas.com.

CHICAGO — Valoramas on Monday announced the launch of an online bilingual membership club for Latinos in the United States at Valoramas.com.

November 10, 2011
Avalon Organics transitions to NSF/ANSI 305 Standard, revamps formulas

Hain Celestial Group’s Avalon Organics skin care brand, which is sold at such retailers as Whole Foods, Target, Walmart and drug stores, has transitioned its line of personal care products to the NSF/ANSI 305 Standard for Personal Care Products Containing Organic Ingredients. With this transition, Avalon Organics also has revamped its Vitamin C Renewal, Lavender Luminosity, CoQ10 Repair and Essential Lift skin care lines.

MELVILLE, N.Y. — Hain Celestial Group’s Avalon Organics skin care brand, which is sold at such retailers as Whole Foods, Target, Walmart and drug stores, has transitioned its line of personal care products to the NSF/ANSI 305 Standard for Personal Care Products Containing Organic Ingredients. With this transition, Avalon Organics also has revamped its Vitamin C Renewal, Lavender Luminosity, CoQ10 Repair and Essential Lift skin care lines.

November 8, 2011
Free shipping a new incentive for Target loyalty program

Target shoppers have a new incentive for joining the retailer's REDcard Rewards loyalty program: free shipping on Target.com.

MINNEAPOLIS — Target shoppers have a new incentive for joining the retailer's REDcard Rewards loyalty program: free shipping on Target.com.

What's more, Target debit cards now can be used on Target.com, the company said.

November 3, 2011
Target still driving sales, despite leadership uncertainty

Target reported October sales growth that fell short of analysts' expectations, while uncertainty remains following the recent departure of the company's CFO.

MINNEAPOLIS — Target reported October sales growth that fell short of analysts' expectations, while uncertainty remains following the recent departure of the company's CFO.

Target reported that its net retail sales for the four weeks ended Oct. 29 were $4.8 billion, an increase of 4.3% from $4.6 billion for the four weeks ended Oct. 30, 2010. On this same basis, comparable-store sales increased 3.3% in October and 4.3% in the third quarter.

November 1, 2011
Target begins search for CFO as Scovanner's tenure comes to a close

The unexpected announcement that Target EVP and CFO Doug Scovanner will retire on March 31, 2012, has investors speculating about the reasons for his departure following the recent exit of other key executives.

MINNEAPOLIS — The unexpected announcement that Target EVP and CFO Doug Scovanner will retire on March 31, 2012, has investors speculating about the reasons for his departure following the recent exit of other key executives.

Analysts at Bernstein Research pointed to the fact that no successor has been named, suggesting that the retirement was not a long-planned event. However, the firm said it believed that despite the unexpected news, this appeared to be a true retirement and doesn't anticipate seeing Scovanner in a CFO role at another major company.

October 31, 2011
Target starts Black Friday earlier, extends holiday hours

Target is getting an early jump on Black Friday this year, announcing that it will open its stores at midnight on Nov. 25.

MINNEAPOLIS — Target is getting an early jump on Black Friday this year, announcing that it will open its stores at midnight on Nov. 25.

“The holidays bring hectic schedules and tight budgets, so extending store hours and offering lots of additional ways to save makes Target a great choice for affordable, one-stop holiday shopping,” Target EVP stores Tina Schiel said.

October 27, 2011
UK beauty brand Nip + Fab comes to U.S. via Target partnership

Target has partnered with U.K. beauty expert Maria Hatzistefanis and now is carrying her Nip + Fab beauty brand in Target stores and online at Target.com.

MINNEAPOLIS — Target has partnered with U.K. beauty expert Maria Hatzistefanis and now is carrying her Nip + Fab beauty brand in Target stores and online at Target.com.

Launched in 2010 and previously available only across the pond, Nip + Fab is now available in the United States through its partnership with Target.

Beauty mavens can select from 14 different Nip + Fab skin solutions and body blends, including Nip + Fab Tummy Fix, Nip + Fab Pigmentation Fix and Nip + Fab Dark Circle Fix.

Hatzistefanis also has created the Rodial beauty brand.

October 14, 2011
Target announces departure of Target.com president

Target announced that Steve Eastman, president of Target.com, left the retailer to pursue other opportunities. Eastman’s departure follows a late August relaunch of Target.com.

MINNEAPOLIS  — Target announced that Steve Eastman, president of Target.com, left the retailer to pursue other opportunities. Eastman’s departure follows a late August relaunch of Target.com.

The relaunch process did not go smoothly as Target brought its online operations in-house after a lengthy relationship with Amazon.com. Target’s goal was to reinvent the online environment and create a user-friendly and reliable experience, but that proved not to be the case initially as critics panned the site design and there were difficulties with functionality.

October 11, 2011
BP monitor touts convenience

The blood-pressure monitor for the tech-savvy, early-adopter baby boomer generation has arrived. Health Lab recently started distributing its iHealth BP3 blood-pressure monitoring system through Walgreens, Target and Best Buy, among other retailers.

The blood-pressure monitor for the tech-savvy, early-adopter baby boomer generation has arrived. Health Lab recently started distributing its iHealth BP3 blood-pressure monitoring system through Walgreens, Target and Best Buy, among other retailers.

October 6, 2011
Favorites emerging with latest toy list from Target

Target is the latest in a line of retailers to put out a list of what it thinks will be the top toys of the holiday season.

MINNEAPOLIS — Target is the latest in a line of retailers to put out a list of what it thinks will be the top toys of the holiday season. Many of Target's hottest toys, including FIJIT friends and the LeapFrog branded LeapPad, are also on toy lists for Toys"R"Us, Kmart and Walmart.

October 6, 2011
Target shoppers spent money in September

Target reported a moderately better-than-expected 5.3% same-store sales increase for September that was driven by broad-based gains in all categories and geographic regions, the company reported Thursday.

MINNEAPOLIS — Target reported a moderately better-than-expected 5.3% same-store sales increase for September that was driven by broad-based gains in all categories and geographic regions, the company reported Thursday. The increase was almost entirely due to larger average transaction sizes and came on top of a prior year increase of 1.3%. The company also noted that customer traffic as measured by comparable-store transaction increase a little more than 1%.

October 3, 2011
Coventry Health Care unveils Walgreens, Walmart, Target Medicare plan network

Coventry Health Care on Saturday announced that it has partnered with Walgreens, Walmart and Target for 2012 to offer a Medicare prescription drug plan known as First Health Value Plus.

BETHESDA, Md. — Coventry Health Care on Saturday announced that it has partnered with Walgreens, Walmart and Target for 2012 to offer a Medicare prescription drug plan known as First Health Value Plus.

As Coventry’s newest Medicare Prescription Drug Plan, First Health Value Plus is the lowest premium, zero-dollar deductible Part D plan in the United States, the company stated.

October 3, 2011
Overseer of Target's Canadian expansion quits

Michael Francis, Target's EVP and chief marketing officer, and the person charged with leading the retailer's expansion into Canada, has left the company, Target announced Monday.

MINNEAPOLIS — Michael Francis, Target's EVP and chief marketing officer, and the person charged with leading the retailer's expansion into Canada, has left the company, Target announced Monday.

“We would like to thank Michael for his many contributions and wish him the best in his future endeavors” said Target chairman, president and CEO Gregg Steinhafel said.

September 27, 2011
Unsure of what to don this Halloween? 'Ask your friends,' Target says

Target is encouraging consumers having a tough time selecting a Halloween costume this year to let their friends decide.

MINNEAPOLIS — Target is encouraging consumers having a tough time selecting a Halloween costume this year to let their friends decide.

The retailer has launched a Facebook application through which Facebook fans can create a poll via "Ask Your Friends: Halloween Edition." The app allows users to select up to four costumes to be voted on. Selections can be made for men, women, kids, infant and toddler, as well as pets.

September 26, 2011
Target inks supplier deal for Canadian stores

Details for Target's entry into Canada continue to fall into place as the retailer announced last week a long-term wholesale distribution agreement with Sobeys.

MINNEAPOLIS — Details for Target's entry into Canada continue to fall into place as the retailer announced last week a long-term wholesale distribution agreement with Sobeys.

Beginning in early 2013, Sobeys will supply Target’s food and grocery requirements for frozen, dairy, and dry grocery products, inclusive of both national brand and Target’s private-label brands.

September 23, 2011
Target puts final Canadian plans in motion

Target's entry into Canada is nearing completion, as the company on Friday finalized its real estate transaction with Zellers.

MINNEAPOLIS — Target's entry into Canada is nearing completion, as the company on Friday finalized its real estate transaction with Zellers with the selection of 84 additional Zellers leases, bringing the total number of leases, including an initial group of 105 leases selected in May, to 189.

From this second group, Target has acquired the leasehold interests for 29 locations, the vast majority of which will open as Target stores beginning in 2013. The remaining leases have been or will be sold to other Canadian retailers or back to landlords.